Madagascar (MDG) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Madagascar-Mexico Trade: In 2023, Madagascar exported $21.3M to Mexico. The main products that Madagascar exported to Mexico were Titanium Ore ($11.2M), Non-Knit Men's Shirts ($3.47M), and Cloves ($2.31M). Over the past 5 years the exports of Madagascar to Mexico have increased at an annualized rate of 47.5%, from $3.05M in 2018 to $21.3M in 2023.

In 2023, Madagascar did not export any services to Mexico.

Mexico-Madagascar Trade: In 2023, Mexico exported $2.02M to Madagascar. The main products that Mexico exported to Madagascar were Cars ($467k), Liquid Pumps ($408k), and Integrated Circuits ($363k). Over the past 5 years the exports of Mexico to Madagascar have decreased at an annualized rate of 1.97%, from $2.23M in 2018 to $2.02M in 2023.

In 2023, Mexico did not export any services to Madagascar.

Comparison: In 2023, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $21.3M to Mexico. The main products exported from Madagascar to Mexico were Titanium Ore ($11.2M), Non-Knit Men's Shirts ($3.47M), and Cloves ($2.31M). During the last 5 years the exports of Madagascar to Mexico have increased at an annualized rate of 47.5%, from $3.05M in 2018 to $21.3M in 2023.

In 2018, Mexico exported $2.02M to Madagascar. The main products exported from Mexico to Madagascar were Cars ($467k), Liquid Pumps ($408k), and Integrated Circuits ($363k). During the last 5 years the exports of Mexico to Madagascar have decreased at an annualized rate of 1.97%, from $2.23M in 2023 to $2.02M in 2018.

Exports from Madagascar () to Mexico () (2023)

Exports from Mexico () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Mexico ()

Madagascar Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Mexico
Top DestinationUnited States$456B

This map shows whether countries import more from Madagascar or Mexico. Each country is colored based on the difference in imports they receive from Madagascar and Mexico or the difference in the growth in imports.

In 2023, countries that imported more from Madagascar than Mexico included Mauritius ($46.5M), Comoros ($7.69M), and Afghanistan ($2.72M).

In 2023, countries that imported more from Mexico than Madagascar included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico () and Madagascar () (2023)

Comparative Advantage Madagascar - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Madagascar and Mexico by product, considering products traded by both, Madagascar and Mexico.

During 2023, Madagascar had a large net trade with Mexico in the exports of Mineral Products ($11.3M), Textiles ($7.55M), and Vegetable Products ($2.36M).

During 2018, Mexico had a large net trade with Madagascar in the exports of Machines ($790k), Foodstuffs ($503k), and Transportation ($469k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Mexico+$1.64MKnit Sweaters

Top Product Potential Mexico Madagascar+$854kCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Madagascar and Mexico. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Madagascar.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Mexico () (2023)

Exports from Mexico () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Mexico ()

Madagascar Exports

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and Madagascar () (2023)

Comparative Advantage Madagascar - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Mexico () (2023)

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