Madagascar (MDG) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Madagascar-Mongolia Trade: In 2022, Madagascar exported $44.1k to Mongolia. The main products that Madagascar exported to Mongolia were N/A. Over the past 5 years the exports of Madagascar to Mongolia have increased at an annualized rate of 23.7%, from $15.2k in 2017 to $44.1k in 2022.

In 2022, Madagascar did not export any services to Mongolia.

Mongolia-Madagascar In N/A, Mongolia did not export any products to Madagascar.

In 2022, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $44.1k to Mongolia. There were not main exports from Madagascar to Mongolia in 2022. During the last 5 years the exports of Madagascar to Mongolia have increased at an annualized rate of 23.7%, from $15.2k in 2017 to $44.1k in 2022.

Mongolia does not register exports to Madagascar.

Exports from Madagascar () to Mongolia () (2022)

Exports from Mongolia () to Madagascar () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Madagascar than Mongolia included United States ($669M), France ($641M), and Japan ($345M).

In 2023, countries that imported more from Mongolia than Madagascar included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

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

Comparative Advantage Madagascar - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Mongolia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Mongolia+$33.2kNon-Knit Women's Suits

Top Product Potential Mongolia Madagascar+$3.28kCoal Briquettes

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 Mongolia. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Madagascar.

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Mongolia () (2022)

Exports from Mongolia () to Madagascar () (2022)

Market Competitiveness

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

Comparative Advantage Madagascar - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Mongolia () (2022)

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