Madagascar (MDG) and Peru (PER) Trade | The Observatory of Economic Complexity

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Madagascar-Peru Trade: In 2023, Madagascar exported $1.19M to Peru. The main products that Madagascar exported to Peru were Cloves ($878k), Non-Knit Men's Shirts ($93k), and Knit Sweaters ($86.4k). Over the past 5 years the exports of Madagascar to Peru have decreased at an annualized rate of 13%, from $2.38M in 2018 to $1.19M in 2023.

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

Peru-Madagascar Trade: In 2023, Peru exported $11.6k to Madagascar. The main products that Peru exported to Madagascar were N/A. Over the past 5 years the exports of Peru to Madagascar have increased at an annualized rate of 0.62%, from $11.2k in 2018 to $11.6k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $1.19M to Peru. The main products exported from Madagascar to Peru were Cloves ($878k), Non-Knit Men's Shirts ($93k), and Knit Sweaters ($86.4k). During the last 5 years the exports of Madagascar to Peru have decreased at an annualized rate of 13%, from $2.38M in 2018 to $1.19M in 2023.

In 2018, Peru exported $11.6k to Madagascar. There were not main exports from Peru to Madagascar in 2018. During the last 5 years the exports of Peru to Madagascar have increased at an annualized rate of 0.62%, from $11.2k in 2023 to $11.6k in 2018.

Exports from Madagascar () to Peru () (2023)

Exports from Peru () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Peru ()

Madagascar Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Madagascar than Peru included France ($641M), South Africa ($161M), and Indonesia ($165M).

In 2023, countries that imported more from Peru than Madagascar included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Madagascar - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Peru in the exports of Vegetable Products ($878k), Textiles ($275k), and Machines ($17.3k).

During 2018, Peru had a large net trade with Madagascar in the exports of Textiles ($11.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Peru+$184kNon-Knit Men's Shirts

Top Product Potential Peru Madagascar+$4.3kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Peru () (2023)

Exports from Peru () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Peru ()

Madagascar Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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