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2023
Flag → Flag
Exports $104kRnk 123 / 156
2023
Flag → Flag
Top Product $54kVegetable Plaiting Materials
2023
Flag → Flag
Exports $305Rnk 105 / 110
2023
Flag → Flag
Top Product $305Other Animals
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$14.1BCURRENT US$
Rnk 140 / 195
2013-2023
Flag
GDP GROWTH80.3%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$1,010CURRENT US$
Rnk 176 / 196
2013-2023
Flag
GDP PC GROWTH43.3%CURRENT US$
Rnk 55 / 195

About

Madagascar-Rwanda Trade: In 2023, Madagascar exported $104k to Rwanda. The main products that Madagascar exported to Rwanda were Vegetable Plaiting Materials ($54k), Refined Petroleum ($37.8k), and Rubber Footwear ($10.8k). Over the past 5 years the exports of Madagascar to Rwanda have decreased at an annualized rate of 44.3%, from $1.95M in 2018 to $104k in 2023.

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

Rwanda-Madagascar Trade: In 2023, Rwanda exported $305 to Madagascar. The main products that Rwanda exported to Madagascar were Other Animals ($305). Over the past 5 years the exports of Rwanda to Madagascar have decreased at an annualized rate of 19.5%,  from $1.12k in 2018 to $305 in 2023.

In 2023, Rwanda 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, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $104k to Rwanda. The main products exported from Madagascar to Rwanda were Vegetable Plaiting Materials ($54k), Refined Petroleum ($37.8k), and Rubber Footwear ($10.8k). During the last 5 years the exports of Madagascar to Rwanda have decreased at an annualized rate of 44.3%, from $1.95M in 2018 to $104k in 2023.

In 2018, Rwanda exported $305 to Madagascar. The main products exported from Rwanda to Madagascar were Other Animals ($305). During the last 5 years the exports of Rwanda to Madagascar have decreased at an annualized rate of 19.5%, from $1.12k in 2023 to $305 in 2018.

Exports from Madagascar (Flag) to Rwanda (Flag) (2023)

Exports from Rwanda (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Rwanda (Flag)

Madagascar Exports

Rwanda Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Rwanda
Top DestinationUnited Arab Emirates$895M

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

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

In 2023, countries that imported more from Rwanda than Madagascar included United Arab Emirates ($895M), Pakistan ($26.8M), and Kenya ($34.5M).

Difference in imports from Rwanda (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Rwanda

Flow
Scale

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

During 2023, Madagascar had a large net trade with Rwanda in the exports of Vegetable Products ($54k), Mineral Products ($37.8k), and Footwear and Headwear ($10.8k).

During 2018, Rwanda had a large net trade with Madagascar in the exports of Animal Products ($305).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Rwanda+$54.3kRefined Petroleum
Top Product Potential Rwanda Madagascar+$1.55kMalt Extract

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

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

Product Space of Madagascar (Flag) and Rwanda (Flag) (2023)

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