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Pricing

2023
Flag → Flag
Exports $5.75MRnk 37 / 156
2023
Flag → Flag
Top Product $1.53MCloves
2023
Flag → Flag
Exports $32MRnk 98 / 182
2023
Flag → Flag
Top Product $9.1MSulphur
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Madagascar-Saudi Arabia Trade: In 2023, Madagascar exported $5.75M to Saudi Arabia. The main products that Madagascar exported to Saudi Arabia were Cloves ($1.53M), Non-Knit Women's Suits ($1.05M), and Dried Legumes ($568k). Over the past 5 years the exports of Madagascar to Saudi Arabia have decreased at an annualized rate of 10.6%, from $10M in 2018 to $5.75M in 2023.

In 2023, Madagascar did not export any services to Saudi Arabia.

Saudi Arabia-Madagascar Trade: In 2023, Saudi Arabia exported $32M to Madagascar. The main products that Saudi Arabia exported to Madagascar were Sulphur ($9.1M), Refined Petroleum ($6.51M), and Sulfur ($5.56M). Over the past 5 years the exports of Saudi Arabia to Madagascar have decreased at an annualized rate of 17.4%,  from $83M in 2018 to $32M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $5.75M to Saudi Arabia. The main products exported from Madagascar to Saudi Arabia were Cloves ($1.53M), Non-Knit Women's Suits ($1.05M), and Dried Legumes ($568k). During the last 5 years the exports of Madagascar to Saudi Arabia have decreased at an annualized rate of 10.6%, from $10M in 2018 to $5.75M in 2023.

In 2018, Saudi Arabia exported $32M to Madagascar. The main products exported from Saudi Arabia to Madagascar were Sulphur ($9.1M), Refined Petroleum ($6.51M), and Sulfur ($5.56M). During the last 5 years the exports of Saudi Arabia to Madagascar have decreased at an annualized rate of 17.4%, from $83M in 2023 to $32M in 2018.

Exports from Madagascar (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Saudi Arabia (Flag)

Madagascar Exports

Saudi Arabia Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Madagascar than Saudi Arabia included Mauritius ($46.5M), Comoros ($7.69M), and Seychelles ($2.59M).

In 2023, countries that imported more from Saudi Arabia than Madagascar included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Saudi Arabia

Flow
Scale

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

During 2023, Madagascar had a large net trade with Saudi Arabia in the exports of Vegetable Products ($3.23M), Textiles ($2.1M), and Wood Products ($123k).

During 2018, Saudi Arabia had a large net trade with Madagascar in the exports of Mineral Products ($15.9M), Chemical Products ($5.8M), and Plastics and Rubbers ($4.04M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Saudi Arabia+$949kCloves
Top Product Potential Saudi Arabia Madagascar+$2.74MEthylene Polymers

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

Product Space of Madagascar (Flag) and Saudi Arabia (Flag) (2023)

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