Madagascar (MDG) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Madagascar-Uruguay Trade: In 2023, Madagascar exported $121k to Uruguay. The main products that Madagascar exported to Uruguay were Non-Knit Men's Shirts ($43k), Knit Sweaters ($42.9k), and Non-Knit Women's Suits ($7.44k). Over the past 5 years the exports of Madagascar to Uruguay have decreased at an annualized rate of 2.21%, from $135k in 2018 to $121k in 2023.

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

Uruguay-Madagascar Trade: In 2023, Uruguay exported $494k to Madagascar. The main products that Uruguay exported to Madagascar were Concentrated Milk ($282k), Bovine, Sheep, and Goat Fat ($153k), and Raw Plastic Sheeting ($33k). Over the past 5 years the exports of Uruguay to Madagascar have increased at an annualized rate of 64.5%, from $41k in 2018 to $494k in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $121k to Uruguay. The main products exported from Madagascar to Uruguay were Non-Knit Men's Shirts ($43k), Knit Sweaters ($42.9k), and Non-Knit Women's Suits ($7.44k). During the last 5 years the exports of Madagascar to Uruguay have decreased at an annualized rate of 2.21%, from $135k in 2018 to $121k in 2023.

In 2018, Uruguay exported $494k to Madagascar. The main products exported from Uruguay to Madagascar were Concentrated Milk ($282k), Bovine, Sheep, and Goat Fat ($153k), and Raw Plastic Sheeting ($33k). During the last 5 years the exports of Uruguay to Madagascar have increased at an annualized rate of 64.5%, from $41k in 2023 to $494k in 2018.

Exports from Madagascar () to Uruguay () (2023)

Exports from Uruguay () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Uruguay ()

Madagascar Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Madagascar than Uruguay included France ($641M), Japan ($345M), and South Korea ($271M).

In 2023, countries that imported more from Uruguay than Madagascar included China ($2.34B), Brazil ($1.92B), and Argentina ($569M).

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

Comparative Advantage Madagascar - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Uruguay in the exports of Textiles ($102k), Vegetable Products ($9.34k), and Wood Products ($7.37k).

During 2018, Uruguay had a large net trade with Madagascar in the exports of Animal Products ($282k), Animal and Vegetable Bi-Products ($153k), and Plastics and Rubbers ($33k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Uruguay+$86.8kNon-Knit Men's Shirts

Top Product Potential Uruguay Madagascar+$187kConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Uruguay () (2023)

Exports from Uruguay () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Uruguay ()

Madagascar Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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