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Pricing

2022
Flag → Flag
Exports $35.9kRnk 131 / 157
2022
Flag → Flag
Top Product $27kCloves
2022
Flag → Flag
Exports $3.95kRnk 117 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Madagascar-Venezuela Trade: In 2022, Madagascar exported $35.9k to Venezuela. The main products that Madagascar exported to Venezuela were Cloves ($27k) and Pepper ($8.93k). Over the past 10 years the exports of Madagascar to Venezuela have decreased at an annualized rate of 35.6%, from $2.92M in 2012 to $35.9k in 2022.

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

Venezuela-Madagascar Trade: In 2022, Venezuela exported $3.95k to Madagascar. The main products that Venezuela exported to Madagascar were N/A. Over the past 10 years the exports of Venezuela to Madagascar have decreased at an annualized rate of 37.3%,  from $6.85M in 2012 to $3.95k in 2022.

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

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $35.9k to Venezuela. The main products exported from Madagascar to Venezuela were Cloves ($27k) and Pepper ($8.93k). During the last 10 years the exports of Madagascar to Venezuela have decreased at an annualized rate of 35.6%, from $2.92M in 2012 to $35.9k in 2022.

In 2015, Venezuela exported $3.95k to Madagascar. There were not main exports from Venezuela to Madagascar in 2015. During the last 5 years the exports of Venezuela to Madagascar have decreased at an annualized rate of 37.3%, from $6.85M in 2020 to $3.95k in 2015.

Exports from Madagascar (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Venezuela (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Madagascar than Venezuela included France ($634M), Japan ($448M), and United States ($756M).

In 2022, countries that imported more from Venezuela than Madagascar included Turkey ($597M), Spain ($518M), and Brazil ($361M).

Difference in imports from Venezuela (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Venezuela

Flow
Scale

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

During 2022, Madagascar had a large net trade with Venezuela in the exports of Vegetable Products ($35.9k).

During 2015, Venezuela had a large net trade with Madagascar in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Madagascar (Flag) and Venezuela (Flag) (2022)

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