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2022
Flag → Flag
Exports $24.3MRnk 21 / 157
2022
Flag → Flag
Top Product $11.3MGround Nuts
2022
Flag → Flag
Exports $52.7MRnk 106 / 152
2022
Flag → Flag
Top Product $18.7MOther Large Iron Pipes
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Madagascar-Vietnam Trade: In 2022, Madagascar exported $24.3M to Vietnam. The main products that Madagascar exported to Vietnam were Ground Nuts ($11.3M), Dried Legumes ($8.09M), and Cloves ($3.4M). Over the past 5 years the exports of Madagascar to Vietnam have decreased at an annualized rate of 16.2%, from $58.8M in 2017 to $24.3M in 2022.

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

Vietnam-Madagascar Trade: In 2022, Vietnam exported $52.7M to Madagascar. The main products that Vietnam exported to Madagascar were Other Large Iron Pipes ($18.7M), Cement ($8.36M), and Mixed Mineral or Chemical Fertilizers ($6.45M). Over the past 5 years the exports of Vietnam to Madagascar have increased at an annualized rate of 17.6%,  from $19.9M in 2017 to $52.7M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $24.3M to Vietnam. The main products exported from Madagascar to Vietnam were Ground Nuts ($11.3M), Dried Legumes ($8.09M), and Cloves ($3.4M). During the last 5 years the exports of Madagascar to Vietnam have decreased at an annualized rate of 16.2%, from $58.8M in 2017 to $24.3M in 2022.

In 2017, Vietnam exported $52.7M to Madagascar. The main products exported from Vietnam to Madagascar were Other Large Iron Pipes ($18.7M), Cement ($8.36M), and Mixed Mineral or Chemical Fertilizers ($6.45M). During the last 5 years the exports of Vietnam to Madagascar have increased at an annualized rate of 17.6%, from $19.9M in 2022 to $52.7M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Vietnam (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Madagascar than Vietnam included Comoros ($7.03M), Zimbabwe ($2.95M), and Malawi ($3.29M).

In 2022, countries that imported more from Vietnam than Madagascar included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Madagascar - Vietnam

Flow
Scale

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

During 2022, Madagascar had a large net trade with Vietnam in the exports of Vegetable Products ($23.9M), Mineral Products ($134k), and Textiles ($94.9k).

During 2017, Vietnam had a large net trade with Madagascar in the exports of Metals ($20.6M), Chemical Products ($9.25M), and Mineral Products ($8.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Vietnam+$1.01MDried Legumes
Top Product Potential Vietnam Madagascar+$737kElectric Batteries

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

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

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