2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Mexico-Madagascar Trade: In 2022, Mexico exported $7.92M to Madagascar. The main products that Mexico exported to Madagascar were Other Locomotives ($4.08M), Railway Passenger Cars ($1.26M), and Raw Sugar ($737k). Over the past 5 years the exports of Mexico to Madagascar have increased at an annualized rate of 17.1%, from $3.6M in 2017 to $7.92M in 2022.

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

Madagascar-Mexico Trade: In 2022, Madagascar exported $5.24M to Mexico. The main products that Madagascar exported to Mexico were Non-Knit Men's Shirts ($2.24M), Cloves ($2.22M), and Non-Knit Women's Suits ($199k). Over the past 5 years the exports of Madagascar to Mexico have increased at an annualized rate of 22%,  from $1.94M in 2017 to $5.24M in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $7.92M to Madagascar. The main products exported from Mexico to Madagascar were Other Locomotives ($4.08M), Railway Passenger Cars ($1.26M), and Raw Sugar ($737k). During the last 5 years the exports of Mexico to Madagascar have increased at an annualized rate of 17.1%, from $3.6M in 2017 to $7.92M in 2022.

In 2017, Madagascar exported $5.24M to Mexico. The main products exported from Madagascar to Mexico were Non-Knit Men's Shirts ($2.24M), Cloves ($2.22M), and Non-Knit Women's Suits ($199k). During the last 5 years the exports of Madagascar to Mexico have increased at an annualized rate of 22%, from $1.94M in 2022 to $5.24M in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Madagascar (Flag)

Mexico Exports

Madagascar Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Madagascar
Top Destination
United States$756M

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

In 2022, countries that imported more from Mexico than Madagascar included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Madagascar than Mexico included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

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

Comparative Advantage Mexico - Madagascar

Flow
Scale

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

During 2022, Mexico had a large net trade with Madagascar in the exports of Transportation ($5.99M), Foodstuffs ($985k), and Machines ($645k).

During 2017, Madagascar had a large net trade with Mexico in the exports of Textiles ($2.9M), Vegetable Products ($2.27M), and Chemical Products ($70.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Madagascar+$854kCars
Top Product Potential Madagascar Mexico+$1.64MKnit Sweaters

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

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

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