North Macedonia (MKD) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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North Macedonia-Madagascar Trade: In 2022, North Macedonia exported $756 to Madagascar. The main products that North Macedonia exported to Madagascar were Other Iron Products ($514) and Rolled Tobacco ($242). Over the past 5 years the exports of North Macedonia to Madagascar have decreased at an annualized rate of 0.37%, from $770 in 2017 to $756 in 2022.

In 2022, North Macedonia did not export any services to Madagascar.

Madagascar-North Macedonia Trade: In 2022, Madagascar exported $788k to North Macedonia. The main products that Madagascar exported to North Macedonia were Graphite ($728k), Non-Knit Men's Shirts ($20.9k), and Twine and Rope ($13.9k). Over the past 5 years the exports of Madagascar to North Macedonia have increased at an annualized rate of 72%, from $52.4k in 2017 to $788k in 2022.

In 2022, Madagascar did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $756 to Madagascar. The main products exported from North Macedonia to Madagascar were Other Iron Products ($514) and Rolled Tobacco ($242). During the last 5 years the exports of North Macedonia to Madagascar have decreased at an annualized rate of 0.37%, from $770 in 2017 to $756 in 2022.

In 2017, Madagascar exported $788k to North Macedonia. The main products exported from Madagascar to North Macedonia were Graphite ($728k), Non-Knit Men's Shirts ($20.9k), and Twine and Rope ($13.9k). During the last 5 years the exports of Madagascar to North Macedonia have increased at an annualized rate of 72%, from $52.4k in 2022 to $788k in 2017.

Exports from North Macedonia () to Madagascar () (2022)

Exports from Madagascar () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Madagascar ()

North Macedonia Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from North Macedonia than Madagascar included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Madagascar than North Macedonia included United States ($756M), France ($634M), and China ($538M).

Difference in imports from Madagascar () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Madagascar in the exports of Metals ($514) and Foodstuffs ($242).

During 2017, Madagascar had a large net trade with North Macedonia in the exports of Mineral Products ($728k), Textiles ($56.9k), and Vegetable Products ($2.34k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Madagascar+$2.55kRefined Petroleum

Top Product Potential Madagascar North Macedonia+$31.1kNon-Knit Men's Shirts

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

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Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Madagascar () (2022)

Exports from Madagascar () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Madagascar ()

North Macedonia Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Madagascar () (2022)

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