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Pricing

2023
Flag → Flag
Exports $82.9kRnk 136 / 159
2023
Flag → Flag
Top Product $31.8kComputers
2023
Flag → Flag
Exports $4.25MRnk 44 / 156
2023
Flag → Flag
Top Product $3.51MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Nigeria-Madagascar Trade: In 2023, Nigeria exported $82.9k to Madagascar. The main products that Nigeria exported to Madagascar were Computers ($31.8k), Mill Machinery ($31.6k), and Motor vehicles; parts and accessories (8701 to 8705) ($12.4k). Over the past 5 years the exports of Nigeria to Madagascar have increased at an annualized rate of 31.6%, from $21k in 2018 to $82.9k in 2023.

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

Madagascar-Nigeria Trade: In 2023, Madagascar exported $4.25M to Nigeria. The main products that Madagascar exported to Nigeria were Tanned Equine and Bovine Hides ($3.51M), Dried Legumes ($367k), and Cloves ($246k). Over the past 5 years the exports of Madagascar to Nigeria have increased at an annualized rate of 28.9%,  from $1.19M in 2018 to $4.25M in 2023.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $82.9k to Madagascar. The main products exported from Nigeria to Madagascar were Computers ($31.8k), Mill Machinery ($31.6k), and Motor vehicles; parts and accessories (8701 to 8705) ($12.4k). During the last 5 years the exports of Nigeria to Madagascar have increased at an annualized rate of 31.6%, from $21k in 2018 to $82.9k in 2023.

In 2018, Madagascar exported $4.25M to Nigeria. The main products exported from Madagascar to Nigeria were Tanned Equine and Bovine Hides ($3.51M), Dried Legumes ($367k), and Cloves ($246k). During the last 5 years the exports of Madagascar to Nigeria have increased at an annualized rate of 28.9%, from $1.19M in 2023 to $4.25M in 2018.

Exports from Nigeria (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Nigeria than Madagascar included Spain ($5.76B), United States ($6.29B), and Netherlands ($4.35B).

In 2023, countries that imported more from Madagascar than Nigeria included Mauritius ($46.5M), Kenya ($12.4M), and Comoros ($7.69M).

Difference in imports from Madagascar (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Madagascar

Flow
Scale

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

During 2023, Nigeria had a large net trade with Madagascar in the exports of Machines ($69.6k), Transportation ($12.4k), and Instruments ($270).

During 2018, Madagascar had a large net trade with Nigeria in the exports of Animal Hides ($3.51M), Vegetable Products ($613k), and Textiles ($102k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Madagascar+$41.5kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Madagascar Nigeria+$389kDried Legumes

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

Product Space of Nigeria (Flag) and Madagascar (Flag) (2023)

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