Nepal (NPL) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Nepal-Madagascar Trade: In 2022, Nepal exported $48.8k to Madagascar. The main products that Nepal exported to Madagascar were Aircraft Parts ($27.7k) and Locomotive Parts ($21.1k). Over the past 7 years the exports of Nepal to Madagascar have decreased at an annualized rate of 16.6%, from $173k in 2015 to $48.8k in 2022.

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

Madagascar-Nepal Trade: In 2022, Madagascar exported $457k to Nepal. The main products that Madagascar exported to Nepal were Cloves ($215k), Dried Legumes ($205k), and Twine and Rope ($36.1k). Over the past 7 years the exports of Madagascar to Nepal have increased at an annualized rate of 1.86%, from $360k in 2015 to $457k in 2022.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $48.8k to Madagascar. The main products exported from Nepal to Madagascar were Aircraft Parts ($27.7k) and Locomotive Parts ($21.1k). During the last 7 years the exports of Nepal to Madagascar have decreased at an annualized rate of 16.6%, from $173k in 2015 to $48.8k in 2022.

In 2017, Madagascar exported $457k to Nepal. The main products exported from Madagascar to Nepal were Cloves ($215k), Dried Legumes ($205k), and Twine and Rope ($36.1k). During the last 5 years the exports of Madagascar to Nepal have increased at an annualized rate of 1.86%, from $360k in 2022 to $457k in 2017.

Exports from Nepal () to Madagascar () (2022)

Exports from Madagascar () to Nepal () (2022)

Latest Data

Trade between Nepal () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Nepal than Madagascar included India ($956M), Central African Republic ($8.88M), and Turkey ($28.3M).

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

Difference in imports from Madagascar () and Nepal () (2022)

Comparative Advantage Nepal - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Madagascar in the exports of Transportation ($48.8k).

During 2017, Madagascar had a large net trade with Nepal in the exports of Vegetable Products ($420k), Textiles ($37k), and Instruments ($417).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Madagascar+$2.31kPalm Oil

Top Product Potential Madagascar Nepal+$283kDried 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Madagascar () (2022)

Exports from Madagascar () to Nepal () (2022)

Latest Data

Trade between Nepal () and Madagascar ()

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Nepal () (2022)

Comparative Advantage Nepal - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Madagascar () (2022)

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