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Pricing

2022
Flag → Flag
Exports $2MRnk 147 / 210
2022
Flag → Flag
Top Product $1.85MConcentrated Milk
2022
Flag → Flag
Exports $1.81MRnk 56 / 157
2022
Flag → Flag
Top Product $653kCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

New Zealand-Madagascar Trade: In 2022, New Zealand exported $2M to Madagascar. The main products that New Zealand exported to Madagascar were Concentrated Milk ($1.85M), Malt Extract ($103k), and Bovine, Sheep, and Goat Fat ($27.2k). Over the past 5 years the exports of New Zealand to Madagascar have decreased at an annualized rate of 7.54%, from $2.96M in 2017 to $2M in 2022.

In 2022, New Zealand did not export any services to Madagascar.

Madagascar-New Zealand Trade: In 2022, Madagascar exported $1.81M to New Zealand. The main products that Madagascar exported to New Zealand were Crustaceans ($653k), Vanilla ($183k), and Non-Knit Men's Shirts ($144k). Over the past 5 years the exports of Madagascar to New Zealand have increased at an annualized rate of 11.3%,  from $1.06M in 2017 to $1.81M in 2022.

In 2022, Madagascar did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $2M to Madagascar. The main products exported from New Zealand to Madagascar were Concentrated Milk ($1.85M), Malt Extract ($103k), and Bovine, Sheep, and Goat Fat ($27.2k). During the last 5 years the exports of New Zealand to Madagascar have decreased at an annualized rate of 7.54%, from $2.96M in 2017 to $2M in 2022.

In 2017, Madagascar exported $1.81M to New Zealand. The main products exported from Madagascar to New Zealand were Crustaceans ($653k), Vanilla ($183k), and Non-Knit Men's Shirts ($144k). During the last 5 years the exports of Madagascar to New Zealand have increased at an annualized rate of 11.3%, from $1.06M in 2022 to $1.81M in 2017.

Exports from New Zealand (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Madagascar (Flag)

New Zealand Exports

Madagascar Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from New Zealand than Madagascar included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

In 2022, countries that imported more from Madagascar than New Zealand included France ($634M), South Africa ($152M), and Kenya ($16.4M).

Difference in imports from Madagascar (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Madagascar

Flow
Scale

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

During 2022, New Zealand had a large net trade with Madagascar in the exports of Animal Products ($1.85M), Foodstuffs ($103k), and Animal and Vegetable Bi-Products ($27.2k).

During 2017, Madagascar had a large net trade with New Zealand in the exports of Textiles ($718k), Animal Products ($677k), and Vegetable Products ($183k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Madagascar+$428kConcentrated Milk
Top Product Potential Madagascar New Zealand+$435kCrustaceans

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

Product Space of New Zealand (Flag) and Madagascar (Flag) (2022)

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