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Pricing

2022
Flag → Flag
Exports $5.24MRnk 135 / 208
2022
Flag → Flag
Top Product $950kIron Structures
2022
Flag → Flag
Exports $9.93MRnk 28 / 157
2022
Flag → Flag
Top Product $2.57MDried Legumes
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Portugal-Madagascar Trade: In 2022, Portugal exported $5.24M to Madagascar. The main products that Portugal exported to Madagascar were Iron Structures ($950k), Iron Blocks ($720k), and Kraft Paper ($430k). Over the past 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 19.4%, from $15.4M in 2017 to $5.24M in 2022.

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

Madagascar-Portugal Trade: In 2022, Madagascar exported $9.93M to Portugal. The main products that Madagascar exported to Portugal were Dried Legumes ($2.57M), Non-Knit Men's Suits ($2.53M), and Non-Knit Active Wear ($1.52M). Over the past 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 1.27%,  from $10.6M in 2017 to $9.93M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €125k and imported €3.07M from Madagascar, resulting in a negative trade balance of €2.95M. Between September 2023 and September 2024 the exports of Portugal have decreased by €-784k (-86.3%) from €909k to €125k, while imports increased by €2.29M (293%) from €782k to €3.07M.

Trade In September 2024, the top exports of Portugal to Madagascar were Paper articles (€105k), Electrical machinery and electronics (€33.7k), Iron/Steel Articles (€6.59k), Cars, tractors, trucks & parts thereof. (€5.83k), and Cotton (€5.59k). In September 2024 the top imports of Portugal from Madagascar were Non-knitted clothing accesories (€516k), Edible vegetables, roots, & tubers (€309k), Fish, Crustaceans & Molluscs (€181k), Knitted clothing accesories (€63k), and Vegetable plaiting materials & products, n.e.s. (€25.3k).

Growth In September 2024, the decrease in Portugal's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-140k or -80.6%), Railway and trams (€-57.7k or -100%), and Plastics & articles thereof (€-49.2k or -100%). In September 2024, the increase in Portugal's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Non-knitted clothing accesories (€177k or 52%), Fish, Crustaceans & Molluscs (€172k or 1.86k%), and Edible vegetables, roots, & tubers (€65.4k or 26.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€-784k(-86.3%)
IMPORT GROWTH (September 2023 - September 2024)€2.29M(293%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Madagascar and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $5.24M to Madagascar. The main products exported from Portugal to Madagascar were Iron Structures ($950k), Iron Blocks ($720k), and Kraft Paper ($430k). During the last 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 19.4%, from $15.4M in 2017 to $5.24M in 2022.

In 2017, Madagascar exported $9.93M to Portugal. The main products exported from Madagascar to Portugal were Dried Legumes ($2.57M), Non-Knit Men's Suits ($2.53M), and Non-Knit Active Wear ($1.52M). During the last 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 1.27%, from $10.6M in 2022 to $9.93M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Portugal than Madagascar included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Madagascar than Portugal included Japan ($448M), Indonesia ($147M), and Mauritius ($44.7M).

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

Comparative Advantage Portugal - Madagascar

Flow
Scale

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

During 2022, Portugal had a large net trade with Madagascar in the exports of Metals ($1.98M), Plastics and Rubbers ($642k), and Machines ($609k).

During 2017, Madagascar had a large net trade with Portugal in the exports of Textiles ($5.06M), Vegetable Products ($2.68M), and Foodstuffs ($1.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Madagascar+$329kIron Structures
Top Product Potential Madagascar Portugal+$1.78MNon-Knit Men's Suits

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

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

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