Romania (ROU) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Romania-Madagascar Trade: In 2022, Romania exported $5.93M to Madagascar. The main products that Romania exported to Madagascar were Cars ($3.48M), Nickel Sheets ($774k), and Electrical Power Accessories ($374k). Over the past 5 years the exports of Romania to Madagascar have decreased at an annualized rate of 1.24%, from $6.32M in 2017 to $5.93M in 2022.

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

Madagascar-Romania Trade: In 2022, Madagascar exported $2M to Romania. The main products that Madagascar exported to Romania were Precious Stones ($1.27M), Vanilla ($333k), and Non-Knit Women's Shirts ($231k). Over the past 5 years the exports of Madagascar to Romania have decreased at an annualized rate of 1.77%, from $2.19M in 2017 to $2M in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $5.93M to Madagascar. The main products exported from Romania to Madagascar were Cars ($3.48M), Nickel Sheets ($774k), and Electrical Power Accessories ($374k). During the last 5 years the exports of Romania to Madagascar have decreased at an annualized rate of 1.24%, from $6.32M in 2017 to $5.93M in 2022.

In 2017, Madagascar exported $2M to Romania. The main products exported from Madagascar to Romania were Precious Stones ($1.27M), Vanilla ($333k), and Non-Knit Women's Shirts ($231k). During the last 5 years the exports of Madagascar to Romania have decreased at an annualized rate of 1.77%, from $2.19M in 2022 to $2M in 2017.

Exports from Romania () to Madagascar () (2022)

Exports from Madagascar () to Romania () (2022)

Latest Data

Trade between Romania () and Madagascar ()

Romania Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Romania than Madagascar included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Madagascar than Romania included Indonesia ($147M), Mauritius ($44.7M), and Comoros ($7.03M).

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

Comparative Advantage Romania - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Madagascar in the exports of Transportation ($3.48M), Metals ($1.41M), and Machines ($566k).

During 2017, Madagascar had a large net trade with Romania in the exports of Precious Metals ($1.27M), Vegetable Products ($448k), and Textiles ($252k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Madagascar+$1.96MCars

Top Product Potential Madagascar Romania+$205kNon-Knit Women'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 Romania and Madagascar. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Romania.

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Madagascar () (2022)

Exports from Madagascar () to Romania () (2022)

Latest Data

Trade between Romania () and Madagascar ()

Romania Exports

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Romania - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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