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Pricing

2022
Flag → Flag
Exports $1.2MRnk 124 / 138
2022
Flag → Flag
Top Product $353kEthylene Polymers
2022
Flag → Flag
Exports $1.99MRnk 53 / 157
2022
Flag → Flag
Top Product $1.35MCloves
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Russia-Madagascar Trade: In 2022, Russia exported $1.2M to Madagascar. The main products that Russia exported to Madagascar were Ethylene Polymers ($353k), Seed Oils ($305k), and Wheat Flours ($135k). Over the past 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 15.9%, from $2.85M in 2017 to $1.2M in 2022.

In 2020, Russia exported services to Madagascar worth $301k, with Communications services ($154k), Transportation ($119k), and Other business services ($23k) being the largest in terms of value.

Madagascar-Russia Trade: In 2022, Madagascar exported $1.99M to Russia. The main products that Madagascar exported to Russia were Cloves ($1.35M), Planes, Helicopters, and/or Spacecraft ($200k), and Mica ($147k). Over the past 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 22.6%,  from $9.26M in 2017 to $1.99M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $122k and imported $2.74M from Madagascar, resulting in a negative trade balance of $2.62M. Between January 2021 and January 2022 the exports of Russia have decreased by $-8.29M (-98.5%) from $8.41M to $122k, while imports increased by $1.47M (116%) from $1.27M to $2.74M.

Trade In January 2022, the top exports of Russia to Madagascar were Wheat ($8.2M), Refined Petroleum ($130k), Cellulose Fibers Paper ($57.1k), Other Inedible Animal Products ($26k), and Gas and Liquid Flow Measuring Instruments ($266). In January 2022 the top imports of Russia from Madagascar were Other Fruits ($919k), Mica ($105k), Basketwork ($38.2k), Knit Sweaters ($29.6k), and Non-Knit Women's Shirts ($22.6k).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($92.9k) and LENINGRAD REGION ($29.1k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($998k), MOSCOW REGION ($837k), ST. PETERSBURG ($457k), KRASNODAR TERRITORY ($329k), and NIZHNY NOVGOROD REGION ($101k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Non-Knit Women's Coats ($18.4k or 1.11k%), Knit T-shirts ($7.99k or 561%), and Other Women's Undergarments ($6.72k or 372%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-8.29M(-98.5%)
IMPORT GROWTH (January 2021 - January 2022)$1.47M(116%)
MAIN EXPORTER (January 2022)KRASNODAR TERRITORY$92.9k

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.2M to Madagascar. The main products exported from Russia to Madagascar were Ethylene Polymers ($353k), Seed Oils ($305k), and Wheat Flours ($135k). During the last 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 15.9%, from $2.85M in 2017 to $1.2M in 2022.

In 2017, Madagascar exported $1.99M to Russia. The main products exported from Madagascar to Russia were Cloves ($1.35M), Planes, Helicopters, and/or Spacecraft ($200k), and Mica ($147k). During the last 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 22.6%, from $9.26M in 2022 to $1.99M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Russia than Madagascar included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Madagascar than Russia included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

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

Comparative Advantage Russia - Madagascar

Flow
Scale

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

During 2022, Russia had a large net trade with Madagascar in the exports of Plastics and Rubbers ($353k), Animal and Vegetable Bi-Products ($305k), and Paper Goods ($168k).

During 2017, Madagascar had a large net trade with Russia in the exports of Vegetable Products ($1.39M), Transportation ($200k), and Mineral Products ($197k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Madagascar+$365kEthylene Polymers
Top Product Potential Madagascar Russia+$501kCloves

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

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

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