Russia (RUS) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Madagascar (MDG) Trade

2022

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Exports $1.2MRnk 124 / 138

2022

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About

Russia-Madagascar In 2022, Russia exported $1.2M to Madagascar. The main products that Russia exported to Madagascar are Ethylene Polymers ($353k), Seed Oils ($305k), and Wheat Flours ($135k). During the last 27 years the exports of Russia to Madagascar have increased at an annualized rate of 1.59%, from $783k in 1995 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 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). During the last 27 years the exports of Madagascar to Russia have increased at an annualized rate of 4.19%, from $658k in 1995 to $1.99M in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Madagascar ranked 108 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Russia to Madagascar have increased at an annualized rate of 1.59%, from $783k in 1995 to $1.2M in 2022.

In 2022, 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 27 years the exports of Madagascar to Russia have increased at an annualized rate of 4.19%, from $658k in 1995 to $1.99M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Russia than Madagascar were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Madagascar than Russia were Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

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

Comparative Advantage Russia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Madagascar had a large net trade with Russia in the exports of Vegetable Products ($1.39M), Transportation ($200k), and Mineral Products ($197k).

Service Trade

Bilateral Service Trade

Rus Year

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.

Service trade data is presented based on availability.

Services Exports from Russia () to Madagascar () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Madagascar. Similarly, the more yellow a dot/product is, the more Madagascar has comparative advantage over Russia.

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

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