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2022
Flag → Flag
Exports $80.5MRnk 85 / 215
2022
Flag → Flag
Top Product $64.2MRefined Petroleum
2022
Flag → Flag
Exports $91.5MRnk 13 / 157
2022
Flag → Flag
Top Product $81.7MCloves
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Singapore-Madagascar Trade: In 2022, Singapore exported $80.5M to Madagascar. The main products that Singapore exported to Madagascar were Refined Petroleum ($64.2M), Uncoated Paper ($2.49M), and Passenger and Cargo Ships ($1.05M). Over the past 5 years the exports of Singapore to Madagascar have increased at an annualized rate of 44.6%, from $12.8M in 2017 to $80.5M in 2022.

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

Madagascar-Singapore Trade: In 2022, Madagascar exported $91.5M to Singapore. The main products that Madagascar exported to Singapore were Cloves ($81.7M), Essential Oils ($3.34M), and Ethers ($2.23M). Over the past 5 years the exports of Madagascar to Singapore have increased at an annualized rate of 0.77%,  from $88.1M in 2017 to $91.5M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $80.5M to Madagascar. The main products exported from Singapore to Madagascar were Refined Petroleum ($64.2M), Uncoated Paper ($2.49M), and Passenger and Cargo Ships ($1.05M). During the last 5 years the exports of Singapore to Madagascar have increased at an annualized rate of 44.6%, from $12.8M in 2017 to $80.5M in 2022.

In 2017, Madagascar exported $91.5M to Singapore. The main products exported from Madagascar to Singapore were Cloves ($81.7M), Essential Oils ($3.34M), and Ethers ($2.23M). During the last 5 years the exports of Madagascar to Singapore have increased at an annualized rate of 0.77%, from $88.1M in 2022 to $91.5M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Madagascar (Flag)

Singapore Exports

Madagascar Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Singapore than Madagascar included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Madagascar than Singapore included Comoros ($7.03M), Central African Republic ($1M), and North Korea ($1.51k).

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

Comparative Advantage Singapore - Madagascar

Flow
Scale

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

During 2022, Singapore had a large net trade with Madagascar in the exports of Mineral Products ($64.2M), Machines ($5.15M), and Paper Goods ($2.82M).

During 2017, Madagascar had a large net trade with Singapore in the exports of Vegetable Products ($82.5M), Chemical Products ($6.09M), and Textiles ($1.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Madagascar+$37.6MRefined Petroleum
Top Product Potential Madagascar Singapore+N/AN/A

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

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

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