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2023
Flag → Flag
Exports $263MRnk 52 / 211
2023
Flag → Flag
Top Product $60.7MCoal Briquettes
2023
Flag → Flag
Exports $161MRnk 9 / 156
2023
Flag → Flag
Top Product $45.5MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
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Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
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GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
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 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
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GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
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GDP PC $6,023CURRENT US$
Rnk 113 / 195
2013-2023
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GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195
2023
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GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
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GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

South Africa-Madagascar Trade: In 2023, South Africa exported $263M to Madagascar. The main products that South Africa exported to Madagascar were Coal Briquettes ($60.7M), Delivery Trucks ($20.5M), and Refined Petroleum ($11.4M). Over the past 5 years the exports of South Africa to Madagascar have decreased at an annualized rate of 0.076%, from $264M in 2018 to $263M in 2023.

In 2023, South Africa did not export any services to Madagascar.

Madagascar-South Africa Trade: In 2023, Madagascar exported $161M to South Africa. The main products that Madagascar exported to South Africa were Knit T-shirts ($45.5M), Non-Knit Men's Suits ($21.6M), and Knit Sweaters ($20.1M). Over the past 5 years the exports of Madagascar to South Africa have increased at an annualized rate of 2.16%,  from $144M in 2018 to $161M in 2023.

In 2023, Madagascar did not export any services to South Africa.

Comparison: In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

November, 2024

About

Overview In November 2024, South Africa exported ZAR229M and imported ZAR192M from Madagascar, resulting in a positive trade balance of ZAR36.9M. Between November 2023 and November 2024 the exports of South Africa have increased by ZAR1.63M (0.72%) from ZAR227M to ZAR229M, while imports increased by ZAR27.6M (16.8%) from ZAR164M to ZAR192M.

Trade In November 2024, the top exports of South Africa to Madagascar were Delivery Trucks (ZAR22.1M), Refined Petroleum (ZAR13.2M), Computers (ZAR9.8M), Raw Sugar (ZAR9.73M), and Stone Processing Machines (ZAR9.34M). In November 2024 the top imports of South Africa from Madagascar were Knit Sweaters (ZAR65.7M), Knit T-shirts (ZAR55.8M), Non-Knit Men's Suits (ZAR21.5M), Knit Women's Suits (ZAR19.5M), and Knit Men's Shirts (ZAR18.9M).

Origins In November 2024 the exports of South Africa were mainly from Durban (ZAR124M), Komatipoort (ZAR36.3M), Johannesburg (ZAR34.5M), O.R. Tambo Int Airport (ZAR21.9M), and Cape Town (ZAR7.99M), while imports destinations were mainly Cape Town (ZAR88.9M), Durban (ZAR75.9M), Cape Town Int Airport (ZAR18.9M), O.R. Tambo Int Airport (ZAR3.8M), and King Shaka Int Airport (ZAR2.71M).

Growth In November 2024, the increase in South Africa's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Delivery Trucks (ZAR10.8M or 95.6%), Computers (ZAR9.61M or 4.95k%), and Raw Sugar (ZAR7.71M or 382%). In November 2024, the increase in South Africa's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Knit Sweaters (ZAR14.5M or 28.5%), Non-Knit Men's Suits (ZAR9.92M or 85.5%), and Knit T-shirts (ZAR6.61M or 13.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)ZAR1.63M(0.72%)
IMPORT GROWTH (November 2023 - November 2024)ZAR27.6M(16.8%)
MAIN EXPORTER (November 2024)DurbanZAR124M

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

To check Madagascar and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $263M to Madagascar. The main products exported from South Africa to Madagascar were Coal Briquettes ($60.7M), Delivery Trucks ($20.5M), and Refined Petroleum ($11.4M). During the last 5 years the exports of South Africa to Madagascar have decreased at an annualized rate of 0.076%, from $264M in 2018 to $263M in 2023.

In 2018, Madagascar exported $161M to South Africa. The main products exported from Madagascar to South Africa were Knit T-shirts ($45.5M), Non-Knit Men's Suits ($21.6M), and Knit Sweaters ($20.1M). During the last 5 years the exports of Madagascar to South Africa have increased at an annualized rate of 2.16%, from $144M in 2023 to $161M in 2018.

Exports from South Africa (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top DestinationChina$29.5B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from South Africa than Madagascar included China ($29.5B), United States ($13B), and India ($10.8B).

In 2023, countries that imported more from Madagascar than South Africa included France ($641M), Comoros ($7.69M), and Afghanistan ($2.72M).

Difference in imports from Madagascar (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Madagascar

Flow
Scale

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

During 2023, South Africa had a large net trade with Madagascar in the exports of Mineral Products ($73.5M), Machines ($61.7M), and Transportation ($37.3M).

During 2018, Madagascar had a large net trade with South Africa in the exports of Textiles ($151M), Chemical Products ($4.11M), and Vegetable Products ($2.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Madagascar+$6.07MRefined Petroleum
Top Product Potential Madagascar South Africa+$4.19MNon-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 South Africa and Madagascar. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over South Africa.

Product Space of South Africa (Flag) and Madagascar (Flag) (2023)

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