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2022
Flag → Flag
Exports $315MRnk 50 / 214
2022
Flag → Flag
Top Product $124MCoal Briquettes
2022
Flag → Flag
Exports $152MRnk 7 / 157
2022
Flag → Flag
Top Product $35MKnit T-shirts
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
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GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

South Africa-Madagascar Trade: In 2022, South Africa exported $315M to Madagascar. The main products that South Africa exported to Madagascar were Coal Briquettes ($124M), Delivery Trucks ($15.8M), and Refined Petroleum ($10.2M). Over the past 5 years the exports of South Africa to Madagascar have increased at an annualized rate of 8.67%, from $208M in 2017 to $315M in 2022.

In 2022, South Africa did not export any services to Madagascar.

Madagascar-South Africa Trade: In 2022, Madagascar exported $152M to South Africa. The main products that Madagascar exported to South Africa were Knit T-shirts ($35M), Knit Sweaters ($20.5M), and Non-Knit Men's Suits ($11.9M). Over the past 5 years the exports of Madagascar to South Africa have increased at an annualized rate of 7.35%,  from $107M in 2017 to $152M in 2022.

In 2022, Madagascar did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

July, 2024

About

Overview In July 2024, South Africa exported ZAR241M and imported ZAR498M from Madagascar, resulting in a negative trade balance of ZAR257M. Between July 2023 and July 2024 the exports of South Africa have increased by ZAR68.9M (40.1%) from ZAR172M to ZAR241M, while imports increased by ZAR265M (114%) from ZAR233M to ZAR498M.

Trade In July 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 July 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 July 2024 the exports of South Africa were mainly from Durban (ZAR104M), Komatipoort (ZAR46.7M), Johannesburg (ZAR35.9M), O.R. Tambo Int Airport (ZAR18.1M), and Port Elizabeth (ZAR11.2M), while imports destinations were mainly Durban (ZAR262M), Cape Town (ZAR210M), Cape Town Int Airport (ZAR15M), O.R. Tambo Int Airport (ZAR10.9M), and Johannesburg (ZAR384k).

Growth In July 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 July 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 (July 2023 - July 2024)ZAR68.9M(40.1%)
IMPORT GROWTH (July 2023 - July 2024)ZAR265M(114%)
MAIN EXPORTER (July 2024)DurbanZAR104M

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.

Explore Madagascar and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $315M to Madagascar. The main products exported from South Africa to Madagascar were Coal Briquettes ($124M), Delivery Trucks ($15.8M), and Refined Petroleum ($10.2M). During the last 5 years the exports of South Africa to Madagascar have increased at an annualized rate of 8.67%, from $208M in 2017 to $315M in 2022.

In 2017, Madagascar exported $152M to South Africa. The main products exported from Madagascar to South Africa were Knit T-shirts ($35M), Knit Sweaters ($20.5M), and Non-Knit Men's Suits ($11.9M). During the last 5 years the exports of Madagascar to South Africa have increased at an annualized rate of 7.35%, from $107M in 2022 to $152M in 2017.

Exports from South Africa (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Madagascar
Top DestinationUnited States$756M

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 2022, countries that imported more from South Africa than Madagascar included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

In 2022, countries that imported more from Madagascar than South Africa included Comoros ($7.03M) and Turks and Caicos Islands ($322k).

Difference in imports from Madagascar (Flag) and South Africa (Flag) (2022)

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 2022, South Africa had a large net trade with Madagascar in the exports of Mineral Products ($135M), Machines ($54.9M), and Transportation ($28.3M).

During 2017, Madagascar had a large net trade with South Africa in the exports of Textiles ($131M), Metals ($8.5M), and Chemical Products ($8.43M).

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) (2022)

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