2023
Exports
$628kWorld Rnk 142 / 210
Flag Rnk 152 / 810
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$78.6MWorld Rnk 148 / 225
Flag Rnk 8 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $628k in Cars, making it the 142nd largest exporter of Cars in the world. At the same year, Cars was the 152nd most exported product in Madagascar. The main destination of Cars exports from Madagascar are: United States ($197k), Republic of the Congo ($87.9k), Ethiopia ($62.6k), France ($55.8k), and Togo ($32.7k).

The fastest growing export markets for Cars of Madagascar between 2022 and 2023 were United States ($178k), Republic of the Congo ($87.9k), and Ethiopia ($62.6k).

Imports In 2023, Madagascar imported $78.6M in Cars, becoming the 148th largest importer of Cars in the world. At the same year, Cars was the 8th most imported product in Madagascar. Madagascar imports Cars primarily from: Belgium ($21.6M), South Korea ($18.6M), South Africa ($6.86M), China ($4.88M), and India ($4.15M).

The fastest growing import markets in Cars for Madagascar between 2022 and 2023 were Belgium ($7.76M), South Korea ($6.31M), and South Africa ($3.24M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$628k
IMPORTS (2023)$78.6M
NET TRADE (2023)-$78M

In 2023, Madagascar exported $628k in Cars. The main destinations of Madagascar exports on Cars were United States ($197k), Republic of the Congo ($87.9k), Ethiopia ($62.6k), France ($55.8k), and Togo ($32.7k).

In 2023, Madagascar imported $78.6M in Cars, mainly from Belgium ($21.6M), South Korea ($18.6M), South Africa ($6.86M), China ($4.88M), and India ($4.15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
United States$178k (956%)
Ethiopia$62.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Madagascar WERE (2022 - 2023):
Belgium-$66.1k (-71.7%)
Comoros-$14.1k (-36.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Madagascar's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $197k
TOP IMPORT POTENTIALChina+ $8.7M

Cars’s highest export potential is Belgium. With an export gap of $197k.   Cars’s highest import potential is China with an import gap of $8.7M.

See methodology.

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