2022
Exports
$133kWorld Rnk 138 / 219
Flag Rnk 247 / 803
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$7.43MWorld Rnk 148 / 224
Flag Rnk 135 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $133k in Electrical Control Boards, making it the 138th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 247th most exported product in Madagascar. The main destination of Electrical Control Boards exports from Madagascar are: South Korea ($68k), United Arab Emirates ($57k), France ($5.71k), South Africa ($1.79k), and Germany ($232).

The fastest growing export markets for Electrical Control Boards of Madagascar between 2021 and 2022 were South Korea ($68k), South Africa ($1.7k), and Hungary ($108).

Imports In 2022, Madagascar imported $7.43M in Electrical Control Boards, becoming the 148th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 135th most imported product in Madagascar. Madagascar imports Electrical Control Boards primarily from: China ($2.9M), France ($1.03M), Belgium ($497k), South Africa ($466k), and Germany ($438k).

The fastest growing import markets in Electrical Control Boards for Madagascar between 2021 and 2022 were China ($828k), Burundi ($343k), and Germany ($284k).

Latest Trends

Nov 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 Electrical Control Boards. 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 (2022)$133k
IMPORTS (2022)$7.43M
NET TRADE (2022)-$7.29M

In 2022, Madagascar exported $133k in Electrical Control Boards. The main destinations of Madagascar exports on Electrical Control Boards were South Korea ($68k), United Arab Emirates ($57k), France ($5.71k), South Africa ($1.79k), and Germany ($232).

In 2022, Madagascar imported $7.43M in Electrical Control Boards, mainly from China ($2.9M), France ($1.03M), Belgium ($497k), South Africa ($466k), and Germany ($438k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
South Korea$68k (1%)
South Africa$1.7k (1.73k%)
Hungary$108 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Madagascar WERE (2021 - 2022):
United States-$31.4k (-100%)
France-$4.99k (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Madagascar's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $80.3k
TOP IMPORT POTENTIALChina+ $1.58M

Electrical Control Boards’s highest export potential is South Korea. With an export gap of $80.3k.   Electrical Control Boards’s highest import potential is China with an import gap of $1.58M.

See methodology.

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