2023
Exports
$170MWorld Rnk 34 / 221
Flag Rnk 5 / 810
2023
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.21Rnk 878 / 1025
2023
Imports
$2.47MWorld Rnk 160 / 225
Flag Rnk 256 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $170M in Non-Knit Men's Suits, making it the 34th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 5th most exported product in Madagascar. The main destination of Non-Knit Men's Suits exports from Madagascar are: United States ($90.5M), France ($35.5M), South Africa ($21.6M), United Kingdom ($3.7M), and Portugal ($2.58M).

The fastest growing export markets for Non-Knit Men's Suits of Madagascar between 2022 and 2023 were South Africa ($2.65M), Tunisia ($2.15M), and Hungary ($1.05M).

Imports In 2023, Madagascar imported $2.47M in Non-Knit Men's Suits, becoming the 160th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 256th most imported product in Madagascar. Madagascar imports Non-Knit Men's Suits primarily from: France ($1.5M), China ($587k), United Arab Emirates ($118k), Germany ($51.6k), and South Africa ($42.2k).

The fastest growing import markets in Non-Knit Men's Suits for Madagascar between 2022 and 2023 were United Arab Emirates ($101k), China ($41.3k), and United Kingdom ($21.4k).

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 Non-Knit Men's Suits. 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)$170M
IMPORTS (2023)$2.47M
NET TRADE (2023)$167M

In 2023, Madagascar exported $170M in Non-Knit Men's Suits. The main destinations of Madagascar exports on Non-Knit Men's Suits were United States ($90.5M), France ($35.5M), South Africa ($21.6M), United Kingdom ($3.7M), and Portugal ($2.58M).

In 2023, Madagascar imported $2.47M in Non-Knit Men's Suits, mainly from France ($1.5M), China ($587k), United Arab Emirates ($118k), Germany ($51.6k), and South Africa ($42.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
South Africa$2.65M (14%)
Tunisia$2.15M (671%)
Hungary$1.05M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Madagascar WERE (2022 - 2023):
United States-$2.02M (-2.18%)
Sweden-$1.75M (-57.4%)
Spain-$1.14M (-88.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Non-Knit Men's Suits were:
In 2023, Madagascar's main importing competitors in Non-Knit Men's Suits were:

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $39.8M
TOP IMPORT POTENTIALChina+ $1.33M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $39.8M.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $1.33M.

See methodology.

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