Overview: This page contains the latest international trade data for Madagascar, including service trade data, and tariffs. In 2018 Madagascar was the number 129 economy in the world in terms of GDP (current US$), the number 123 in total exports, the number 140 in total imports, and the number 123 most complex economy according to the Economic Complexity Index (ECI). In 2018, Madagascar exported $3.48B and imported $4.2B, resulting in a negative trade balance of -$724M. In 2018, Madagascar's exports per capita were $132 and its imports per capita were $160.
In 2018 Madagascar exported a total of $3.48B, making it the number 123 exporter in the world. During the last five reported years the exports of Madagascar have changed by $1.36B from $2.11B in 2013 to $3.48B in 2018.
In 2018 Madagascar imported $4.2B, making it the number 140 trade destination in the world. During the last five reported years the imports of Madagascar changed by $1.37B from $2.83B in 2013 to $4.2B in 2018.
In 2016, Madagascar exported $1.13B worth of services. The top services exported by Madagascar in 2016 were Personal travel ($750M), Air transport ($195M), Miscellaneous business, professional, and technical services ($55.8M), Sea transport ($47.8M), and Construction in the compiling economy ($26.8M).
The top services imported by Madagascar in 2016 were Sea transport ($334M), Air transport ($242M), Government services, n.i.e. ($180M), Personal travel ($129M), and Miscellaneous business, professional, and technical services ($91.5M).
This section shows forecasts for total product exports and imports for Madagascar. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Madagascar are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement211: Preferential tariff for Eritrea (COMESA)215: Preferential tariff for Ethiopia (COMESA) Excluded Eritrea219: Preferential tariff for European Union countries (AA) Association Agreement240: Preferential tariff for Indian Ocean Commission (IOC) member states
During the last 16 years Madagascar's economy has become relatively less complex, moving from the 96th to the 123rd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Madagascar has a high level of specialization in Vanilla (3.39k), Raw Nickel (162), Graphite (160), Cobalt (157), and Titanium Ore (152). Specialization is measured using RCA, an index that takes the ratio between Madagascar observed and expected exports in each product.
The top export opportunities for Madagascar according to the relatedness index, are Tea (0.17), Fake Hair (0.17), Knit Men's Undergarments (0.17), Rubber (0.16), and Tropical Fruits (0.16). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Madagascar is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Madagascar
