Armenia (ARM) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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In N/A, Armenia did not export any services to Madagascar.

Madagascar-Armenia Trade: In N/A, Madagascar exported $284k to Armenia. The main products that Madagascar exported to Armenia were Precious Stones ($62.3k), Non-Knit Men's Shirts ($48.5k), and Cocoa Beans ($45.6k). Over the past N/A years the exports of Madagascar to Armenia have increased at an annualized rate of 5.42%, from $218k in N/A to $284k in N/A.

In N/A, Madagascar did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Armenia does not register exports to Madagascar. The main products exported from Armenia to Madagascar were Other Furniture ($31k).

In 2018, Madagascar exported $284k to Armenia. The main products exported from Madagascar to Armenia were Precious Stones ($62.3k), Non-Knit Men's Shirts ($48.5k), and Cocoa Beans ($45.6k). During the last 5 years the exports of Madagascar to Armenia have increased at an annualized rate of 25,1%, from $136k in 2023 to $284k in 2018.

Exports from Armenia () to Madagascar () (2023)

Exports from Madagascar () to Armenia () (2023)

Latest Data

Trade between Armenia () and Madagascar ()

Madagascar Exports

Date

Feb 2017

May 2015

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Madagascar
Top DestinationUnited States$669M

This map shows whether countries import more from Armenia or Madagascar. Each country is colored based on the difference in imports they receive from Armenia and Madagascar or the difference in the growth in imports.

In 2023, countries that imported more from Armenia than Madagascar included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Madagascar than Armenia included France ($641M), United States ($669M), and Japan ($345M).

Difference in imports from Madagascar () and Armenia () (2023)

Comparative Advantage Armenia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Madagascar by product, considering products traded by both, Armenia and Madagascar.

During 2018, Madagascar had a large net trade with Armenia in the exports of Textiles ($165k), Precious Metals ($62.3k), and Foodstuffs ($45.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Madagascar+$1.82kCars

Top Product Potential Madagascar Armenia+$116kKnit Sweaters

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

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Madagascar. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Madagascar () (2023)

Exports from Madagascar () to Armenia () (2023)

Latest Data

Trade between Armenia () and Madagascar ()

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Armenia () (2023)

Comparative Advantage Armenia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Madagascar () (2023)

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