Australia (AUS) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Australia-Madagascar Trade: In 2022, Australia exported $16.6M to Madagascar. The main products that Australia exported to Madagascar were Valves ($3.83M), Malt ($3.12M), and Bovine, Sheep, and Goat Fat ($1.58M). Over the past 5 years the exports of Australia to Madagascar have increased at an annualized rate of 2.45%, from $14.7M in 2017 to $16.6M in 2022.

In 2022, Australia did not export any services to Madagascar.

Madagascar-Australia Trade: In 2022, Madagascar exported $13.5M to Australia. The main products that Madagascar exported to Australia were Vanilla ($2.08M), Knit Socks and Hosiery ($2.01M), and Non-Knit Men's Shirts ($1.79M). Over the past 5 years the exports of Madagascar to Australia have decreased at an annualized rate of 1.04%, from $14.2M in 2017 to $13.5M in 2022.

In 2022, Madagascar did not export any services to Australia.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $16.6M to Madagascar. The main products exported from Australia to Madagascar were Valves ($3.83M), Malt ($3.12M), and Bovine, Sheep, and Goat Fat ($1.58M). During the last 5 years the exports of Australia to Madagascar have increased at an annualized rate of 2.45%, from $14.7M in 2017 to $16.6M in 2022.

In 2017, Madagascar exported $13.5M to Australia. The main products exported from Madagascar to Australia were Vanilla ($2.08M), Knit Socks and Hosiery ($2.01M), and Non-Knit Men's Shirts ($1.79M). During the last 5 years the exports of Madagascar to Australia have decreased at an annualized rate of 1.04%, from $14.2M in 2022 to $13.5M in 2017.

Exports from Australia () to Madagascar () (2022)

Exports from Madagascar () to Australia () (2022)

Latest Data

Trade between Australia () and Madagascar ()

Australia Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Australia than Madagascar included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Madagascar than Australia included Comoros ($7.03M), Malawi ($3.29M), and Central African Republic ($1M).

Difference in imports from Madagascar () and Australia () (2022)

Comparative Advantage Australia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Madagascar in the exports of Machines ($7.74M), Vegetable Products ($3.12M), and Animal and Vegetable Bi-Products ($1.58M).

During 2017, Madagascar had a large net trade with Australia in the exports of Textiles ($7.86M), Vegetable Products ($2.4M), and Machines ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Madagascar+$178kLiquid Pumps

Top Product Potential Madagascar Australia+$1.82MNon-Knit Men's Shirts

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 Australia and Madagascar. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Madagascar () (2022)

Exports from Madagascar () to Australia () (2022)

Latest Data

Trade between Australia () and Madagascar ()

Australia Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Australia () (2022)

Comparative Advantage Australia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Madagascar () (2022)

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