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2023
Flag → Flag
Exports $20.8MRnk 106 / 211
2023
Flag → Flag
Top Product $9.78MValves
2023
Flag → Flag
Exports $13.7MRnk 28 / 156
2023
Flag → Flag
Top Product $2.57MVanilla
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Australia-Madagascar Trade: In 2023, Australia exported $20.8M to Madagascar. The main products that Australia exported to Madagascar were Valves ($9.78M), Malt ($1.16M), and Industrial Furnaces ($986k). Over the past 5 years the exports of Australia to Madagascar have increased at an annualized rate of 2.77%, from $18.1M in 2018 to $20.8M in 2023.

In 2023, Australia did not export any services to Madagascar.

Madagascar-Australia Trade: In 2023, Madagascar exported $13.7M to Australia. The main products that Madagascar exported to Australia were Vanilla ($2.57M), Other Women's Undergarments ($1.88M), and Non-Knit Men's Shirts ($1.34M). Over the past 5 years the exports of Madagascar to Australia have decreased at an annualized rate of 11.6%,  from $25.3M in 2018 to $13.7M in 2023.

In 2023, Madagascar did not export any services to Australia.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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
Value

In 2023, Australia exported $20.8M to Madagascar. The main products exported from Australia to Madagascar were Valves ($9.78M), Malt ($1.16M), and Industrial Furnaces ($986k). During the last 5 years the exports of Australia to Madagascar have increased at an annualized rate of 2.77%, from $18.1M in 2018 to $20.8M in 2023.

In 2018, Madagascar exported $13.7M to Australia. The main products exported from Madagascar to Australia were Vanilla ($2.57M), Other Women's Undergarments ($1.88M), and Non-Knit Men's Shirts ($1.34M). During the last 5 years the exports of Madagascar to Australia have decreased at an annualized rate of 11.6%, from $25.3M in 2023 to $13.7M in 2018.

Exports from Australia (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and Madagascar (Flag)

Australia Exports

Madagascar Exports

Market Competitiveness

Color
Australia
Top DestinationChina$137B
Madagascar
Top DestinationUnited States$669M

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 2023, countries that imported more from Australia than Madagascar included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Madagascar than Australia included Comoros ($7.69M), Ethiopia ($12.6M), and Afghanistan ($2.72M).

Difference in imports from Madagascar (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - Madagascar

Flow
Scale

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

During 2023, Australia had a large net trade with Madagascar in the exports of Machines ($15.7M), Vegetable Products ($1.16M), and Animal and Vegetable Bi-Products ($844k).

During 2018, Madagascar had a large net trade with Australia in the exports of Textiles ($7.25M), Vegetable Products ($2.67M), and Foodstuffs ($900k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Australia (Flag) and Madagascar (Flag) (2023)

Keep Exploring

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