Bangladesh (BGD) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Bangladesh-Madagascar Trade: In 2022, Bangladesh exported $17.2M to Madagascar. The main products that Bangladesh exported to Madagascar were Ammonia ($10.4M), Light Rubberized Knitted Fabric ($2.88M), and Packing Bags ($1.85M). Over the past 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 63.3%, from $1.48M in 2017 to $17.2M in 2022.

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

Madagascar-Bangladesh Trade: In 2022, Madagascar exported $923k to Bangladesh. The main products that Madagascar exported to Bangladesh were Cloves ($709k), Packing Bags ($196k), and Recovered Paper ($17.5k). Over the past 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 8.33%, from $571k in 2017 to $923k in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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, Bangladesh exported $17.2M to Madagascar. The main products exported from Bangladesh to Madagascar were Ammonia ($10.4M), Light Rubberized Knitted Fabric ($2.88M), and Packing Bags ($1.85M). During the last 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 63.3%, from $1.48M in 2017 to $17.2M in 2022.

In 2017, Madagascar exported $923k to Bangladesh. The main products exported from Madagascar to Bangladesh were Cloves ($709k), Packing Bags ($196k), and Recovered Paper ($17.5k). During the last 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 8.33%, from $571k in 2022 to $923k in 2017.

Exports from Bangladesh () to Madagascar () (2022)

Exports from Madagascar () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Bangladesh than Madagascar included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Madagascar than Bangladesh included Indonesia ($147M), Mauritius ($44.7M), and South Africa ($152M).

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

Comparative Advantage Bangladesh - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Madagascar in the exports of Chemical Products ($10.4M), Textiles ($5.38M), and Foodstuffs ($1.09M).

During 2017, Madagascar had a large net trade with Bangladesh in the exports of Vegetable Products ($709k), Textiles ($196k), and Paper Goods ($17.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Madagascar+$110kNon-Retail Pure Cotton Yarn

Top Product Potential Madagascar Bangladesh+$447kCloves

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Madagascar () (2022)

Exports from Madagascar () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Madagascar ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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