2022
Flag  
GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

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 10.1%,  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
Value

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 10.1%, from $571k in 2022 to $923k in 2017.

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

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

Latest Data

Trade between Bangladesh (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Bangladesh
Top Destination
United States$11.7B
Madagascar
Top Destination
United 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 (Flag) and Bangladesh (Flag) (2022)

Comparative Advantage Bangladesh - Madagascar

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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