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Pricing

2022
Flag → Flag
Exports $233kRnk 95 / 125
2022
Flag → Flag
Top Product $179kTractors
2022
Flag → Flag
Exports $73.6kRnk 141 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Belarus-Madagascar Trade: In 2022, Belarus exported $233k to Madagascar. The main products that Belarus exported to Madagascar were Tractors ($179k), Soil Preparation Machinery ($53.2k), and Electrical Lighting and Signalling Equipment ($218). Over the past 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 31.4%, from $1.54M in 2017 to $233k in 2022.

In 2014, Belarus exported services to Madagascar worth $0, with being the largest in terms of value.

Madagascar-Belarus Trade: In 2022, Madagascar exported $73.6k to Belarus. The main products that Madagascar exported to Belarus were N/A. Over the past 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 47.8%,  from $1.9M in 2017 to $73.6k in 2022.

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

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). 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, Belarus exported $233k to Madagascar. The main products exported from Belarus to Madagascar were Tractors ($179k), Soil Preparation Machinery ($53.2k), and Electrical Lighting and Signalling Equipment ($218). During the last 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 31.4%, from $1.54M in 2017 to $233k in 2022.

In 2016, Madagascar exported $73.6k to Belarus. There were not main exports from Madagascar to Belarus in 2016. During the last 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 47.8%, from $1.9M in 2021 to $73.6k in 2016.

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

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

Latest Data

Trade between Belarus (Flag) and Madagascar (Flag)

Belarus Exports

Market Competitiveness

Color
Belarus
Top DestinationChina$1.6B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Belarus than Madagascar included Ukraine ($1.29B), China ($1.6B), and Poland ($933M).

In 2022, countries that imported more from Madagascar than Belarus included France ($634M), United States ($756M), and Japan ($448M).

Difference in imports from Madagascar (Flag) and Belarus (Flag) (2022)

Comparative Advantage Belarus - Madagascar

Flow
Scale

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

During 2022, Belarus had a large net trade with Madagascar in the exports of Transportation ($179k), Machines ($53.4k), and Plastics and Rubbers ($82).

During 2016, Madagascar had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Madagascar+$89.4kTractors
Top Product Potential Madagascar Belarus+$1.83kKnit 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

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

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

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