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Pricing

2023
Flag → Flag
Exports $58.4MRnk 129 / 221
2023
Flag → Flag
Top Product $40.1MRaw Sugar
2023
Flag → Flag
Exports $5.61MRnk 38 / 156
2023
Flag → Flag
Top Product $3.27MNiobium, Tantalum, Vanadium and Zirconium Ore
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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 $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Brazil-Madagascar Trade: In 2023, Brazil exported $58.4M to Madagascar. The main products that Brazil exported to Madagascar were Raw Sugar ($40.1M), Soybean Oil ($14.4M), and Kraft Paper ($318k). Over the past 5 years the exports of Brazil to Madagascar have increased at an annualized rate of 19.3%, from $24.2M in 2018 to $58.4M in 2023.

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

Madagascar-Brazil Trade: In 2023, Madagascar exported $5.61M to Brazil. The main products that Madagascar exported to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($3.27M), Cloves ($504k), and Essential Oils ($379k). Over the past 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 11.5%,  from $3.25M in 2018 to $5.61M in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $931k and imported $138k from Madagascar, resulting in a positive trade balance of $793k. Between December 2023 and December 2024 the exports of Brazil have decreased by $-3.47M (-78.8%) from $4.4M to $931k, while imports decreased by $-181k (-56.7%) from $319k to $138k.

Trade In December 2024, the top exports of Brazil to Madagascar were Raw Sugar ($499k), Rubber Tires ($20.6k), and Soybean Meal ($6.69k). In December 2024 the top imports of Brazil from Madagascar were Niobium, Tantalum, Vanadium and Zirconium Ore ($164k), Trunks and Cases ($42.4k), Ethers ($24.7k), Essential Oils ($21.8k), and Vegetable Plaiting Materials ($15.9k).

Origins In December 2024 the exports of Brazil were mainly from Minas Gerais ($554k), São Paulo ($349k), and Rio Grande do Sul ($28.3k), while imports destinations were mainly São Paulo ($115k), Rio de Janeiro ($6.87k), Santa Catarina ($6.12k), Pernambuco ($5.47k), and Paraná ($1.65k).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Raw Sugar ($-1.14M or -69.5%). In December 2024, the decrease in Brazil's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Niobium, Tantalum, Vanadium and Zirconium Ore ($-236k or -58.9%), Non-Knit Men's Shirts ($-14.3k or -63.9%), and Essential Oils ($-7.01k or -24.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-3.47M(-78.8%)
IMPORT GROWTH (December 2023 - December 2024)$-181k(-56.7%)
MAIN EXPORTER (December 2024)Minas Gerais$554k

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Madagascar and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $58.4M to Madagascar. The main products exported from Brazil to Madagascar were Raw Sugar ($40.1M), Soybean Oil ($14.4M), and Kraft Paper ($318k). During the last 5 years the exports of Brazil to Madagascar have increased at an annualized rate of 19.3%, from $24.2M in 2018 to $58.4M in 2023.

In 2018, Madagascar exported $5.61M to Brazil. The main products exported from Madagascar to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($3.27M), Cloves ($504k), and Essential Oils ($379k). During the last 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 11.5%, from $3.25M in 2023 to $5.61M in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Brazil than Madagascar included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Madagascar than Brazil included Eritrea ($313k).

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

Comparative Advantage Brazil - Madagascar

Flow
Scale

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

During 2023, Brazil had a large net trade with Madagascar in the exports of Foodstuffs ($40.6M), Animal and Vegetable Bi-Products ($14.7M), and Transportation ($636k).

During 2018, Madagascar had a large net trade with Brazil in the exports of Mineral Products ($3.31M), Textiles ($692k), and Chemical Products ($641k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Madagascar+$1.49MSoybean Oil
Top Product Potential Madagascar Brazil+$440kNiobium, Tantalum, Vanadium and Zirconium Ore

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

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

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