Switzerland (CHE) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Switzerland-Madagascar Trade: In 2023, Switzerland exported $9.41M to Madagascar. The main products that Switzerland exported to Madagascar were Packaged Medicaments ($1.91M), Washing and Bottling Machines ($866k), and Computers ($425k). Over the past 5 years the exports of Switzerland to Madagascar have decreased at an annualized rate of 2.88%, from $10.9M in 2018 to $9.41M in 2023.

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

Madagascar-Switzerland Trade: In 2023, Madagascar exported $41.5M to Switzerland. The main products that Madagascar exported to Switzerland were Vanilla ($9.84M), Precious Stones ($5.5M), and Knit Sweaters ($3.67M). Over the past 5 years the exports of Madagascar to Switzerland have decreased at an annualized rate of 12%, from $78.8M in 2018 to $41.5M in 2023.

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

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $9.41M to Madagascar. The main products exported from Switzerland to Madagascar were Packaged Medicaments ($1.91M), Washing and Bottling Machines ($866k), and Computers ($425k). During the last 5 years the exports of Switzerland to Madagascar have decreased at an annualized rate of 2.88%, from $10.9M in 2018 to $9.41M in 2023.

In 2018, Madagascar exported $41.5M to Switzerland. The main products exported from Madagascar to Switzerland were Vanilla ($9.84M), Precious Stones ($5.5M), and Knit Sweaters ($3.67M). During the last 5 years the exports of Madagascar to Switzerland have decreased at an annualized rate of 12%, from $78.8M in 2023 to $41.5M in 2018.

Exports from Switzerland () to Madagascar () (2023)

Exports from Madagascar () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Madagascar ()

Switzerland Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Switzerland than Madagascar included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Madagascar than Switzerland included Comoros ($7.69M).

Difference in imports from Madagascar () and Switzerland () (2023)

Comparative Advantage Switzerland - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Madagascar in the exports of Machines ($3.78M), Chemical Products ($2.54M), and Instruments ($685k).

During 2018, Madagascar had a large net trade with Switzerland in the exports of Vegetable Products ($12.1M), Textiles ($9.36M), and Precious Metals ($5.53M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Madagascar+$1.79MPackaged Medicaments

Top Product Potential Madagascar Switzerland+$4.23MKnit 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Madagascar () (2023)

Exports from Madagascar () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Madagascar ()

Switzerland Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Switzerland () (2023)

Comparative Advantage Switzerland - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Madagascar () (2023)

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