Colombia (COL) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Colombia-Madagascar Trade: In 2023, Colombia exported $1.24M to Madagascar. The main products that Colombia exported to Madagascar were Coated Flat-Rolled Iron ($697k), Confectionery Sugar ($276k), and Small Iron Containers ($101k). Over the past 5 years the exports of Colombia to Madagascar have increased at an annualized rate of 34.9%, from $279k in 2018 to $1.24M in 2023.

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

Madagascar-Colombia Trade: In 2023, Madagascar exported $862k to Colombia. The main products that Madagascar exported to Colombia were Cloves ($419k), Essential Oils ($148k), and Liquid Pumps ($62.6k). Over the past 5 years the exports of Madagascar to Colombia have increased at an annualized rate of 2.57%, from $740k in 2018 to $862k in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $1.24M to Madagascar. The main products exported from Colombia to Madagascar were Coated Flat-Rolled Iron ($697k), Confectionery Sugar ($276k), and Small Iron Containers ($101k). During the last 5 years the exports of Colombia to Madagascar have increased at an annualized rate of 34.9%, from $279k in 2018 to $1.24M in 2023.

In 2018, Madagascar exported $862k to Colombia. The main products exported from Madagascar to Colombia were Cloves ($419k), Essential Oils ($148k), and Liquid Pumps ($62.6k). During the last 5 years the exports of Madagascar to Colombia have increased at an annualized rate of 2.57%, from $740k in 2023 to $862k in 2018.

Exports from Colombia () to Madagascar () (2023)

Exports from Madagascar () to Colombia () (2023)

Latest Data

Trade between Colombia () and Madagascar ()

Colombia Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Colombia than Madagascar included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Madagascar than Colombia included France ($641M), Indonesia ($165M), and South Africa ($161M).

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

Comparative Advantage Colombia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Madagascar in the exports of Metals ($859k), Foodstuffs ($276k), and Chemical Products ($41.9k).

During 2018, Madagascar had a large net trade with Colombia in the exports of Vegetable Products ($421k), Textiles ($223k), and Chemical Products ($148k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Madagascar+$82.1kPackaged Medicaments

Top Product Potential Madagascar Colombia+$220kCloves

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Madagascar () (2023)

Exports from Madagascar () to Colombia () (2023)

Latest Data

Trade between Colombia () and Madagascar ()

Colombia Exports

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Colombia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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