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Pricing

2022
Flag → Flag
Exports $11.4MRnk 133 / 218
2022
Flag → Flag
Top Product $4.41MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $8.44MRnk 31 / 157
2022
Flag → Flag
Top Product $5.2MRaw Nickel
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Denmark-Madagascar Trade: In 2022, Denmark exported $11.4M to Madagascar. The main products that Denmark exported to Madagascar were Vaccines, blood, antisera, toxins and cultures ($4.41M), Other Edible Preparations ($1.68M), and Reaction and Catalytic Products ($1.26M). Over the past 5 years the exports of Denmark to Madagascar have increased at an annualized rate of 9.19%, from $7.32M in 2017 to $11.4M in 2022.

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

Madagascar-Denmark Trade: In 2022, Madagascar exported $8.44M to Denmark. The main products that Madagascar exported to Denmark were Raw Nickel ($5.2M), Vanilla ($1.67M), and Other Processed Fruits and Nuts ($593k). Over the past 5 years the exports of Madagascar to Denmark have increased at an annualized rate of 31.4%,  from $2.16M in 2017 to $8.44M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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, Denmark exported $11.4M to Madagascar. The main products exported from Denmark to Madagascar were Vaccines, blood, antisera, toxins and cultures ($4.41M), Other Edible Preparations ($1.68M), and Reaction and Catalytic Products ($1.26M). During the last 5 years the exports of Denmark to Madagascar have increased at an annualized rate of 9.19%, from $7.32M in 2017 to $11.4M in 2022.

In 2017, Madagascar exported $8.44M to Denmark. The main products exported from Madagascar to Denmark were Raw Nickel ($5.2M), Vanilla ($1.67M), and Other Processed Fruits and Nuts ($593k). During the last 5 years the exports of Madagascar to Denmark have increased at an annualized rate of 31.4%, from $2.16M in 2022 to $8.44M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Madagascar (Flag)

Denmark Exports

Madagascar Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Denmark than Madagascar included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Madagascar than Denmark included Mauritius ($44.7M), Comoros ($7.03M), and Turks and Caicos Islands ($322k).

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

Comparative Advantage Denmark - Madagascar

Flow
Scale

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

During 2022, Denmark had a large net trade with Madagascar in the exports of Chemical Products ($6.23M), Machines ($2.08M), and Foodstuffs ($1.69M).

During 2017, Madagascar had a large net trade with Denmark in the exports of Metals ($5.22M), Vegetable Products ($1.67M), and Foodstuffs ($762k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Madagascar+$1.01MPackaged Medicaments
Top Product Potential Madagascar Denmark+$212kRefined Petroleum

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

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

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