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Pricing

2022
Flag → Flag
Exports $20.2kRnk 144 / 163
2022
Flag → Flag
Top Product $13.2kIron Structures
2022
Flag → Flag
Exports $1.56MRnk 62 / 157
2022
Flag → Flag
Top Product $1.46MCloves
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Dominican Republic-Madagascar Trade: In 2022, Dominican Republic exported $20.2k to Madagascar. The main products that Dominican Republic exported to Madagascar were Iron Structures ($13.2k) and Buttons ($7.01k). Over the past 6 years the exports of Dominican Republic to Madagascar have decreased at an annualized rate of 8.43%, from $34.3k in 2016 to $20.2k in 2022.

In 2022, Dominican Republic did not export any services to Madagascar.

Madagascar-Dominican Republic Trade: In 2022, Madagascar exported $1.56M to Dominican Republic. The main products that Madagascar exported to Dominican Republic were Cloves ($1.46M), Non-Knit Men's Shirts ($44.3k), and Pepper ($40.8k). Over the past 6 years the exports of Madagascar to Dominican Republic have increased at an annualized rate of 48.5%,  from $216k in 2016 to $1.56M in 2022.

In 2022, Madagascar did not export any services to Dominican Republic.

Comparison: In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B). 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, Dominican Republic exported $20.2k to Madagascar. The main products exported from Dominican Republic to Madagascar were Iron Structures ($13.2k) and Buttons ($7.01k). During the last 6 years the exports of Dominican Republic to Madagascar have decreased at an annualized rate of 8.43%, from $34.3k in 2016 to $20.2k in 2022.

In 2017, Madagascar exported $1.56M to Dominican Republic. The main products exported from Madagascar to Dominican Republic were Cloves ($1.46M), Non-Knit Men's Shirts ($44.3k), and Pepper ($40.8k). During the last 5 years the exports of Madagascar to Dominican Republic have increased at an annualized rate of 48.5%, from $216k in 2022 to $1.56M in 2017.

Exports from Dominican Republic (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Dominican Republic (Flag) (2022)

Latest Data

Trade between Dominican Republic (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Dominican Republic than Madagascar included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

In 2022, countries that imported more from Madagascar than Dominican Republic included France ($634M), Japan ($448M), and China ($538M).

Difference in imports from Madagascar (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Madagascar

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Madagascar in the exports of Metals ($13.2k) and Miscellaneous ($7.01k).

During 2017, Madagascar had a large net trade with Dominican Republic in the exports of Vegetable Products ($1.5M), Textiles ($58.6k), and Foodstuffs ($1.67k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Madagascar+$1.98kMedical Instruments
Top Product Potential Madagascar Dominican Republic+$3.9kPacking Bags

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

Product Space of Dominican Republic (Flag) and Madagascar (Flag) (2022)

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