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2023
Flag → Flag
Exports $268kRnk 14 / 74
2023
Flag → Flag
Top Product $252kWheat
2023
Flag → Flag
Exports $313kRnk 102 / 156
2023
Flag → Flag
Top Product $313kOther Edible Preparations
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Eritrea-Madagascar Trade: In 2023, Eritrea exported $268k to Madagascar. The main products that Eritrea exported to Madagascar were Wheat ($252k), Centrifuges ($10.9k), and Parachutes ($2.85k). Over the past 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 29.4%, from $74k in 2018 to $268k in 2023.

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

Madagascar-Eritrea Trade: In 2023, Madagascar exported $313k to Eritrea. The main products that Madagascar exported to Eritrea were Other Edible Preparations ($313k). Over the past 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 14.4%,  from $681k in 2018 to $313k in 2023.

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

Comparison In 2023,  Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Eritrea exported $268k to Madagascar. The main products exported from Eritrea to Madagascar were Wheat ($252k), Centrifuges ($10.9k), and Parachutes ($2.85k). During the last 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 29.4%, from $74k in 2018 to $268k in 2023.

In 2018, Madagascar exported $313k to Eritrea. The main products exported from Madagascar to Eritrea were Other Edible Preparations ($313k). During the last 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 14.4%, from $681k in 2023 to $313k in 2018.

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

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

Latest Data

Trade between Eritrea (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Eritrea
Top DestinationChina$355M
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Eritrea than Madagascar included China ($355M), United Arab Emirates ($137M), and Philippines ($23.8M).

In 2023, countries that imported more from Madagascar than Eritrea included United States ($669M), France ($641M), and Japan ($345M).

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

Comparative Advantage Eritrea - Madagascar

Flow
Scale

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

During 2023, Eritrea had a large net trade with Madagascar in the exports of Vegetable Products ($252k), Machines ($10.9k), and Transportation ($3.36k).

During 2018, Madagascar had a large net trade with Eritrea in the exports of Foodstuffs ($313k).

Economic Complexity

Competitive Landscape

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

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

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