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2022
Flag → Flag
Exports $14.9MRnk 5 / 75
2022
Flag → Flag
Top Product $14.9MWheat
2022
Flag → Flag
Exports $14.4kRnk 89 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Eritrea-Madagascar Trade: In 2022, Eritrea exported $14.9M to Madagascar. The main products that Eritrea exported to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). Over the past 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%, from $72.7k in 2017 to $14.9M in 2022.

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

Madagascar-Eritrea Trade: In 2022, Madagascar exported $14.4k to Eritrea. The main products that Madagascar exported to Eritrea were N/A. Over the past 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 48.9%,  from $412k in 2017 to $14.4k in 2022.

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

Comparison In 2022,  Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index. 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, Eritrea exported $14.9M to Madagascar. The main products exported from Eritrea to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). During the last 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%, from $72.7k in 2017 to $14.9M in 2022.

In 2016, Madagascar exported $14.4k to Eritrea. There were not main exports from Madagascar to Eritrea in 2016. During the last 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 48.9%, from $412k in 2021 to $14.4k in 2016.

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

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

Latest Data

Trade between Eritrea (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Eritrea
Top DestinationChina$412M
Madagascar
Top DestinationUnited States$756M

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 2022, countries that imported more from Eritrea than Madagascar included United Arab Emirates ($263M) and Croatia ($3.42M).

In 2022, countries that imported more from Madagascar than Eritrea included United States ($756M), France ($634M), and Japan ($448M).

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

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 2022, Eritrea had a large net trade with Madagascar in the exports of Vegetable Products ($14.9M), Machines ($23.5k), and Transportation ($2.03k).

During 2016, Madagascar had a large net trade with Eritrea in the exports of .

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) (2022)

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