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Pricing

2023
Flag → Flag
Exports $54.8kRnk 172 / 192
2023
Flag → Flag
Top Product $25.7kCentrifuges
2023
Flag → Flag
Exports $905kRnk 78 / 156
2023
Flag → Flag
Top Product $226kNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Estonia-Madagascar Trade: In 2023, Estonia exported $54.8k to Madagascar. The main products that Estonia exported to Madagascar were Centrifuges ($25.7k), Other Plastic Products ($20.1k), and Other Headwear ($6.27k). Over the past 5 years the exports of Estonia to Madagascar have decreased at an annualized rate of 7.56%, from $81.3k in 2018 to $54.8k in 2023.

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

Madagascar-Estonia Trade: In 2023, Madagascar exported $905k to Estonia. The main products that Madagascar exported to Estonia were Non-Knit Men's Suits ($226k), Cocoa Paste ($210k), and Vanilla ($175k). Over the past 5 years the exports of Madagascar to Estonia have decreased at an annualized rate of 14%,  from $1.93M in 2018 to $905k in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), 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, Estonia exported $54.8k to Madagascar. The main products exported from Estonia to Madagascar were Centrifuges ($25.7k), Other Plastic Products ($20.1k), and Other Headwear ($6.27k). During the last 5 years the exports of Estonia to Madagascar have decreased at an annualized rate of 7.56%, from $81.3k in 2018 to $54.8k in 2023.

In 2018, Madagascar exported $905k to Estonia. The main products exported from Madagascar to Estonia were Non-Knit Men's Suits ($226k), Cocoa Paste ($210k), and Vanilla ($175k). During the last 5 years the exports of Madagascar to Estonia have decreased at an annualized rate of 14%, from $1.93M in 2023 to $905k in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Madagascar (Flag)

Estonia Exports

Madagascar Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Estonia than Madagascar included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Madagascar than Estonia included France ($641M), South Korea ($271M), and South Africa ($161M).

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

Comparative Advantage Estonia - Madagascar

Flow
Scale

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

During 2023, Estonia had a large net trade with Madagascar in the exports of Machines ($28.5k), Plastics and Rubbers ($20.1k), and Footwear and Headwear ($6.27k).

During 2018, Madagascar had a large net trade with Estonia in the exports of Textiles ($413k), Vegetable Products ($253k), and Foodstuffs ($213k).

Economic Complexity

Competitive Landscape

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

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

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