2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Finland-Madagascar Trade: In 2022, Finland exported $1.38M to Madagascar. The main products that Finland exported to Madagascar were Kraft Paper ($282k), Broadcasting Equipment ($235k), and Telephones ($224k). Over the past 5 years the exports of Finland to Madagascar have decreased at an annualized rate of 19.5%, from $4.07M in 2017 to $1.38M in 2022.

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

Madagascar-Finland Trade: In 2022, Madagascar exported $8.05M to Finland. The main products that Madagascar exported to Finland were Non-Knit Men's Suits ($2.81M), Non-Knit Active Wear ($1.57M), and Raw Nickel ($1.49M). Over the past 5 years the exports of Madagascar to Finland have increased at an annualized rate of 6.27%,  from $5.94M in 2017 to $8.05M in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $1.38M to Madagascar. The main products exported from Finland to Madagascar were Kraft Paper ($282k), Broadcasting Equipment ($235k), and Telephones ($224k). During the last 5 years the exports of Finland to Madagascar have decreased at an annualized rate of 19.5%, from $4.07M in 2017 to $1.38M in 2022.

In 2017, Madagascar exported $8.05M to Finland. The main products exported from Madagascar to Finland were Non-Knit Men's Suits ($2.81M), Non-Knit Active Wear ($1.57M), and Raw Nickel ($1.49M). During the last 5 years the exports of Madagascar to Finland have increased at an annualized rate of 6.27%, from $5.94M in 2022 to $8.05M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Madagascar (Flag)

Finland Exports

Madagascar Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Madagascar
Top Destination
United States$756M

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

In 2022, countries that imported more from Finland than Madagascar included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Madagascar than Finland included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

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

Comparative Advantage Finland - Madagascar

Flow
Scale

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

During 2022, Finland had a large net trade with Madagascar in the exports of Machines ($758k), Paper Goods ($349k), and Instruments ($180k).

During 2017, Madagascar had a large net trade with Finland in the exports of Textiles ($5.75M), Metals ($1.49M), and Vegetable Products ($610k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Madagascar+$452kTelephones
Top Product Potential Madagascar Finland+$1.26MNon-Knit Men's Suits

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

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

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