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Pricing

2022
Flag → Flag
Exports $26.2MRnk 153 / 224
2022
Flag → Flag
Top Product $2.46MHeavy Synthetic Cotton Fabrics
2022
Flag → Flag
Exports $66MRnk 15 / 157
2022
Flag → Flag
Top Product $14.8MKnit Sweaters
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

United Kingdom-Madagascar Trade: In 2022, United Kingdom exported $26.2M to Madagascar. The main products that United Kingdom exported to Madagascar were Heavy Synthetic Cotton Fabrics ($2.46M), Other Plastic Products ($1.67M), and Chemical Analysis Instruments ($1.2M). Over the past 5 years the exports of United Kingdom to Madagascar have decreased at an annualized rate of 14%, from $55.7M in 2017 to $26.2M in 2022.

In 2022, United Kingdom did not export any services to Madagascar.

Madagascar-United Kingdom Trade: In 2022, Madagascar exported $66M to United Kingdom. The main products that Madagascar exported to United Kingdom were Knit Sweaters ($14.8M), Vanilla ($9.85M), and Other Knit Garments ($6.27M). Over the past 5 years the exports of Madagascar to United Kingdom have increased at an annualized rate of 5.77%,  from $49.9M in 2017 to $66M in 2022.

In 2022, Madagascar did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £958k and imported £2.12M from Madagascar, resulting in a negative trade balance of £1.16M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £335k (53.7%) from £623k to £958k, while imports decreased by £-90.8k (-4.11%) from £2.21M to £2.12M.

Trade In August 2024, the top exports of United Kingdom to Madagascar were Chemical Analysis Instruments (£189k), Telephones (£155k), Valves (£71.4k), Antiknock (£64.6k), and Rubber Pipes (£51.5k). In August 2024 the top imports of United Kingdom from Madagascar were Vanilla (£1.65M), Other Knit Garments (£910k), Non-Knit Women's Suits (£615k), Knit Sweaters (£517k), and Non-Knit Active Wear (£365k).

Origins In August 2024 the exports of United Kingdom were mainly from Felixstowe (£376k), Liverpool (£208k), London Heathrow Airport (£185k), London Gateway (£78.4k), and Immingham (£50k), while imports destinations were mainly Felixstowe (£928k), London Gateway (£461k), London Heathrow Airport (£216k), and Belfast (£82.7k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Chemical Analysis Instruments (£142k or 297%), Valves (£70.2k or 5.96k%), and Rubber Pipes (£11.6k or 29.2%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Dried Legumes (£-75.8k or -80.1%), Non-Knit Active Wear (£-52.9k or -12.6%), and Knit Babies' Garments (£-52.5k or -88.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£335k(53.7%)
IMPORT GROWTH (August 2023 - August 2024)£-90.8k(-4.11%)
MAIN EXPORTER (August 2024)Felixstowe£376k

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Madagascar and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $26.2M to Madagascar. The main products exported from United Kingdom to Madagascar were Heavy Synthetic Cotton Fabrics ($2.46M), Other Plastic Products ($1.67M), and Chemical Analysis Instruments ($1.2M). During the last 5 years the exports of United Kingdom to Madagascar have decreased at an annualized rate of 14%, from $55.7M in 2017 to $26.2M in 2022.

In 2017, Madagascar exported $66M to United Kingdom. The main products exported from Madagascar to United Kingdom were Knit Sweaters ($14.8M), Vanilla ($9.85M), and Other Knit Garments ($6.27M). During the last 5 years the exports of Madagascar to United Kingdom have increased at an annualized rate of 5.77%, from $49.9M in 2022 to $66M in 2017.

Exports from United Kingdom (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from United Kingdom than Madagascar included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Madagascar than United Kingdom included Comoros ($7.03M).

Difference in imports from Madagascar (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Madagascar

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Madagascar in the exports of Machines ($9.43M), Textiles ($4.86M), and Plastics and Rubbers ($2.71M).

During 2017, Madagascar had a large net trade with United Kingdom in the exports of Textiles ($42.6M), Vegetable Products ($13.8M), and Precious Metals ($2.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Madagascar+$1.6MPackaged Medicaments
Top Product Potential Madagascar United Kingdom+$13.1MKnit Sweaters

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

Product Space of United Kingdom (Flag) and Madagascar (Flag) (2022)

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