Georgia (GEO) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Georgia-Madagascar Trade: In 2022, Georgia exported $139k to Madagascar. The main products that Georgia exported to Madagascar were Cars ($139k). Over the past 5 years the exports of Georgia to Madagascar have increased at an annualized rate of 134%, from $1.97k in 2017 to $139k in 2022.

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

Madagascar-Georgia Trade: In 2022, Madagascar exported $148k to Georgia. The main products that Madagascar exported to Georgia were Dried Legumes ($105k) and Mica ($43.4k). Over the past 5 years the exports of Madagascar to Georgia have increased at an annualized rate of 85.9%, from $6.68k in 2017 to $148k in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $139k to Madagascar. The main products exported from Georgia to Madagascar were Cars ($139k). During the last 5 years the exports of Georgia to Madagascar have increased at an annualized rate of 134%, from $1.97k in 2017 to $139k in 2022.

In 2017, Madagascar exported $148k to Georgia. The main products exported from Madagascar to Georgia were Dried Legumes ($105k) and Mica ($43.4k). During the last 5 years the exports of Madagascar to Georgia have increased at an annualized rate of 85.9%, from $6.68k in 2022 to $148k in 2017.

Exports from Georgia () to Madagascar () (2022)

Exports from Madagascar () to Georgia () (2022)

Latest Data

Trade between Georgia () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Georgia than Madagascar included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Difference in imports from Madagascar () and Georgia () (2022)

Comparative Advantage Georgia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Madagascar in the exports of Transportation ($139k).

During 2017, Madagascar had a large net trade with Georgia in the exports of Vegetable Products ($105k) and Mineral Products ($43.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Madagascar+$55.9kCars

Top Product Potential Madagascar Georgia+$33.4kDried Legumes

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Madagascar () (2022)

Exports from Madagascar () to Georgia () (2022)

Latest Data

Trade between Georgia () and Madagascar ()

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Georgia () (2022)

Comparative Advantage Georgia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Madagascar () (2022)

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