Gambia (GMB) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

About

Gambia-Madagascar Trade: In 2022, Gambia exported $38.9k to Madagascar. The main products that Gambia exported to Madagascar were Cars ($38.7k), Motor vehicles; parts and accessories (8701 to 8705) ($138), and Iron Springs ($30). Over the past 21 years the exports of Gambia to Madagascar have increased at an annualized rate of 35.8%, from $63 in 2001 to $38.9k in 2022.

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

Madagascar-Gambia Trade: In 2022, Madagascar exported $259k to Gambia. The main products that Madagascar exported to Gambia were Cloves ($139k), Pepper ($120k), and Vaccines, blood, antisera, toxins and cultures ($26). Over the past 21 years the exports of Madagascar to Gambia have increased at an annualized rate of 40%, from $48.2k in 2001 to $259k in 2022.

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

Comparison In 2022, Gambia ranked 193 in total exports ($170M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Gambia exported $38.9k to Madagascar. The main products exported from Gambia to Madagascar were Cars ($38.7k), Motor vehicles; parts and accessories (8701 to 8705) ($138), and Iron Springs ($30). During the last 21 years the exports of Gambia to Madagascar have increased at an annualized rate of 35.8%, from $63 in 2001 to $38.9k in 2022.

In 2017, Madagascar exported $259k to Gambia. The main products exported from Madagascar to Gambia were Cloves ($139k), Pepper ($120k), and Vaccines, blood, antisera, toxins and cultures ($26). During the last 5 years the exports of Madagascar to Gambia have increased at an annualized rate of 40%, from $48.2k in 2022 to $259k in 2017.

Exports from Gambia () to Madagascar () (2022)

Exports from Madagascar () to Gambia () (2022)

Latest Data

Trade between Gambia () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationIndia$52.9M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Gambia than Madagascar included Chile ($11.1M), Senegal ($3.46M), and Guyana ($1.73M).

In 2022, countries that imported more from Madagascar than Gambia included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Gambia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gambia had a large net trade with Madagascar in the exports of Transportation ($38.8k) and Metals ($30).

During 2017, Madagascar had a large net trade with Gambia in the exports of Vegetable Products ($259k), Chemical Products ($26), and Animal Products ($5).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Madagascar+$9.33kCars

Top Product Potential Madagascar Gambia+$16.6kCloves

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Madagascar () (2022)

Exports from Madagascar () to Gambia () (2022)

Latest Data

Trade between Gambia () and Madagascar ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Gambia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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