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2022
Flag → Flag
Exports $728Rnk 48 / 0
2022
Flag → Flag
Exports $306kRnk 103 / 156
2022
Flag → Flag
Top Product $255kCloves
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 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 $20,765CURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Guyana-Madagascar Trade: In 2022, Guyana exported $728 to Madagascar. The main products that Guyana exported to Madagascar were N/A. Over the past 9 years the exports of Guyana to Madagascar have decreased at an annualized rate of 15.2%, from $3.19k in 2013 to $728 in 2022.

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

Madagascar-Guyana Trade: In 2022, Madagascar exported $306k to Guyana. The main products that Madagascar exported to Guyana were Cloves ($255k), Dried Legumes ($50.7k), and Twine and Rope ($215). Over the past 9 years the exports of Madagascar to Guyana have increased at an annualized rate of 52.1%,  from $16.3k in 2013 to $306k in 2022.

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

Comparison In 2023,  Guyana ranked 84 in total exports ($17.4B), 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 2022, Guyana exported $728 to Madagascar. There were not main exports from Guyana to Madagascar in 2022. During the last 9 years the exports of Guyana to Madagascar have decreased at an annualized rate of 15.2%, from $3.19k in 2013 to $728 in 2022.

In 2018, Madagascar exported $306k to Guyana. The main products exported from Madagascar to Guyana were Cloves ($255k), Dried Legumes ($50.7k), and Twine and Rope ($215). During the last 5 years the exports of Madagascar to Guyana have increased at an annualized rate of 52.1%, from $16.3k in 2023 to $306k in 2018.

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

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

Latest Data

Trade between Guyana (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Guyana
Top DestinationUnited States$3.51B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Guyana than Madagascar included United States ($3.51B), Trinidad and Tobago ($1.9B), and Netherlands ($1.82B).

In 2023, countries that imported more from Madagascar than Guyana included Japan ($345M), South Korea ($271M), and Turkey ($209M).

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

Comparative Advantage Guyana - Madagascar

Flow
Scale

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

During 2022, Guyana had a large net trade with Madagascar in the exports of .

During 2018, Madagascar had a large net trade with Guyana in the exports of Vegetable Products ($305k) and Textiles ($215).

Economic Complexity

Competitive Landscape

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

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

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