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Pricing

2022
Flag → Flag
Exports $49.6MRnk 80 / 198
2022
Flag → Flag
Top Product $6.55MBroadcasting Equipment
2022
Flag → Flag
Exports $5.37MRnk 37 / 157
2022
Flag → Flag
Top Product $1MPrecious Stones
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Hong Kong-Madagascar Trade: In 2022, Hong Kong exported $49.6M to Madagascar. The main products that Hong Kong exported to Madagascar were Broadcasting Equipment ($6.55M), Light Rubberized Knitted Fabric ($3.42M), and Paper Labels ($3.08M). Over the past 5 years the exports of Hong Kong to Madagascar have increased at an annualized rate of 11.3%, from $29M in 2017 to $49.6M in 2022.

In 2022, Hong Kong did not export any services to Madagascar.

Madagascar-Hong Kong Trade: In 2022, Madagascar exported $5.37M to Hong Kong. The main products that Madagascar exported to Hong Kong were Precious Stones ($1M), Fake Hair ($893k), and Processed Crustaceans ($874k). Over the past 5 years the exports of Madagascar to Hong Kong have decreased at an annualized rate of 25%,  from $22.7M in 2017 to $5.37M in 2022.

In 2022, Madagascar did not export any services to Hong Kong.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $49.6M to Madagascar. The main products exported from Hong Kong to Madagascar were Broadcasting Equipment ($6.55M), Light Rubberized Knitted Fabric ($3.42M), and Paper Labels ($3.08M). During the last 5 years the exports of Hong Kong to Madagascar have increased at an annualized rate of 11.3%, from $29M in 2017 to $49.6M in 2022.

In 2017, Madagascar exported $5.37M to Hong Kong. The main products exported from Madagascar to Hong Kong were Precious Stones ($1M), Fake Hair ($893k), and Processed Crustaceans ($874k). During the last 5 years the exports of Madagascar to Hong Kong have decreased at an annualized rate of 25%, from $22.7M in 2022 to $5.37M in 2017.

Exports from Hong Kong (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Madagascar (Flag)

Hong Kong Exports

Madagascar Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Hong Kong than Madagascar included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Madagascar than Hong Kong included Mauritius ($44.7M), Comoros ($7.03M), and Turks and Caicos Islands ($322k).

Difference in imports from Madagascar (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Madagascar

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Madagascar in the exports of Machines ($16.4M), Textiles ($15.2M), and Plastics and Rubbers ($4.93M).

During 2017, Madagascar had a large net trade with Hong Kong in the exports of Textiles ($1.49M), Precious Metals ($1M), and Footwear and Headwear ($895k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Madagascar+$2.1MTelephones
Top Product Potential Madagascar Hong Kong+$1.54MPrecious Stones

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

Product Space of Hong Kong (Flag) and Madagascar (Flag) (2022)

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