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2023
Flag → Flag
Exports $49.2MRnk 122 / 213
2023
Flag → Flag
Top Product $10MSoap
2023
Flag → Flag
Exports $165MRnk 7 / 156
2023
Flag → Flag
Top Product $157MCloves
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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 $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Indonesia-Madagascar Trade: In 2023, Indonesia exported $49.2M to Madagascar. The main products that Indonesia exported to Madagascar were Soap ($10M), Palm Oil ($4.31M), and Stearic Acid ($4.21M). Over the past 5 years the exports of Indonesia to Madagascar have decreased at an annualized rate of 1.8%, from $53.8M in 2018 to $49.2M in 2023.

In 2023, Indonesia did not export any services to Madagascar.

Madagascar-Indonesia Trade: In 2023, Madagascar exported $165M to Indonesia. The main products that Madagascar exported to Indonesia were Cloves ($157M), Essential Oils ($2.66M), and Processed Hair ($1.66M). Over the past 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 16.6%,  from $76.7M in 2018 to $165M in 2023.

In 2023, Madagascar did not export any services to Indonesia.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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 2023, Indonesia exported $49.2M to Madagascar. The main products exported from Indonesia to Madagascar were Soap ($10M), Palm Oil ($4.31M), and Stearic Acid ($4.21M). During the last 5 years the exports of Indonesia to Madagascar have decreased at an annualized rate of 1.8%, from $53.8M in 2018 to $49.2M in 2023.

In 2018, Madagascar exported $165M to Indonesia. The main products exported from Madagascar to Indonesia were Cloves ($157M), Essential Oils ($2.66M), and Processed Hair ($1.66M). During the last 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 16.6%, from $76.7M in 2023 to $165M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Madagascar (Flag)

Indonesia Exports

Madagascar Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Indonesia than Madagascar included China ($70.7B), United States ($27.9B), and India ($24B).

In 2023, countries that imported more from Madagascar than Indonesia included Comoros ($7.69M), Eritrea ($313k), and San Marino ($3.79k).

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

Comparative Advantage Indonesia - Madagascar

Flow
Scale

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

During 2023, Indonesia had a large net trade with Madagascar in the exports of Chemical Products ($14.9M), Animal and Vegetable Bi-Products ($9.19M), and Paper Goods ($8.42M).

During 2018, Madagascar had a large net trade with Indonesia in the exports of Vegetable Products ($158M), Chemical Products ($4.01M), and Footwear and Headwear ($1.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Madagascar+$9.74MPalm Oil
Top Product Potential Madagascar Indonesia+$1.32MCocoa Beans

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

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

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