NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $420MRnk 99 / 220
2023
Flag → Flag
Top Product $148MRice
2023
Flag → Flag
Exports $152MRnk 10 / 156
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

India-Madagascar Trade: In 2023, India exported $420M to Madagascar. The main products that India exported to Madagascar were Rice ($148M), Refined Petroleum ($42.2M), and Iron Pipes ($29M). Over the past 5 years the exports of India to Madagascar have increased at an annualized rate of 11.5%, from $244M in 2018 to $420M in 2023.

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

Madagascar-India Trade: In 2023, Madagascar exported $152M to India. The main products that Madagascar exported to India were N/A. Over the past 5 years the exports of Madagascar to India have increased at an annualized rate of 2.68%,  from $133M in 2018 to $152M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $22.7M and imported $11.1M from Madagascar, resulting in a positive trade balance of $11.7M. Between November 2023 and November 2024 the exports of India have increased by $10.1M (79.4%) from $12.7M to $22.7M, while imports increased by $712k (6.87%) from $10.4M to $11.1M.

Trade In November 2024, the top exports of India to Madagascar were Rice(Other Than Basmoti) ($27.1M), Sugar ($6.46M), Drug Formulations, Biologicals ($2.64M), Indl. Machnry For Dairy Etc ($1.15M), and Medical And Scientific Instrum ($1.01M). In November 2024 the top imports of India from Madagascar were Spices ($3.06M), Other Commodities ($882k), Cocoa Products ($368k), Processed Minerals ($281k), and Pulses ($276k).

Growth In November 2024, the increase in India's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Rice(Other Than Basmoti) ($6.49M or 31.6%), Sugar ($6.45M or 547k%), and Indl. Machnry For Dairy Etc ($1.03M or 833%). In November 2024, the increase in India's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Pearl, Precs, Semiprecs Stones ($217k or 390%), Ayush And Herbal Products ($215k or 51.2k%), and Pulses ($40.5k or 17.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$10.1M(79.4%)
IMPORT GROWTH (November 2023 - November 2024)$712k(6.87%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Madagascar and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $420M to Madagascar. The main products exported from India to Madagascar were Rice ($148M), Refined Petroleum ($42.2M), and Iron Pipes ($29M). During the last 5 years the exports of India to Madagascar have increased at an annualized rate of 11.5%, from $244M in 2018 to $420M in 2023.

In 2018, Madagascar exported $152M to India. There were not main exports from Madagascar to India in 2018. During the last 5 years the exports of Madagascar to India have increased at an annualized rate of 2.68%, from $133M in 2023 to $152M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from India than Madagascar included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, no countries were registered that imported more from Madagascar than from India.

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

Comparative Advantage India - Madagascar

Flow
Scale

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

During 2023, India had a large net trade with Madagascar in the exports of Vegetable Products ($149M), Chemical Products ($58.1M), and Mineral Products ($43M).

During 2018, Madagascar had a large net trade with India in the exports of Vegetable Products ($97.1M), Chemical Products ($20.1M), and Metals ($13.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Madagascar+$67.4MRefined Petroleum
Top Product Potential Madagascar India+$6.93MDried 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms