Ireland (IRL) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Ireland-Madagascar Trade: In 2023, Ireland exported $1.3M to Madagascar. The main products that Ireland exported to Madagascar were Other Plastic Products ($237k), Integrated Circuits ($196k), and Packaged Medicaments ($178k). Over the past 5 years the exports of Ireland to Madagascar have decreased at an annualized rate of 12.3%, from $2.5M in 2018 to $1.3M in 2023.

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

Madagascar-Ireland Trade: In 2023, Madagascar exported $2.86M to Ireland. The main products that Madagascar exported to Ireland were Essential Oils ($492k), Knit T-shirts ($432k), and Other Fruits ($409k). Over the past 5 years the exports of Madagascar to Ireland have increased at an annualized rate of 42.4%, from $489k in 2018 to $2.86M in 2023.

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

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Madagascar, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Madagascar were . In N/A the top imports of Ireland from Madagascar were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Madagascar was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ireland exported $1.3M to Madagascar. The main products exported from Ireland to Madagascar were Other Plastic Products ($237k), Integrated Circuits ($196k), and Packaged Medicaments ($178k). During the last 5 years the exports of Ireland to Madagascar have decreased at an annualized rate of 12.3%, from $2.5M in 2018 to $1.3M in 2023.

In 2018, Madagascar exported $2.86M to Ireland. The main products exported from Madagascar to Ireland were Essential Oils ($492k), Knit T-shirts ($432k), and Other Fruits ($409k). During the last 5 years the exports of Madagascar to Ireland have increased at an annualized rate of 42.4%, from $489k in 2023 to $2.86M in 2018.

Exports from Ireland () to Madagascar () (2023)

Exports from Madagascar () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Ireland than Madagascar included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Madagascar than Ireland included Mauritius ($46.5M), Comoros ($7.69M), and Eritrea ($313k).

Difference in imports from Madagascar () and Ireland () (2023)

Comparative Advantage Ireland - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Madagascar in the exports of Machines ($609k), Chemical Products ($317k), and Plastics and Rubbers ($237k).

During 2018, Madagascar had a large net trade with Ireland in the exports of Textiles ($1.64M), Vegetable Products ($632k), and Chemical Products ($497k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Madagascar+$456kPackaged Medicaments

Top Product Potential Madagascar Ireland+$762kKnit T-shirts

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Madagascar () (2023)

Exports from Madagascar () to Ireland () (2023)

Market Competitiveness

Difference in imports from Madagascar () and Ireland () (2023)

Comparative Advantage Ireland - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ireland () and Madagascar () (2023)

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