Iran (IRN) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Iran-Madagascar Trade: In 2023, Iran exported $52.8k to Madagascar. The main products that Iran exported to Madagascar were Plastic Lids ($51.3k) and Water and Gas Generators ($1.49k). Over the past 5 years the exports of Iran to Madagascar have decreased at an annualized rate of 40.7%, from $722k in 2018 to $52.8k in 2023.

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

Madagascar-Iran Trade: In 2023, Madagascar exported $61.2k to Iran. The main products that Madagascar exported to Iran were Dried Legumes ($61.2k). Over the past 5 years the exports of Madagascar to Iran have decreased at an annualized rate of 4.26%, from $76k in 2018 to $61.2k in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $52.8k to Madagascar. The main products exported from Iran to Madagascar were Plastic Lids ($51.3k) and Water and Gas Generators ($1.49k). During the last 5 years the exports of Iran to Madagascar have decreased at an annualized rate of 40.7%, from $722k in 2018 to $52.8k in 2023.

In 2018, Madagascar exported $61.2k to Iran. The main products exported from Madagascar to Iran were Dried Legumes ($61.2k). During the last 5 years the exports of Madagascar to Iran have decreased at an annualized rate of 4.26%, from $76k in 2023 to $61.2k in 2018.

Exports from Iran () to Madagascar () (2023)

Exports from Madagascar () to Iran () (2023)

Latest Data

Trade between Iran () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Iran than Madagascar included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Madagascar than Iran included United States ($669M), France ($641M), and Japan ($345M).

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

Comparative Advantage Iran - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Madagascar in the exports of Plastics and Rubbers ($51.3k) and Machines ($1.49k).

During 2018, Madagascar had a large net trade with Iran in the exports of Vegetable Products ($61.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Madagascar+$2.97kRefined Petroleum

Top Product Potential Madagascar Iran+$3.22kRaw Nickel

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Madagascar () (2023)

Exports from Madagascar () to Iran () (2023)

Latest Data

Trade between Iran () and Madagascar ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Iran - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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