Israel (ISR) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Israel-Madagascar Trade: In 2023, Israel exported $1.53M to Madagascar. The main products that Israel exported to Madagascar were Computers ($806k), Dyeing Finishing Agents ($316k), and Broadcasting Equipment ($98.3k). Over the past 5 years the exports of Israel to Madagascar have increased at an annualized rate of 15.1%, from $759k in 2018 to $1.53M in 2023.

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

Madagascar-Israel Trade: In 2023, Madagascar exported $1.38M to Israel. The main products that Madagascar exported to Israel were Cloves ($242k), Non-Knit Men's Shirts ($204k), and Pepper ($166k). Over the past 5 years the exports of Madagascar to Israel have decreased at an annualized rate of 0.41%, from $1.41M in 2018 to $1.38M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $1.53M to Madagascar. The main products exported from Israel to Madagascar were Computers ($806k), Dyeing Finishing Agents ($316k), and Broadcasting Equipment ($98.3k). During the last 5 years the exports of Israel to Madagascar have increased at an annualized rate of 15.1%, from $759k in 2018 to $1.53M in 2023.

In 2018, Madagascar exported $1.38M to Israel. The main products exported from Madagascar to Israel were Cloves ($242k), Non-Knit Men's Shirts ($204k), and Pepper ($166k). During the last 5 years the exports of Madagascar to Israel have decreased at an annualized rate of 0.41%, from $1.41M in 2023 to $1.38M in 2018.

Exports from Israel () to Madagascar () (2023)

Exports from Madagascar () to Israel () (2023)

Latest Data

Trade between Israel () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Israel than Madagascar included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Madagascar than Israel included Indonesia ($165M), Mauritius ($46.5M), and Comoros ($7.69M).

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

Comparative Advantage Israel - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Madagascar in the exports of Machines ($1.03M), Chemical Products ($387k), and Vegetable Products ($69.2k).

During 2018, Madagascar had a large net trade with Israel in the exports of Textiles ($624k), Vegetable Products ($549k), and Foodstuffs ($114k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Madagascar+$240kTelephones

Top Product Potential Madagascar Israel+$141kDried 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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Madagascar () (2023)

Exports from Madagascar () to Israel () (2023)

Latest Data

Trade between Israel () and Madagascar ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Israel - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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