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2023
Flag → Flag
Exports $47.6MRnk 146 / 219
2023
Flag → Flag
Top Product $4.41MLight Pure Woven Cotton
2023
Flag → Flag
Exports $59.6MRnk 18 / 156
2023
Flag → Flag
Top Product $13.1MBasketwork
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Italy-Madagascar Trade: In 2023, Italy exported $47.6M to Madagascar. The main products that Italy exported to Madagascar were Light Pure Woven Cotton ($4.41M), Lifting Machinery ($2.81M), and Metal Stoppers ($2.66M). Over the past 5 years the exports of Italy to Madagascar have increased at an annualized rate of 4.2%, from $38.7M in 2018 to $47.6M in 2023.

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

Madagascar-Italy Trade: In 2023, Madagascar exported $59.6M to Italy. The main products that Madagascar exported to Italy were Basketwork ($13.1M), Raw Nickel ($11.3M), and Granite ($4.81M). Over the past 5 years the exports of Madagascar to Italy have increased at an annualized rate of 8.79%,  from $39.1M in 2018 to $59.6M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). 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, Italy 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 Italy 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 Italy to Madagascar were . In N/A the top imports of Italy from Madagascar were .

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

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $47.6M to Madagascar. The main products exported from Italy to Madagascar were Light Pure Woven Cotton ($4.41M), Lifting Machinery ($2.81M), and Metal Stoppers ($2.66M). During the last 5 years the exports of Italy to Madagascar have increased at an annualized rate of 4.2%, from $38.7M in 2018 to $47.6M in 2023.

In 2018, Madagascar exported $59.6M to Italy. The main products exported from Madagascar to Italy were Basketwork ($13.1M), Raw Nickel ($11.3M), and Granite ($4.81M). During the last 5 years the exports of Madagascar to Italy have increased at an annualized rate of 8.79%, from $39.1M in 2023 to $59.6M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Italy than Madagascar included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Madagascar than Italy included Comoros ($7.69M).

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

Comparative Advantage Italy - Madagascar

Flow
Scale

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

During 2023, Italy had a large net trade with Madagascar in the exports of Machines ($16.8M), Textiles ($13.4M), and Metals ($5.22M).

During 2018, Madagascar had a large net trade with Italy in the exports of Wood Products ($13.3M), Metals ($11.3M), and Mineral Products ($8.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Madagascar+$1.31MDelivery Trucks
Top Product Potential Madagascar Italy+$8.06MRaw 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

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

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

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