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Pricing

2022
Flag → Flag
Exports $21.4MRnk 155 / 211
2022
Flag → Flag
Top Product $2.67MNon-Retail Artificial Filament Yarn
2022
Flag → Flag
Exports $448MRnk 4 / 157
2022
Flag → Flag
Top Product $374MRaw Nickel
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Japan-Madagascar Trade: In 2022, Japan exported $21.4M to Madagascar. The main products that Japan exported to Madagascar were Non-Retail Artificial Filament Yarn ($2.67M), Rubber Tires ($2.16M), and Delivery Trucks ($1.78M). Over the past 5 years the exports of Japan to Madagascar have decreased at an annualized rate of 10.6%, from $37.5M in 2017 to $21.4M in 2022.

In 2022, Japan did not export any services to Madagascar.

Madagascar-Japan Trade: In 2022, Madagascar exported $448M to Japan. The main products that Madagascar exported to Japan were Raw Nickel ($374M), Cobalt ($54.4M), and Vanilla ($5.49M). Over the past 5 years the exports of Madagascar to Japan have increased at an annualized rate of 29.4%,  from $124M in 2017 to $448M in 2022.

In 2022, Madagascar did not export any services to Japan.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

July, 2024

About

Overview In July 2024, Japan exported ¥158M and imported ¥2.89B from Madagascar, resulting in a negative trade balance of ¥2.73B. Between July 2023 and July 2024 the exports of Japan have decreased by ¥-124M (-44%) from ¥282M to ¥158M, while imports increased by ¥153M (5.58%) from ¥2.74B to ¥2.89B.

Trade In July 2024, the top exports of Japan to Madagascar were Cars (¥15M), Delivery Trucks (¥14.7M), Motorcycles and cycles (¥13M), Commodities not elsewhere specified (¥9.67M), and Synthetic Filament Yarn Woven Fabric (¥1.84M). In July 2024 the top imports of Japan from Madagascar were Raw Nickel (¥2.92B), Cobalt (¥328M), Precious Stones (¥194M), Graphite (¥92.5M), and Vanilla (¥71.9M).

Origins In July 2024 the exports of Japan were mainly from Hyōgo (¥72.9M), Yamaguchi (¥53.3M), Kanagawa (¥17M), Shizuoka (¥13.7M), and Tokyo (¥804k), while imports destinations were mainly Aichi (¥1.83B), Osaka (¥407M), Tokyo (¥291M), Chiba (¥234M), and Hyōgo (¥99.8M).

Growth In July 2024, the decrease in Japan's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Cars (¥-8.53M or -36.2%) and Commodities not elsewhere specified (¥-3.26M or -25.2%). In July 2024, the increase in Japan's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Raw Nickel (¥1.52B or 108%), Graphite (¥81.8M or 765%), and Basketwork (¥14.5M or 128%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)¥-124M(-44%)
IMPORT GROWTH (July 2023 - July 2024)¥153M(5.58%)
MAIN EXPORTER (July 2024)Hyōgo¥72.9M

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $21.4M to Madagascar. The main products exported from Japan to Madagascar were Non-Retail Artificial Filament Yarn ($2.67M), Rubber Tires ($2.16M), and Delivery Trucks ($1.78M). During the last 5 years the exports of Japan to Madagascar have decreased at an annualized rate of 10.6%, from $37.5M in 2017 to $21.4M in 2022.

In 2017, Madagascar exported $448M to Japan. The main products exported from Madagascar to Japan were Raw Nickel ($374M), Cobalt ($54.4M), and Vanilla ($5.49M). During the last 5 years the exports of Madagascar to Japan have increased at an annualized rate of 29.4%, from $124M in 2022 to $448M in 2017.

Exports from Japan (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Japan than Madagascar included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Madagascar than Japan included Comoros ($7.03M), San Marino ($2.38k), and North Korea ($1.51k).

Difference in imports from Madagascar (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Madagascar

Flow
Scale

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

During 2022, Japan had a large net trade with Madagascar in the exports of Transportation ($5.48M), Machines ($3.76M), and Textiles ($3.24M).

During 2017, Madagascar had a large net trade with Japan in the exports of Metals ($428M), Vegetable Products ($8.83M), and Animal Products ($3.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Madagascar+$3.54MCars
Top Product Potential Madagascar Japan+$5.83MCobalt

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

Product Space of Japan (Flag) and Madagascar (Flag) (2022)

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