South Korea-Madagascar Trade: In 2022, South Korea exported $44.1M to Madagascar. The main products that South Korea exported to Madagascar were Cars ($10.6M), Vaccines, blood, antisera, toxins and cultures ($3.36M), and Ethylene Polymers ($3.19M). Over the past 5 years the exports of South Korea to Madagascar have decreased at an annualized rate of 13.3%, from $90.1M in 2017 to $44.1M in 2022.
In 2022, South Korea did not export any services to Madagascar.
Madagascar-South Korea Trade: In 2022, Madagascar exported $151M to South Korea. The main products that Madagascar exported to South Korea were Raw Nickel ($140M), Processed Crustaceans ($1.97M), and Vanilla ($1.89M). Over the past 5 years the exports of Madagascar to South Korea have increased at an annualized rate of 11.9%, from $85.8M in 2017 to $151M in 2022.
In 2022, Madagascar did not export any services to South Korea.
Comparison: In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).