Kuwait (KWT) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Kuwait-Madagascar Trade: In 2023, Kuwait exported $171k to Madagascar. The main products that Kuwait exported to Madagascar were Hypochlorites ($104k), Refined Petroleum ($31.6k), and Organic Composite Solvents ($28.5k). Over the past 5 years the exports of Kuwait to Madagascar have decreased at an annualized rate of 72.8%, from $114M in 2018 to $171k in 2023.

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

Madagascar-Kuwait Trade: In 2023, Madagascar exported $2.14M to Kuwait. The main products that Madagascar exported to Kuwait were Non-Knit Women's Suits ($358k), Vanilla ($316k), and Other Fruits ($129k). Over the past 5 years the exports of Madagascar to Kuwait have decreased at an annualized rate of 14.4%, from $4.66M in 2018 to $2.14M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $171k to Madagascar. The main products exported from Kuwait to Madagascar were Hypochlorites ($104k), Refined Petroleum ($31.6k), and Organic Composite Solvents ($28.5k). During the last 5 years the exports of Kuwait to Madagascar have decreased at an annualized rate of 72.8%, from $114M in 2018 to $171k in 2023.

In 2018, Madagascar exported $2.14M to Kuwait. The main products exported from Madagascar to Kuwait were Non-Knit Women's Suits ($358k), Vanilla ($316k), and Other Fruits ($129k). During the last 5 years the exports of Madagascar to Kuwait have decreased at an annualized rate of 14.4%, from $4.66M in 2023 to $2.14M in 2018.

Exports from Kuwait () to Madagascar () (2023)

Exports from Madagascar () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Madagascar ()

Kuwait Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Kuwait than Madagascar included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Madagascar than Kuwait included South Korea ($271M), Turkey ($209M), and Mauritius ($46.5M).

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

Comparative Advantage Kuwait - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Madagascar in the exports of Chemical Products ($132k), Mineral Products ($31.6k), and Machines ($4.01k).

During 2018, Madagascar had a large net trade with Kuwait in the exports of Textiles ($1.32M), Vegetable Products ($566k), and Animal Hides ($87.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Madagascar+$8.87MRefined Petroleum

Top Product Potential Madagascar Kuwait+$1.04MNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Madagascar () (2023)

Exports from Madagascar () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Madagascar ()

Kuwait Exports

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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