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Pricing

2020
Flag → Flag
Exports $34kRnk 57 / 0
2020
Flag → Flag
Exports $308kRnk 102 / 157
2020
Flag → Flag
Top Product $171kCloves
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Libya-Madagascar Trade: In 2020, Libya exported $34k to Madagascar. The main products that Libya exported to Madagascar were N/A. Over the past 12 years the exports of Libya to Madagascar have decreased at an annualized rate of 21.9%, from $657k in 2008 to $34k in 2020.

In 2020, Libya did not export any services to Madagascar.

Madagascar-Libya Trade: In 2020, Madagascar exported $308k to Libya. The main products that Madagascar exported to Libya were Cloves ($171k), Pepper ($46.3k), and Dried Legumes ($46.2k). Over the past 12 years the exports of Madagascar to Libya have increased at an annualized rate of 91.8%,  from $11.9k in 2008 to $308k in 2020.

In 2020, Madagascar did not export any services to Libya.

Comparison: In 2022,  Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Libya exported $34k to Madagascar. There were not main exports from Libya to Madagascar in 2020. During the last 12 years the exports of Libya to Madagascar have decreased at an annualized rate of 21.9%, from $657k in 2008 to $34k in 2020.

In 2017, Madagascar exported $308k to Libya. The main products exported from Madagascar to Libya were Cloves ($171k), Pepper ($46.3k), and Dried Legumes ($46.2k). During the last 5 years the exports of Madagascar to Libya have increased at an annualized rate of 91.8%, from $11.9k in 2022 to $308k in 2017.

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

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

Latest Data

Trade between Libya (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Libya than Madagascar included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from Madagascar than Libya included Japan ($448M), Indonesia ($147M), and South Africa ($152M).

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

Comparative Advantage Libya - Madagascar

Flow
Scale

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

During 2020, Libya had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Libya in the exports of Vegetable Products ($308k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Madagascar+$3.09kRefined Petroleum
Top Product Potential Madagascar Libya+$101kDried 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

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

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

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