2023
Flag  
GDP
$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH
-10.5%CURRENT US$
Rnk 181 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH
27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC 
$916CURRENT US$
Rnk 180 / 195
2013-2023
Flag
GDP PC GROWTH
-20.4%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC
$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH
-1.77%CURRENT US$
Rnk 155 / 195

About

Lesotho-Madagascar Trade: In 2023, Lesotho exported $21.2k to Madagascar. The main products that Lesotho exported to Madagascar were Heavy Pure Woven Cotton ($20.1k), Heavy Mixed Woven Cotton ($1.1k), and Light Rubberized Knitted Fabric ($25). Over the past 5 years the exports of Lesotho to Madagascar have decreased at an annualized rate of 44.8%, from $412k in 2018 to $21.2k in 2023.

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

Madagascar-Lesotho Trade: In 2023, Madagascar exported $123 to Lesotho. The main products that Madagascar exported to Lesotho were Knit Sweaters ($75), Non-Knit Men's Shirts ($15), and Non-Knit Men's Suits ($12). Over the past 5 years the exports of Madagascar to Lesotho have decreased at an annualized rate of 40.5%,  from $1.66k in 2018 to $123 in 2023.

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

Comparison In 2023,  Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Lesotho exported $21.2k to Madagascar. The main products exported from Lesotho to Madagascar were Heavy Pure Woven Cotton ($20.1k), Heavy Mixed Woven Cotton ($1.1k), and Light Rubberized Knitted Fabric ($25). During the last 5 years the exports of Lesotho to Madagascar have decreased at an annualized rate of 44.8%, from $412k in 2018 to $21.2k in 2023.

In 2018, Madagascar exported $123 to Lesotho. The main products exported from Madagascar to Lesotho were Knit Sweaters ($75), Non-Knit Men's Shirts ($15), and Non-Knit Men's Suits ($12). During the last 5 years the exports of Madagascar to Lesotho have decreased at an annualized rate of 40.5%, from $1.66k in 2023 to $123 in 2018.

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

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

Latest Data

Trade between Lesotho (Flag) and Madagascar (Flag)

Lesotho Exports

Date

Madagascar Exports

Market Competitiveness

Color
Lesotho
Top Destination
South Africa$351M
Madagascar
Top Destination
United States$669M

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

In 2023, countries that imported more from Lesotho than Madagascar included Belgium ($295M), South Africa ($351M), and Eswatini ($7.34M).

In 2023, countries that imported more from Madagascar than Lesotho included France ($641M), United States ($669M), and Japan ($345M).

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

Comparative Advantage Lesotho - Madagascar

Flow
Scale

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

During 2023, Lesotho had a large net trade with Madagascar in the exports of Textiles ($21.2k).

During 2018, Madagascar had a large net trade with Lesotho in the exports of Textiles ($106), Footwear and Headwear ($9), and Miscellaneous ($7).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lesotho Madagascar+$48kHeavy Pure Woven Cotton
Top Product Potential Madagascar Lesotho+$1.67kRefined Petroleum

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

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

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