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2021
Flag → Flag
Exports $14.8kRnk 41 / 0
2021
Flag → Flag
Exports $2.34kRnk 121 / 129
2021
Flag → Flag
Top Product $2.34kLabels
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Madagascar-Albania Trade: In 2021, Madagascar exported $14.8k to Albania. The main products that Madagascar exported to Albania were N/A. Over the past 8 years the exports of Madagascar to Albania have decreased at an annualized rate of 27.9%, from $202k in 2013 to $14.8k in 2021.

In 2021, Madagascar did not export any services to Albania.

Albania-Madagascar Trade: In 2021, Albania exported $2.34k to Madagascar. The main products that Albania exported to Madagascar were Labels ($2.34k). Over the past 8 years the exports of Albania to Madagascar have decreased at an annualized rate of 14.5%,  from $28.4k in 2013 to $2.34k in 2021.

In 2021, Albania did not export any services to Madagascar.

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $14.8k to Albania. There were not main exports from Madagascar to Albania in 2021. During the last 8 years the exports of Madagascar to Albania have decreased at an annualized rate of 27.9%, from $202k in 2013 to $14.8k in 2021.

In 2017, Albania exported $2.34k to Madagascar. The main products exported from Albania to Madagascar were Labels ($2.34k). During the last 5 years the exports of Albania to Madagascar have decreased at an annualized rate of 14.5%, from $28.4k in 2022 to $2.34k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Albania (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Madagascar than Albania included United States ($756M), France ($634M), and Japan ($448M).

In 2022, countries that imported more from Albania than Madagascar included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Madagascar - Albania

Flow
Scale

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

During 2021, Madagascar had a large net trade with Albania in the exports of .

During 2017, Albania had a large net trade with Madagascar in the exports of Textiles ($2.34k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Albania+$1.91kRefined Petroleum
Top Product Potential Albania Madagascar+$2.03kRefined 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 Madagascar and Albania. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Madagascar.

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

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