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Pricing

2022
Flag → Flag
Exports $352kRnk 97 / 157
2022
Flag → Flag
Top Product $64.8kCocoa Beans
2022
Flag → Flag
Exports $3.65MRnk 22 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 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$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Madagascar-Armenia Trade: In 2022, Madagascar exported $352k to Armenia. The main products that Madagascar exported to Armenia were Cocoa Beans ($64.8k), Precious Stones ($56.8k), and Knit Sweaters ($55.8k). Over the past 5 years the exports of Madagascar to Armenia have increased at an annualized rate of 19.2%, from $146k in 2017 to $352k in 2022.

In 2022, Madagascar did not export any services to Armenia.

Armenia-Madagascar In N/A, Armenia did not export any products to Madagascar.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $352k to Armenia. The main products exported from Madagascar to Armenia were Cocoa Beans ($64.8k), Precious Stones ($56.8k), and Knit Sweaters ($55.8k). During the last 5 years the exports of Madagascar to Armenia have increased at an annualized rate of 19.2%, from $146k in 2017 to $352k in 2022.

Armenia does not register exports to Madagascar.

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

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

Latest Data

Trade between Madagascar (Flag) and Armenia (Flag)

Madagascar Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Madagascar included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Madagascar - Armenia

Flow
Scale

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

During 2022, Madagascar had a large net trade with Armenia in the exports of Textiles ($215k), Foodstuffs ($65.2k), and Precious Metals ($56.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Armenia+$116kKnit Sweaters
Top Product Potential Armenia Madagascar+$1.82kCars

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

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

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