Madagascar (MDG) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Madagascar-Azerbaijan Trade: In 2023, Madagascar exported $538k to Azerbaijan. The main products that Madagascar exported to Azerbaijan were Cloves ($205k), Non-Knit Women's Suits ($78.1k), and Non-Knit Men's Shirts ($47.8k). Over the past 5 years the exports of Madagascar to Azerbaijan have increased at an annualized rate of 5.39%, from $414k in 2018 to $538k in 2023.

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

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

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

Comparison: In 2023, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $538k to Azerbaijan. The main products exported from Madagascar to Azerbaijan were Cloves ($205k), Non-Knit Women's Suits ($78.1k), and Non-Knit Men's Shirts ($47.8k). During the last 5 years the exports of Madagascar to Azerbaijan have increased at an annualized rate of 5.39%, from $414k in 2018 to $538k in 2023.

Azerbaijan does not register exports to Madagascar.

Exports from Madagascar () to Azerbaijan () (2023)

Exports from Azerbaijan () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Azerbaijan ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Azerbaijan
Top DestinationItaly$11.4B

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

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

In 2023, countries that imported more from Azerbaijan than Madagascar included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Madagascar - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Azerbaijan in the exports of Textiles ($268k), Vegetable Products ($218k), and Metals ($28.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Azerbaijan+$155kNon-Knit Women's Suits

Top Product Potential Azerbaijan Madagascar+$3.19kRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Azerbaijan () (2023)

Exports from Azerbaijan () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Azerbaijan ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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