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2022
Flag → Flag
Exports $24.3MRnk 20 / 157
2022
Flag → Flag
Top Product $10.6MRaw Nickel
2022
Flag → Flag
Exports $57MRnk 107 / 222
2022
Flag → Flag
Top Product $32.5MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Madagascar-Belgium Trade: In 2022, Madagascar exported $24.3M to Belgium. The main products that Madagascar exported to Belgium were Raw Nickel ($10.6M), Vanilla ($6.24M), and Cocoa Beans ($3.01M). Over the past 5 years the exports of Madagascar to Belgium have decreased at an annualized rate of 0.72%, from $25.2M in 2017 to $24.3M in 2022.

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

Belgium-Madagascar Trade: In 2022, Belgium exported $57M to Madagascar. The main products that Belgium exported to Madagascar were Vaccines, blood, antisera, toxins and cultures ($32.5M), Delivery Trucks ($11.8M), and Cars ($8.26M). Over the past 5 years the exports of Belgium to Madagascar have increased at an annualized rate of 24.6%,  from $19M in 2017 to $57M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $24.3M to Belgium. The main products exported from Madagascar to Belgium were Raw Nickel ($10.6M), Vanilla ($6.24M), and Cocoa Beans ($3.01M). During the last 5 years the exports of Madagascar to Belgium have decreased at an annualized rate of 0.72%, from $25.2M in 2017 to $24.3M in 2022.

In 2017, Belgium exported $57M to Madagascar. The main products exported from Belgium to Madagascar were Vaccines, blood, antisera, toxins and cultures ($32.5M), Delivery Trucks ($11.8M), and Cars ($8.26M). During the last 18 years the exports of Belgium to Madagascar have increased at an annualized rate of 24.6%, from $19M in 1999 to $57M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Belgium (Flag)

Madagascar Exports

Belgium Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Madagascar than Belgium included Comoros ($7.03M) and Turks and Caicos Islands ($322k).

In 2022, countries that imported more from Belgium than Madagascar included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Madagascar - Belgium

Flow
Scale

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

During 2022, Madagascar had a large net trade with Belgium in the exports of Vegetable Products ($11M), Metals ($10.9M), and Foodstuffs ($4.61M).

During 2017, Belgium had a large net trade with Madagascar in the exports of Chemical Products ($43.6M), Transportation ($27.3M), and Machines ($22.4M).

Economic Complexity

Competitive Landscape

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

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

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