Madagascar (MDG) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Madagascar-Benin Trade: In 2022, Madagascar exported $183k to Benin. The main products that Madagascar exported to Benin were Cloves ($106k), Coconut and Other Vegetable Fibers ($69.6k), and Other Vegetable Products ($5.06k). Over the past 5 years the exports of Madagascar to Benin have increased at an annualized rate of 83.4%, from $8.83k in 2017 to $183k in 2022.

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

Benin-Madagascar Trade: In 2022, Benin exported $21.3k to Madagascar. The main products that Benin exported to Madagascar were Used Clothing ($6.83k), Cars ($4.06k), and Brochures ($2.8k). Over the past 5 years the exports of Benin to Madagascar have decreased at an annualized rate of 46.1%, from $467k in 2017 to $21.3k in 2022.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $183k to Benin. The main products exported from Madagascar to Benin were Cloves ($106k), Coconut and Other Vegetable Fibers ($69.6k), and Other Vegetable Products ($5.06k). During the last 5 years the exports of Madagascar to Benin have increased at an annualized rate of 83.4%, from $8.83k in 2017 to $183k in 2022.

In 2017, Benin exported $21.3k to Madagascar. The main products exported from Benin to Madagascar were Used Clothing ($6.83k), Cars ($4.06k), and Brochures ($2.8k). During the last 5 years the exports of Benin to Madagascar have decreased at an annualized rate of 46.1%, from $467k in 2022 to $21.3k in 2017.

Exports from Madagascar () to Benin () (2022)

Exports from Benin () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Benin ()

Madagascar Exports

Date

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Madagascar than Benin included United States ($756M), France ($634M), and China ($538M).

In 2022, countries that imported more from Benin than Madagascar included Bangladesh ($406M), India ($448M), and United Arab Emirates ($382M).

Difference in imports from Benin () and Madagascar () (2022)

Comparative Advantage Madagascar - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Benin in the exports of Vegetable Products ($112k), Textiles ($69.7k), and Precious Metals ($756).

During 2017, Benin had a large net trade with Madagascar in the exports of Textiles ($8.22k), Transportation ($4.06k), and Metals ($2.83k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Benin+$110kCloves

Top Product Potential Benin Madagascar+$10.6kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Benin () (2022)

Exports from Benin () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Benin ()

Madagascar Exports

Benin Exports

Market Competitiveness

Difference in imports from Benin () and Madagascar () (2022)

Comparative Advantage Madagascar - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Benin () (2022)

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