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2021
Flag → Flag
Exports $73.6kRnk 24 / 0
2021
Flag → Flag
Exports $233kRnk 95 / 125
2021
Flag → Flag
Top Product $179kTractors
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 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$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

Madagascar-Belarus Trade: In 2021, Madagascar exported $73.6k to Belarus. The main products that Madagascar exported to Belarus were N/A. Over the past 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 47.8%, from $1.9M in 2016 to $73.6k in 2021.

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

Belarus-Madagascar Trade: In 2021, Belarus exported $233k to Madagascar. The main products that Belarus exported to Madagascar were Tractors ($179k), Soil Preparation Machinery ($53.2k), and Electrical Lighting and Signalling Equipment ($218). Over the past 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 31.4%,  from $1.54M in 2016 to $233k in 2021.

In 2014, Belarus exported services to Madagascar worth $0, with being the largest in terms of value.

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $73.6k to Belarus. There were not main exports from Madagascar to Belarus in 2021. During the last 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 47.8%, from $1.9M in 2016 to $73.6k in 2021.

In 2017, Belarus exported $233k to Madagascar. The main products exported from Belarus to Madagascar were Tractors ($179k), Soil Preparation Machinery ($53.2k), and Electrical Lighting and Signalling Equipment ($218). During the last 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 31.4%, from $1.54M in 2022 to $233k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Belarus (Flag)

Belarus Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Belarus
Top DestinationChina$1.6B

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

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

In 2022, countries that imported more from Belarus than Madagascar included Ukraine ($1.29B), China ($1.6B), and Poland ($933M).

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

Comparative Advantage Madagascar - Belarus

Flow
Scale

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

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

During 2017, Belarus had a large net trade with Madagascar in the exports of Transportation ($179k), Machines ($53.4k), and Plastics and Rubbers ($82).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Belarus+$1.83kKnit Sweaters
Top Product Potential Belarus Madagascar+$89.4kTractors

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

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

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