Madagascar (MDG) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Madagascar-Bolivia Trade: In 2022, Madagascar exported $236k to Bolivia. The main products that Madagascar exported to Bolivia were Cloves ($232k), Non-Knit Men's Shirts ($3.64k), and Knit T-shirts ($120). Over the past 5 years the exports of Madagascar to Bolivia have increased at an annualized rate of 32.8%, from $57.2k in 2017 to $236k in 2022.

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

Bolivia-Madagascar Trade: In 2022, Bolivia exported $502k to Madagascar. The main products that Bolivia exported to Madagascar were N/A. Over the past 5 years the exports of Bolivia to Madagascar have increased at an annualized rate of 218%, from $1.55k in 2017 to $502k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $236k to Bolivia. The main products exported from Madagascar to Bolivia were Cloves ($232k), Non-Knit Men's Shirts ($3.64k), and Knit T-shirts ($120). During the last 5 years the exports of Madagascar to Bolivia have increased at an annualized rate of 32.8%, from $57.2k in 2017 to $236k in 2022.

In 2015, Bolivia exported $502k to Madagascar. There were not main exports from Bolivia to Madagascar in 2015. During the last 5 years the exports of Bolivia to Madagascar have increased at an annualized rate of 218%, from $1.55k in 2020 to $502k in 2015.

Exports from Madagascar () to Bolivia () (2022)

Exports from Bolivia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Bolivia ()

Madagascar Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Madagascar than Bolivia included France ($634M), United States ($756M), and South Africa ($152M).

In 2022, countries that imported more from Bolivia than Madagascar included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

Comparative Advantage Madagascar - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Bolivia in the exports of Vegetable Products ($232k) and Textiles ($3.77k).

During 2015, Bolivia had a large net trade with Madagascar in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Bolivia+$18.9kCloves

Top Product Potential Bolivia Madagascar+$2.35kSoybean Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Bolivia () (2022)

Exports from Bolivia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Bolivia ()

Madagascar Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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