2022
Flag  
GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
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GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC 
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186

About

Madagascar-Brazil Trade: In 2022, Madagascar exported $3.33M to Brazil. The main products that Madagascar exported to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($1.94M), Ethers ($329k), and Cloves ($236k). Over the past 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 17.1%, from $1.51M in 2017 to $3.33M in 2022.

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

Brazil-Madagascar Trade: In 2022, Brazil exported $41.3M to Madagascar. The main products that Brazil exported to Madagascar were Raw Sugar ($24.2M), Soybean Oil ($6.77M), and Ammonia ($4.75M). Over the past 5 years the exports of Brazil to Madagascar have decreased at an annualized rate of 8.3%,  from $63.7M in 2017 to $41.3M in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $3.33M to Brazil. The main products exported from Madagascar to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($1.94M), Ethers ($329k), and Cloves ($236k). During the last 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 17.1%, from $1.51M in 2017 to $3.33M in 2022.

In 2017, Brazil exported $41.3M to Madagascar. The main products exported from Brazil to Madagascar were Raw Sugar ($24.2M), Soybean Oil ($6.77M), and Ammonia ($4.75M). During the last 5 years the exports of Brazil to Madagascar have decreased at an annualized rate of 8.3%, from $63.7M in 2022 to $41.3M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Brazil (Flag)

Madagascar Exports

Brazil Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$756M
Brazil
Top Destination
China$90.1B

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

In 2022, countries that imported more from Madagascar than Brazil included North Korea ($1.51k).

In 2022, countries that imported more from Brazil than Madagascar included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Madagascar - Brazil

Flow
Scale

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

During 2022, Madagascar had a large net trade with Brazil in the exports of Mineral Products ($1.96M), Chemical Products ($471k), and Textiles ($368k).

During 2017, Brazil had a large net trade with Madagascar in the exports of Foodstuffs ($24.9M), Animal and Vegetable Bi-Products ($6.77M), and Chemical Products ($4.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Brazil+$440kNiobium, Tantalum, Vanadium and Zirconium Ore
Top Product Potential Brazil Madagascar+$1.49MSoybean 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

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

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

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