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2023
Flag → Flag
Exports $196kRnk 109 / 156
2023
Flag → Flag
Top Product $77.8kKnit Sweaters
2023
Flag → Flag
Exports $92.8kRnk 165 / 196
2023
Flag → Flag
Top Product $22.8kLeather Footwear
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Madagascar-Cyprus Trade: In 2023, Madagascar exported $196k to Cyprus. The main products that Madagascar exported to Cyprus were Knit Sweaters ($77.8k), Dried Legumes ($70.4k), and Trunks and Cases ($7.95k). Over the past 5 years the exports of Madagascar to Cyprus have decreased at an annualized rate of 0.22%, from $198k in 2018 to $196k in 2023.

In 2023, Madagascar did not export any services to Cyprus.

Cyprus-Madagascar Trade: In 2023, Cyprus exported $92.8k to Madagascar. The main products that Cyprus exported to Madagascar were Leather Footwear ($22.8k), Fruit Juice ($14.4k), and Other Cloth Articles ($14.2k). Over the past 5 years the exports of Cyprus to Madagascar have decreased at an annualized rate of 9.36%,  from $152k in 2018 to $92.8k in 2023.

In 2023, Cyprus did not export any services to Madagascar.

Comparison In 2023,  Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15),  and 133 in total exports ($4.3B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $196k to Cyprus. The main products exported from Madagascar to Cyprus were Knit Sweaters ($77.8k), Dried Legumes ($70.4k), and Trunks and Cases ($7.95k). During the last 5 years the exports of Madagascar to Cyprus have decreased at an annualized rate of 0.22%, from $198k in 2018 to $196k in 2023.

In 2018, Cyprus exported $92.8k to Madagascar. The main products exported from Cyprus to Madagascar were Leather Footwear ($22.8k), Fruit Juice ($14.4k), and Other Cloth Articles ($14.2k). During the last 5 years the exports of Cyprus to Madagascar have decreased at an annualized rate of 9.36%, from $152k in 2023 to $92.8k in 2018.

Exports from Madagascar (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Cyprus (Flag)

Madagascar Exports

Cyprus Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Madagascar than Cyprus included France ($641M), United States ($669M), and Japan ($345M).

In 2023, countries that imported more from Cyprus than Madagascar included Libya ($775M), Greece ($626M), and Lebanon ($438M).

Difference in imports from Cyprus (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Cyprus

Flow
Scale

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

During 2023, Madagascar had a large net trade with Cyprus in the exports of Textiles ($97.1k), Vegetable Products ($76.3k), and Animal Hides ($7.95k).

During 2018, Cyprus had a large net trade with Madagascar in the exports of Footwear and Headwear ($39.2k), Textiles ($23k), and Foodstuffs ($15.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Madagascar (Flag) and Cyprus (Flag) (2023)

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