Madagascar-Spain Trade: In 2022, Madagascar exported $39.3M to Spain. The main products that Madagascar exported to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). Over the past 5 years the exports of Madagascar to Spain have decreased at an annualized rate of 13.2%, from $79.9M in 2017 to $39.3M in 2022.
In 2022, Madagascar did not export any services to Spain.
Spain-Madagascar Trade: In 2022, Spain exported $51.7M to Madagascar. The main products that Spain exported to Madagascar were Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). Over the past 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.55%, from $53.2M in 2017 to $51.7M in 2022.
In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).