Madagascar (MDG) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Madagascar-Finland Trade: In 2023, Madagascar exported $4.36M to Finland. The main products that Madagascar exported to Finland were Non-Knit Men's Suits ($1.34M), Non-Knit Active Wear ($1.2M), and Vanilla ($360k). Over the past 5 years the exports of Madagascar to Finland have decreased at an annualized rate of 11%, from $7.8M in 2018 to $4.36M in 2023.

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

Finland-Madagascar Trade: In 2023, Finland exported $2.62M to Madagascar. The main products that Finland exported to Madagascar were Broadcasting Equipment ($914k), Telephones ($347k), and Sulfate Chemical Woodpulp ($251k). Over the past 5 years the exports of Finland to Madagascar have increased at an annualized rate of 14.1%, from $1.35M in 2018 to $2.62M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $4.36M to Finland. The main products exported from Madagascar to Finland were Non-Knit Men's Suits ($1.34M), Non-Knit Active Wear ($1.2M), and Vanilla ($360k). During the last 5 years the exports of Madagascar to Finland have decreased at an annualized rate of 11%, from $7.8M in 2018 to $4.36M in 2023.

In 2018, Finland exported $2.62M to Madagascar. The main products exported from Finland to Madagascar were Broadcasting Equipment ($914k), Telephones ($347k), and Sulfate Chemical Woodpulp ($251k). During the last 5 years the exports of Finland to Madagascar have increased at an annualized rate of 14.1%, from $1.35M in 2023 to $2.62M in 2018.

Exports from Madagascar () to Finland () (2023)

Exports from Finland () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Finland ()

Madagascar Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Madagascar than Finland included Mauritius ($46.5M), Comoros ($7.69M), and Ethiopia ($12.6M).

In 2023, countries that imported more from Finland than Madagascar included Germany ($9.26B), United States ($9.68B), and Sweden ($8.13B).

Difference in imports from Finland () and Madagascar () (2023)

Comparative Advantage Madagascar - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Finland in the exports of Textiles ($3.7M), Vegetable Products ($435k), and Foodstuffs ($142k).

During 2018, Finland had a large net trade with Madagascar in the exports of Machines ($1.77M), Paper Goods ($441k), and Metals ($131k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Finland+$1.26MNon-Knit Men's Suits

Top Product Potential Finland Madagascar+$452kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Finland () (2023)

Exports from Finland () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Finland ()

Madagascar Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Madagascar () (2023)

Comparative Advantage Madagascar - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Finland () (2023)

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