2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH
27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP
$3.05TCURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP GROWTH
8.37%CURRENT US$
Rnk 159 / 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
$44,691CURRENT US$
Rnk 30 / 196
2013-2023
Flag
GDP PC GROWTH
4.74%CURRENT US$
Rnk 146 / 195

About

Madagascar-France Trade: In 2023, Madagascar exported $641M to France. The main products that Madagascar exported to France were Crustaceans ($94.3M), Vanilla ($92.5M), and Scarves ($51.4M). Over the past 5 years the exports of Madagascar to France have decreased at an annualized rate of 2.79%, from $739M in 2018 to $641M in 2023.

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

France-Madagascar Trade: In 2023, France exported $515M to Madagascar. The main products that France exported to Madagascar were Packaged Medicaments ($36.4M), Non-fillet Frozen Fish ($31.4M), and Silk Fabrics ($29M). Over the past 5 years the exports of France to Madagascar have decreased at an annualized rate of 0.22%,  from $521M in 2018 to $515M in 2023.

In 2023, France 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, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $641M to France. The main products exported from Madagascar to France were Crustaceans ($94.3M), Vanilla ($92.5M), and Scarves ($51.4M). During the last 5 years the exports of Madagascar to France have decreased at an annualized rate of 2.79%, from $739M in 2018 to $641M in 2023.

In 2018, France exported $515M to Madagascar. The main products exported from France to Madagascar were Packaged Medicaments ($36.4M), Non-fillet Frozen Fish ($31.4M), and Silk Fabrics ($29M). During the last 5 years the exports of France to Madagascar have decreased at an annualized rate of 0.22%, from $521M in 2023 to $515M in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and France (Flag)

Madagascar Exports

France Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$669M
France
Top Destination
Germany$72.8B

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

In 2023, no countries were registered that imported more from Madagascar than from France.

In 2023, countries that imported more from France than Madagascar included Germany ($72.8B), Italy ($56.3B), and United States ($51.2B).

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

Comparative Advantage Madagascar - France

Flow
Scale

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

During 2023, Madagascar had a large net trade with France in the exports of Textiles ($228M), Vegetable Products ($149M), and Animal Products ($100M).

During 2018, France had a large net trade with Madagascar in the exports of Textiles ($106M), Machines ($103M), and Chemical Products ($65M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar France+$13.8MKnit Sweaters
Top Product Potential France Madagascar+$5.34MRefined Petroleum

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

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

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