Madagascar (MDG) and Georgia (GEO) Trade | The Observatory of Economic Complexity

About

Madagascar-Georgia Trade: In 2022, Madagascar exported $148k to Georgia. The main products that Madagascar exported to Georgia were Dried Legumes ($105k) and Mica ($43.4k). Over the past 6 years the exports of Madagascar to Georgia have increased at an annualized rate of 125%, from $1.16k in 2016 to $148k in 2022.

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

Georgia-Madagascar Trade: In 2022, Georgia exported $139k to Madagascar. The main products that Georgia exported to Madagascar were Cars ($139k). Over the past 6 years the exports of Georgia to Madagascar have increased at an annualized rate of 134%, from $1.97k in 2016 to $139k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $148k to Georgia. The main products exported from Madagascar to Georgia were Dried Legumes ($105k) and Mica ($43.4k). During the last 6 years the exports of Madagascar to Georgia have increased at an annualized rate of 125%, from $1.16k in 2016 to $148k in 2022.

In 2017, Georgia exported $139k to Madagascar. The main products exported from Georgia to Madagascar were Cars ($139k). During the last 5 years the exports of Georgia to Madagascar have increased at an annualized rate of 134%, from $1.97k in 2022 to $139k in 2017.

Exports from Madagascar () to Georgia () (2022)

Exports from Georgia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Georgia ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Madagascar than Georgia included France ($634M), Japan ($448M), and United States ($756M).

In 2022, countries that imported more from Georgia than Madagascar included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

Difference in imports from Georgia () and Madagascar () (2022)

Comparative Advantage Madagascar - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Georgia in the exports of Vegetable Products ($105k) and Mineral Products ($43.4k).

During 2017, Georgia had a large net trade with Madagascar in the exports of Transportation ($139k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Georgia+$33.4kDried Legumes

Top Product Potential Georgia Madagascar+$55.9kCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Georgia () (2022)

Exports from Georgia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Georgia ()

Madagascar Exports

Market Competitiveness

Difference in imports from Georgia () and Madagascar () (2022)

Comparative Advantage Madagascar - Georgia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Georgia () (2022)

Keep Exploring