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

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Madagascar-Georgia Trade: In 2023, Madagascar exported $61.4k to Georgia. The main products that Madagascar exported to Georgia were Mica ($61.4k). Over the past 6 years the exports of Madagascar to Georgia have increased at an annualized rate of 44.7%, from $6.68k in 2017 to $61.4k in 2023.

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

Georgia-Madagascar Trade: In 2023, Georgia exported $11.7k to Madagascar. The main products that Georgia exported to Madagascar were Other Furniture ($10.8k), Wood Carpentry ($324), and Glass Mirrors ($293). Over the past 6 years the exports of Georgia to Madagascar have decreased at an annualized rate of 44.8%, from $228k in 2017 to $11.7k in 2023.

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $61.4k to Georgia. The main products exported from Madagascar to Georgia were Mica ($61.4k). During the last 6 years the exports of Madagascar to Georgia have increased at an annualized rate of 44.7%, from $6.68k in 2017 to $61.4k in 2023.

In 2018, Georgia exported $11.7k to Madagascar. The main products exported from Georgia to Madagascar were Other Furniture ($10.8k), Wood Carpentry ($324), and Glass Mirrors ($293). During the last 5 years the exports of Georgia to Madagascar have decreased at an annualized rate of 44.8%, from $228k in 2023 to $11.7k in 2018.

Exports from Madagascar () to Georgia () (2023)

Exports from Georgia () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Georgia ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Georgia than Madagascar included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

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

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 2023, Madagascar had a large net trade with Georgia in the exports of Mineral Products ($61.4k).

During 2018, Georgia had a large net trade with Madagascar in the exports of Miscellaneous ($10.8k), Stone And Glass ($419), and Wood Products ($324).

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.

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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 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 () (2023)

Exports from Georgia () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Georgia ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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