2022
Flag  
GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Madagascar-Ghana Trade: In 2022, Madagascar exported $1.8M to Ghana. The main products that Madagascar exported to Ghana were Nitrogenous Fertilizers ($1.11M), Cloves ($170k), and Coconut and Other Vegetable Fibers ($158k). Over the past 5 years the exports of Madagascar to Ghana have increased at an annualized rate of 51.9%, from $223k in 2017 to $1.8M in 2022.

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

Ghana-Madagascar Trade: In 2022, Ghana exported $440k to Madagascar. The main products that Ghana exported to Madagascar were Packaged Medicaments ($111k), Awnings, Tents, and Sails ($75.4k), and Sports Equipment ($65.4k). Over the past 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 53.4%,  from $51.8k in 2017 to $440k in 2022.

In 2022, Ghana 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, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.8M to Ghana. The main products exported from Madagascar to Ghana were Nitrogenous Fertilizers ($1.11M), Cloves ($170k), and Coconut and Other Vegetable Fibers ($158k). During the last 5 years the exports of Madagascar to Ghana have increased at an annualized rate of 51.9%, from $223k in 2017 to $1.8M in 2022.

In 2017, Ghana exported $440k to Madagascar. The main products exported from Ghana to Madagascar were Packaged Medicaments ($111k), Awnings, Tents, and Sails ($75.4k), and Sports Equipment ($65.4k). During the last 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 53.4%, from $51.8k in 2022 to $440k in 2017.

Exports from Madagascar (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Ghana (Flag)

Madagascar Exports

Ghana Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$756M
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Madagascar than Ghana included France ($634M), Japan ($448M), and Indonesia ($147M).

In 2022, countries that imported more from Ghana than Madagascar included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

Difference in imports from Ghana (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Ghana

Flow
Scale

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

During 2022, Madagascar had a large net trade with Ghana in the exports of Chemical Products ($1.11M), Vegetable Products ($254k), and Textiles ($226k).

During 2017, Ghana had a large net trade with Madagascar in the exports of Textiles ($153k), Chemical Products ($111k), and Instruments ($79.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Ghana+$326kNitrogenous Fertilizers
Top Product Potential Ghana Madagascar+$72.8kPackaged Medicaments

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

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

Product Space of Madagascar (Flag) and Ghana (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with