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Pricing

2021
Flag → Flag
Exports $14.9kRnk 13 / 0
2021
Flag → Flag
Exports $53.3kRnk 59 / 105
2021
Flag → Flag
Top Product $53.3kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Madagascar-Guinea Trade: In 2021, Madagascar exported $14.9k to Guinea. The main products that Madagascar exported to Guinea were N/A. Over the past 5 years the exports of Madagascar to Guinea have decreased at an annualized rate of 18.4%, from $41.2k in 2016 to $14.9k in 2021.

In 2021, Madagascar did not export any services to Guinea.

Guinea-Madagascar Trade: In 2021, Guinea exported $53.3k to Madagascar. The main products that Guinea exported to Madagascar were Refined Petroleum ($53.3k). Over the past 5 years the exports of Guinea to Madagascar have increased at an annualized rate of 55.6%,  from $5.84k in 2016 to $53.3k in 2021.

In 2021, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $14.9k to Guinea. There were not main exports from Madagascar to Guinea in 2021. During the last 5 years the exports of Madagascar to Guinea have decreased at an annualized rate of 18.4%, from $41.2k in 2016 to $14.9k in 2021.

In 2017, Guinea exported $53.3k to Madagascar. The main products exported from Guinea to Madagascar were Refined Petroleum ($53.3k). During the last 5 years the exports of Guinea to Madagascar have increased at an annualized rate of 55.6%, from $5.84k in 2022 to $53.3k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Guinea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Guinea
Top DestinationChina$3.81B

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

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

In 2022, countries that imported more from Guinea than Madagascar included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

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

Comparative Advantage Madagascar - Guinea

Flow
Scale

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

During 2021, Madagascar had a large net trade with Guinea in the exports of .

During 2017, Guinea had a large net trade with Madagascar in the exports of Mineral Products ($53.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Guinea+$2.27kRefined Petroleum
Top Product Potential Guinea Madagascar+$84.1kRefined 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 Guinea. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Madagascar.

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

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