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Pricing

2022
Flag → Flag
Exports $5.37MRnk 37 / 157
2022
Flag → Flag
Top Product $1MPrecious Stones
2022
Flag → Flag
Exports $49.6MRnk 80 / 198
2022
Flag → Flag
Top Product $6.55MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Madagascar-Hong Kong Trade: In 2022, Madagascar exported $5.37M to Hong Kong. The main products that Madagascar exported to Hong Kong were Precious Stones ($1M), Fake Hair ($893k), and Processed Crustaceans ($874k). Over the past 5 years the exports of Madagascar to Hong Kong have decreased at an annualized rate of 25%, from $22.7M in 2017 to $5.37M in 2022.

In 2022, Madagascar did not export any services to Hong Kong.

Hong Kong-Madagascar Trade: In 2022, Hong Kong exported $49.6M to Madagascar. The main products that Hong Kong exported to Madagascar were Broadcasting Equipment ($6.55M), Light Rubberized Knitted Fabric ($3.42M), and Paper Labels ($3.08M). Over the past 5 years the exports of Hong Kong to Madagascar have increased at an annualized rate of 11.3%,  from $29M in 2017 to $49.6M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $5.37M to Hong Kong. The main products exported from Madagascar to Hong Kong were Precious Stones ($1M), Fake Hair ($893k), and Processed Crustaceans ($874k). During the last 5 years the exports of Madagascar to Hong Kong have decreased at an annualized rate of 25%, from $22.7M in 2017 to $5.37M in 2022.

In 2017, Hong Kong exported $49.6M to Madagascar. The main products exported from Hong Kong to Madagascar were Broadcasting Equipment ($6.55M), Light Rubberized Knitted Fabric ($3.42M), and Paper Labels ($3.08M). During the last 5 years the exports of Hong Kong to Madagascar have increased at an annualized rate of 11.3%, from $29M in 2022 to $49.6M in 2017.

Exports from Madagascar (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Hong Kong (Flag)

Madagascar Exports

Hong Kong Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Madagascar than Hong Kong included Mauritius ($44.7M), Comoros ($7.03M), and Turks and Caicos Islands ($322k).

In 2022, countries that imported more from Hong Kong than Madagascar included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Hong Kong

Flow
Scale

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

During 2022, Madagascar had a large net trade with Hong Kong in the exports of Textiles ($1.49M), Precious Metals ($1M), and Footwear and Headwear ($895k).

During 2017, Hong Kong had a large net trade with Madagascar in the exports of Machines ($16.4M), Textiles ($15.2M), and Plastics and Rubbers ($4.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Hong Kong+$1.54MPrecious Stones
Top Product Potential Hong Kong Madagascar+$2.1MTelephones

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

Product Space of Madagascar (Flag) and Hong Kong (Flag) (2022)

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