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Pricing

2021
Flag → Flag
Exports $88kRnk 102 / 0
2021
Flag → Flag
Exports $17.1kRnk 105 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.52Rnk 88 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$31.7BCURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP GROWTH71.2%CURRENT US$
Rnk 28 / 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$3,040CURRENT US$
Rnk 132 / 186
2012-2022
Flag
GDP PC GROWTH44.3%CURRENT US$
Rnk 42 / 186

About

Madagascar-Honduras Trade: In 2021, Madagascar exported $88k to Honduras. The main products that Madagascar exported to Honduras were N/A. Over the past 5 years the exports of Madagascar to Honduras have increased at an annualized rate of 8.65%, from $58.2k in 2016 to $88k in 2021.

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

Honduras-Madagascar Trade: In 2021, Honduras exported $17.1k to Madagascar. The main products that Honduras exported to Madagascar were N/A. Over the past 5 years the exports of Honduras to Madagascar have decreased at an annualized rate of 22.9%,  from $136k in 2016 to $17.1k in 2021.

In 2021, Honduras 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, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $88k to Honduras. There were not main exports from Madagascar to Honduras in 2021. During the last 5 years the exports of Madagascar to Honduras have increased at an annualized rate of 8.65%, from $58.2k in 2016 to $88k in 2021.

In 2012, Honduras exported $17.1k to Madagascar. There were not main exports from Honduras to Madagascar in 2012. During the last 5 years the exports of Honduras to Madagascar have decreased at an annualized rate of 22.9%, from $136k in 2017 to $17.1k in 2012.

Exports from Madagascar (Flag) to Honduras (Flag) (2021)

Exports from Honduras (Flag) to Madagascar (Flag) (2021)

Latest Data

Trade between Madagascar (Flag) and Honduras (Flag)

Madagascar Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Honduras
Top DestinationUnited States$6.31B

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

In 2022, countries that imported more from Madagascar than Honduras included France ($634M), China ($538M), and Japan ($448M).

In 2022, countries that imported more from Honduras than Madagascar included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).

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

Comparative Advantage Madagascar - Honduras

Flow
Scale

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

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

During 2012, Honduras had a large net trade with Madagascar in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Honduras+$2.45kRefined Petroleum
Top Product Potential Honduras Madagascar+$2.33kPalm Oil

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

Product Space of Madagascar (Flag) and Honduras (Flag) (2021)

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