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2023
Flag → Flag
Exports $95.1kRnk 124 / 156
2023
Flag → Flag
Top Product $26.8kNon-Knit Men's Shirts
2023
Flag → Flag
Exports $17.1kRnk 117 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.53Rnk 88 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH55.3%CURRENT US$
Rnk 38 / 195

About

Madagascar-Honduras Trade: In 2023, Madagascar exported $95.1k to Honduras. The main products that Madagascar exported to Honduras were Non-Knit Men's Shirts ($26.8k), Non-Knit Women's Suits ($16.9k), and Knit Sweaters ($13.8k). Over the past 6 years the exports of Madagascar to Honduras have increased at an annualized rate of 9.3%, from $55.8k in 2017 to $95.1k in 2023.

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

Honduras-Madagascar Trade: In 2023, Honduras exported $17.1k to Madagascar. The main products that Honduras exported to Madagascar were N/A. Over the past 6 years the exports of Honduras to Madagascar have decreased at an annualized rate of 34.9%,  from $146k in 2017 to $17.1k in 2023.

In 2023, Honduras 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, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $95.1k to Honduras. The main products exported from Madagascar to Honduras were Non-Knit Men's Shirts ($26.8k), Non-Knit Women's Suits ($16.9k), and Knit Sweaters ($13.8k). During the last 6 years the exports of Madagascar to Honduras have increased at an annualized rate of 9.3%, from $55.8k in 2017 to $95.1k in 2023.

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 34.9%, from $146k in 2017 to $17.1k in 2012.

Exports from Madagascar (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Honduras (Flag)

Madagascar Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Honduras
Top DestinationUnited States$5.87B

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 2023, countries that imported more from Madagascar than Honduras included France ($641M), Japan ($345M), and South Korea ($271M).

In 2023, countries that imported more from Honduras than Madagascar included United States ($5.87B), Nicaragua ($980M), and El Salvador ($796M).

Difference in imports from Honduras (Flag) and Madagascar (Flag) (2023)

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 2023, Madagascar had a large net trade with Honduras in the exports of Textiles ($90.6k), Machines ($4.29k), and Chemical Products ($123).

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) (2023)

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