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2022
Flag → Flag
Exports $147MRnk 9 / 157
2022
Flag → Flag
Top Product $107MCloves
2022
Flag → Flag
Exports $79.5MRnk 104 / 216
2022
Flag → Flag
Top Product $13.3MSoap
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Madagascar-Indonesia Trade: In 2022, Madagascar exported $147M to Indonesia. The main products that Madagascar exported to Indonesia were Cloves ($107M), Essential Oils ($31.8M), and Fake Hair ($2.97M). Over the past 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 42.3%, from $25.2M in 2017 to $147M in 2022.

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

Indonesia-Madagascar Trade: In 2022, Indonesia exported $79.5M to Madagascar. The main products that Indonesia exported to Madagascar were Soap ($13.3M), Palm Oil ($11.9M), and Cranes ($5.62M). Over the past 5 years the exports of Indonesia to Madagascar have increased at an annualized rate of 1.13%,  from $75.2M in 2017 to $79.5M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $147M to Indonesia. The main products exported from Madagascar to Indonesia were Cloves ($107M), Essential Oils ($31.8M), and Fake Hair ($2.97M). During the last 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 42.3%, from $25.2M in 2017 to $147M in 2022.

In 2017, Indonesia exported $79.5M to Madagascar. The main products exported from Indonesia to Madagascar were Soap ($13.3M), Palm Oil ($11.9M), and Cranes ($5.62M). During the last 5 years the exports of Indonesia to Madagascar have increased at an annualized rate of 1.13%, from $75.2M in 2022 to $79.5M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Indonesia (Flag)

Madagascar Exports

Indonesia Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Madagascar than Indonesia included Comoros ($7.03M).

In 2022, countries that imported more from Indonesia than Madagascar included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Madagascar - Indonesia

Flow
Scale

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

During 2022, Madagascar had a large net trade with Indonesia in the exports of Vegetable Products ($108M), Chemical Products ($33.7M), and Footwear and Headwear ($3.44M).

During 2017, Indonesia had a large net trade with Madagascar in the exports of Chemical Products ($25.3M), Animal and Vegetable Bi-Products ($17.6M), and Paper Goods ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Indonesia+$1.32MCocoa Beans
Top Product Potential Indonesia Madagascar+$9.74MPalm 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 Indonesia. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Madagascar.

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

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