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2023
Flag → Flag
Exports $165MRnk 7 / 156
2023
Flag → Flag
Top Product $157MCloves
2023
Flag → Flag
Exports $49.2MRnk 122 / 213
2023
Flag → Flag
Top Product $10MSoap
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Madagascar-Indonesia Trade: In 2023, Madagascar exported $165M to Indonesia. The main products that Madagascar exported to Indonesia were Cloves ($157M), Essential Oils ($2.66M), and Processed Hair ($1.66M). Over the past 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 16.6%, from $76.7M in 2018 to $165M in 2023.

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

Indonesia-Madagascar Trade: In 2023, Indonesia exported $49.2M to Madagascar. The main products that Indonesia exported to Madagascar were Soap ($10M), Palm Oil ($4.31M), and Stearic Acid ($4.21M). Over the past 5 years the exports of Indonesia to Madagascar have decreased at an annualized rate of 1.8%,  from $53.8M in 2018 to $49.2M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $165M to Indonesia. The main products exported from Madagascar to Indonesia were Cloves ($157M), Essential Oils ($2.66M), and Processed Hair ($1.66M). During the last 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 16.6%, from $76.7M in 2018 to $165M in 2023.

In 2018, Indonesia exported $49.2M to Madagascar. The main products exported from Indonesia to Madagascar were Soap ($10M), Palm Oil ($4.31M), and Stearic Acid ($4.21M). During the last 5 years the exports of Indonesia to Madagascar have decreased at an annualized rate of 1.8%, from $53.8M in 2023 to $49.2M in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Indonesia (Flag)

Madagascar Exports

Indonesia Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Indonesia
Top DestinationChina$70.7B

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 2023, countries that imported more from Madagascar than Indonesia included Comoros ($7.69M), Eritrea ($313k), and San Marino ($3.79k).

In 2023, countries that imported more from Indonesia than Madagascar included China ($70.7B), United States ($27.9B), and India ($24B).

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

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 2023, Madagascar had a large net trade with Indonesia in the exports of Vegetable Products ($158M), Chemical Products ($4.01M), and Footwear and Headwear ($1.73M).

During 2018, Indonesia had a large net trade with Madagascar in the exports of Chemical Products ($14.9M), Animal and Vegetable Bi-Products ($9.19M), and Paper Goods ($8.42M).

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) (2023)

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