Madagascar (MDG) and India (IND) Trade | The Observatory of Economic Complexity

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Madagascar-India Trade: In 2023, Madagascar exported $152M to India. The main products that Madagascar exported to India were Cloves ($77.1M), Essential Oils ($14.9M), and Dried Legumes ($12.2M). Over the past 5 years the exports of Madagascar to India have increased at an annualized rate of 2.68%, from $133M in 2018 to $152M in 2023.

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

India-Madagascar Trade: In 2023, India exported $420M to Madagascar. The main products that India exported to Madagascar were Rice ($148M), Refined Petroleum ($42.2M), and Iron Pipes ($29M). Over the past 5 years the exports of India to Madagascar have increased at an annualized rate of 11.5%, from $244M in 2018 to $420M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $152M to India. The main products exported from Madagascar to India were Cloves ($77.1M), Essential Oils ($14.9M), and Dried Legumes ($12.2M). During the last 5 years the exports of Madagascar to India have increased at an annualized rate of 2.68%, from $133M in 2018 to $152M in 2023.

In 2018, India exported $420M to Madagascar. The main products exported from India to Madagascar were Rice ($148M), Refined Petroleum ($42.2M), and Iron Pipes ($29M). During the last 5 years the exports of India to Madagascar have increased at an annualized rate of 11.5%, from $244M in 2023 to $420M in 2018.

Exports from Madagascar () to India () (2023)

Exports from India () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and India ()

Madagascar Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

India
Top DestinationUnited States$85.5B

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

In 2023, no countries were registered that imported more from Madagascar than from India.

In 2023, countries that imported more from India than Madagascar included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India () and Madagascar () (2023)

Comparative Advantage Madagascar - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with India in the exports of Vegetable Products ($97.1M), Chemical Products ($20.1M), and Metals ($13.9M).

During 2018, India had a large net trade with Madagascar in the exports of Vegetable Products ($149M), Chemical Products ($58.1M), and Mineral Products ($43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar India+$6.93MDried Legumes

Top Product Potential India Madagascar+$67.4MRefined Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Madagascar and India. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Madagascar.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to India () (2023)

Exports from India () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and India ()

Madagascar Exports

India Exports

Market Competitiveness

Difference in imports from India () and Madagascar () (2023)

Comparative Advantage Madagascar - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and India () (2023)

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