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2022
Flag → Flag
Exports $123MRnk 11 / 157
2022
Flag → Flag
Top Product $59MCloves
2022
Flag → Flag
Exports $533MRnk 89 / 217
2022
Flag → Flag
Top Product $224MRice
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Madagascar-India Trade: In 2022, Madagascar exported $123M to India. The main products that Madagascar exported to India were Cloves ($59M), Essential Oils ($14.7M), and Graphite ($9.04M). Over the past 5 years the exports of Madagascar to India have increased at an annualized rate of 1.64%, from $113M in 2017 to $123M in 2022.

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

India-Madagascar Trade: In 2022, India exported $533M to Madagascar. The main products that India exported to Madagascar were Rice ($224M), Refined Petroleum ($75.6M), and Wheat Flours ($29.8M). Over the past 5 years the exports of India to Madagascar have increased at an annualized rate of 13.2%,  from $286M in 2017 to $533M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $123M to India. The main products exported from Madagascar to India were Cloves ($59M), Essential Oils ($14.7M), and Graphite ($9.04M). During the last 5 years the exports of Madagascar to India have increased at an annualized rate of 1.64%, from $113M in 2017 to $123M in 2022.

In 2017, India exported $533M to Madagascar. The main products exported from India to Madagascar were Rice ($224M), Refined Petroleum ($75.6M), and Wheat Flours ($29.8M). During the last 5 years the exports of India to Madagascar have increased at an annualized rate of 13.2%, from $286M in 2022 to $533M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and India (Flag)

Madagascar Exports

India Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
India
Top DestinationUnited States$82.9B

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 2022, no countries were registered that imported more from Madagascar than from India.

In 2022, countries that imported more from India than Madagascar included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Madagascar - India

Flow
Scale

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

During 2022, Madagascar had a large net trade with India in the exports of Vegetable Products ($77.3M), Chemical Products ($20.8M), and Mineral Products ($9.89M).

During 2017, India had a large net trade with Madagascar in the exports of Vegetable Products ($254M), Mineral Products ($76.2M), and Chemical Products ($43.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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