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2021
Flag → Flag
Exports $353kRnk 8 / 0
2021
Flag → Flag
Exports $77Rnk 127 / 127
2021
Flag → Flag
Top Product $77Thermostats
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Madagascar-Iran Trade: In 2021, Madagascar exported $353k to Iran. The main products that Madagascar exported to Iran were N/A. Over the past 7 years the exports of Madagascar to Iran have increased at an annualized rate of 15.8%, from $127k in 2014 to $353k in 2021.

In 2021, Madagascar did not export any services to Iran.

Iran-Madagascar Trade: In 2021, Iran exported $77 to Madagascar. The main products that Iran exported to Madagascar were Thermostats ($77). Over the past 7 years the exports of Iran to Madagascar have decreased at an annualized rate of 89%,  from $4.73M in 2014 to $77 in 2021.

In 2021, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $353k to Iran. There were not main exports from Madagascar to Iran in 2021. During the last 7 years the exports of Madagascar to Iran have increased at an annualized rate of 15.8%, from $127k in 2014 to $353k in 2021.

In 2017, Iran exported $77 to Madagascar. The main products exported from Iran to Madagascar were Thermostats ($77). During the last 5 years the exports of Iran to Madagascar have decreased at an annualized rate of 89%, from $4.73M in 2022 to $77 in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Iran (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Madagascar than Iran included United States ($756M), France ($634M), and Japan ($448M).

In 2022, countries that imported more from Iran than Madagascar included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Madagascar - Iran

Flow
Scale

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

During 2021, Madagascar had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Madagascar in the exports of Instruments ($77).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Iran+$3.22kRaw Nickel
Top Product Potential Iran Madagascar+$2.97kRefined 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 Iran. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Madagascar.

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

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