Madagascar (MDG) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

2022

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Exports $2.43MRnk 49 / 157

2022

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Madagascar-Iraq Trade: In 2022, Madagascar exported $2.43M to Iraq. The main products that Madagascar exported to Iraq were Dried Legumes ($918k), Pepper ($868k), and Cloves ($621k). Over the past 5 years the exports of Madagascar to Iraq have increased at an annualized rate of 29.7%, from $662k in 2017 to $2.43M in 2022.

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

Iraq-Madagascar In N/A, Iraq did not export any products to Madagascar.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Latest Data

Trade between Madagascar () and Iraq ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Madagascar than Iraq included Japan ($448M), South Africa ($152M), and Canada ($126M).

In 2022, countries that imported more from Iraq than Madagascar included India ($38.8B), China ($34B), and United States ($10.3B).

Difference in imports from Iraq () and Madagascar () (2022)

Potential Exports

Depth

Section

HS2

HS4

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Top 20

Top 15

Top 10

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Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Iraq+$1.1MDried Legumes

Top Product Potential Iraq Madagascar+$5.59kRefined 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 Iraq. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Madagascar.

About

Historical Data

Latest Data

Trade between Madagascar () and Iraq ()

Madagascar Exports

Market Competitiveness

Difference in imports from Iraq () and Madagascar () (2022)

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Iraq () (NaN)

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