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

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Madagascar-Iraq Trade: In 2023, Madagascar exported $2.81M to Iraq. The main products that Madagascar exported to Iraq were Dried Legumes ($1.95M), Cloves ($570k), and Pepper ($248k). Over the past 5 years the exports of Madagascar to Iraq have increased at an annualized rate of 32.7%, from $682k in 2018 to $2.81M in 2023.

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

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

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $2.81M to Iraq. The main products exported from Madagascar to Iraq were Dried Legumes ($1.95M), Cloves ($570k), and Pepper ($248k). During the last 5 years the exports of Madagascar to Iraq have increased at an annualized rate of 32.7%, from $682k in 2018 to $2.81M in 2023.

Iraq does not register exports to Madagascar.

Exports from Madagascar () to Iraq () (2023)

Exports from Iraq () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Iraq ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Iraq
Top DestinationChina$35.5B

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 2023, countries that imported more from Madagascar than Iraq included Japan ($345M), South Korea ($271M), and South Africa ($161M).

In 2023, countries that imported more from Iraq than Madagascar included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Madagascar - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Iraq in the exports of Vegetable Products ($2.81M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Iraq () (2023)

Exports from Iraq () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Iraq ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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