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Pricing

2022
Flag → Flag
Exports $414kRnk 96 / 157
2022
Flag → Flag
Top Product $82.6kRefined Petroleum
2022
Flag → Flag
Exports $7.55kRnk 144 / 160
2022
Flag → Flag
Top Product $6.66kComputers
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Madagascar-Iceland Trade: In 2022, Madagascar exported $414k to Iceland. The main products that Madagascar exported to Iceland were Refined Petroleum ($82.6k), Vanilla ($74.9k), and Non-Knit Active Wear ($64k). Over the past 5 years the exports of Madagascar to Iceland have increased at an annualized rate of 26.8%, from $126k in 2017 to $414k in 2022.

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

Iceland-Madagascar Trade: In 2022, Iceland exported $7.55k to Madagascar. The main products that Iceland exported to Madagascar were Computers ($6.66k), Photocopiers ($597), and Gas and Liquid Flow Measuring Instruments ($289). Over the past 5 years the exports of Iceland to Madagascar have decreased at an annualized rate of 22.8%,  from $27.5k in 2017 to $7.55k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $414k to Iceland. The main products exported from Madagascar to Iceland were Refined Petroleum ($82.6k), Vanilla ($74.9k), and Non-Knit Active Wear ($64k). During the last 5 years the exports of Madagascar to Iceland have increased at an annualized rate of 26.8%, from $126k in 2017 to $414k in 2022.

In 2017, Iceland exported $7.55k to Madagascar. The main products exported from Iceland to Madagascar were Computers ($6.66k), Photocopiers ($597), and Gas and Liquid Flow Measuring Instruments ($289). During the last 5 years the exports of Iceland to Madagascar have decreased at an annualized rate of 22.8%, from $27.5k in 2022 to $7.55k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Iceland (Flag)

Madagascar Exports

Iceland Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Madagascar than Iceland included China ($538M), Japan ($448M), and France ($634M).

In 2022, countries that imported more from Iceland than Madagascar included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Madagascar - Iceland

Flow
Scale

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

During 2022, Madagascar had a large net trade with Iceland in the exports of Textiles ($177k), Vegetable Products ($117k), and Mineral Products ($82.8k).

During 2017, Iceland had a large net trade with Madagascar in the exports of Machines ($6.66k) and Instruments ($886).

Economic Complexity

Competitive Landscape

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

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

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