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Pricing

2022
Flag → Flag
Exports $42.2MRnk 17 / 157
2022
Flag → Flag
Top Product $7.51MRaw Nickel
2022
Flag → Flag
Exports $46.8MRnk 143 / 221
2022
Flag → Flag
Top Product $5.02MIndustrial Food Preperation Machinery
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Madagascar-Italy Trade: In 2022, Madagascar exported $42.2M to Italy. The main products that Madagascar exported to Italy were Raw Nickel ($7.51M), Precious Stones ($5.16M), and Basketwork ($4.46M). Over the past 5 years the exports of Madagascar to Italy have increased at an annualized rate of 4.09%, from $34.5M in 2017 to $42.2M in 2022.

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

Italy-Madagascar Trade: In 2022, Italy exported $46.8M to Madagascar. The main products that Italy exported to Madagascar were Industrial Food Preperation Machinery ($5.02M), Metal Stoppers ($2.95M), and Rubberworking Machinery ($2.24M). Over the past 5 years the exports of Italy to Madagascar have decreased at an annualized rate of 0.047%,  from $47M in 2017 to $46.8M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $42.2M to Italy. The main products exported from Madagascar to Italy were Raw Nickel ($7.51M), Precious Stones ($5.16M), and Basketwork ($4.46M). During the last 5 years the exports of Madagascar to Italy have increased at an annualized rate of 4.09%, from $34.5M in 2017 to $42.2M in 2022.

In 2017, Italy exported $46.8M to Madagascar. The main products exported from Italy to Madagascar were Industrial Food Preperation Machinery ($5.02M), Metal Stoppers ($2.95M), and Rubberworking Machinery ($2.24M). During the last 5 years the exports of Italy to Madagascar have decreased at an annualized rate of 0.047%, from $47M in 2022 to $46.8M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Italy (Flag)

Madagascar Exports

Italy Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Madagascar than Italy included Comoros ($7.03M).

In 2022, countries that imported more from Italy than Madagascar included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Madagascar - Italy

Flow
Scale

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

During 2022, Madagascar had a large net trade with Italy in the exports of Metals ($7.7M), Mineral Products ($7.21M), and Precious Metals ($6.02M).

During 2017, Italy had a large net trade with Madagascar in the exports of Machines ($18.8M), Textiles ($10.4M), and Metals ($4.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Italy+$8.06MRaw Nickel
Top Product Potential Italy Madagascar+$1.31MDelivery Trucks

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 Italy. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Madagascar.

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

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