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2022
Flag → Flag
Exports $448MRnk 4 / 157
2022
Flag → Flag
Top Product $374MRaw Nickel
2022
Flag → Flag
Exports $21.4MRnk 155 / 211
2022
Flag → Flag
Top Product $2.67MNon-Retail Artificial Filament Yarn
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 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$33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Madagascar-Japan Trade: In 2022, Madagascar exported $448M to Japan. The main products that Madagascar exported to Japan were Raw Nickel ($374M), Cobalt ($54.4M), and Vanilla ($5.49M). Over the past 5 years the exports of Madagascar to Japan have increased at an annualized rate of 29.4%, from $124M in 2017 to $448M in 2022.

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

Japan-Madagascar Trade: In 2022, Japan exported $21.4M to Madagascar. The main products that Japan exported to Madagascar were Non-Retail Artificial Filament Yarn ($2.67M), Rubber Tires ($2.16M), and Delivery Trucks ($1.78M). Over the past 5 years the exports of Japan to Madagascar have decreased at an annualized rate of 10.6%,  from $37.5M in 2017 to $21.4M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $448M to Japan. The main products exported from Madagascar to Japan were Raw Nickel ($374M), Cobalt ($54.4M), and Vanilla ($5.49M). During the last 5 years the exports of Madagascar to Japan have increased at an annualized rate of 29.4%, from $124M in 2017 to $448M in 2022.

In 2017, Japan exported $21.4M to Madagascar. The main products exported from Japan to Madagascar were Non-Retail Artificial Filament Yarn ($2.67M), Rubber Tires ($2.16M), and Delivery Trucks ($1.78M). During the last 5 years the exports of Japan to Madagascar have decreased at an annualized rate of 10.6%, from $37.5M in 2022 to $21.4M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Japan (Flag)

Madagascar Exports

Japan Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Madagascar than Japan included Comoros ($7.03M), San Marino ($2.38k), and North Korea ($1.51k).

In 2022, countries that imported more from Japan than Madagascar included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Madagascar - Japan

Flow
Scale

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

During 2022, Madagascar had a large net trade with Japan in the exports of Metals ($428M), Vegetable Products ($8.83M), and Animal Products ($3.07M).

During 2017, Japan had a large net trade with Madagascar in the exports of Transportation ($5.48M), Machines ($3.76M), and Textiles ($3.24M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Japan+$5.83MCobalt
Top Product Potential Japan Madagascar+$3.54MCars

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

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

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