Madagascar (MDG) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Madagascar-Japan Trade: In 2023, Madagascar exported $345M to Japan. The main products that Madagascar exported to Japan were Raw Nickel ($289M), Cobalt ($24.8M), and Crustaceans ($4.7M). Over the past 5 years the exports of Madagascar to Japan have increased at an annualized rate of 7.57%, from $239M in 2018 to $345M in 2023.

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

Japan-Madagascar Trade: In 2023, Japan exported $24.2M to Madagascar. The main products that Japan exported to Madagascar were Recreational Boats ($3.65M), Non-Retail Artificial Filament Yarn ($2.69M), and Cars ($2.53M). Over the past 5 years the exports of Japan to Madagascar have increased at an annualized rate of 1.22%, from $22.8M in 2018 to $24.2M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $345M to Japan. The main products exported from Madagascar to Japan were Raw Nickel ($289M), Cobalt ($24.8M), and Crustaceans ($4.7M). During the last 5 years the exports of Madagascar to Japan have increased at an annualized rate of 7.57%, from $239M in 2018 to $345M in 2023.

In 2018, Japan exported $24.2M to Madagascar. The main products exported from Japan to Madagascar were Recreational Boats ($3.65M), Non-Retail Artificial Filament Yarn ($2.69M), and Cars ($2.53M). During the last 5 years the exports of Japan to Madagascar have increased at an annualized rate of 1.22%, from $22.8M in 2023 to $24.2M in 2018.

Exports from Madagascar () to Japan () (2023)

Exports from Japan () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Japan ()

Madagascar Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Japan
Top DestinationUnited States$143B

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 2023, countries that imported more from Madagascar than Japan included Comoros ($7.69M), Chad ($896k), and San Marino ($3.79k).

In 2023, countries that imported more from Japan than Madagascar included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Madagascar - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Japan in the exports of Metals ($314M), Vegetable Products ($10.2M), and Textiles ($5.78M).

During 2018, Japan had a large net trade with Madagascar in the exports of Transportation ($10.4M), Machines ($4.68M), and Textiles ($2.92M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Japan () (2023)

Exports from Japan () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Japan ()

Madagascar Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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