Madagascar (MDG) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Madagascar-Libya Trade: In 2023, Madagascar exported $537k to Libya. The main products that Madagascar exported to Libya were Cloves ($212k), Ground Nuts ($167k), and Pepper ($136k). Over the past 5 years the exports of Madagascar to Libya have increased at an annualized rate of 116%, from $11.4k in 2018 to $537k in 2023.

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

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

In 2023, Libya 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, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $537k to Libya. The main products exported from Madagascar to Libya were Cloves ($212k), Ground Nuts ($167k), and Pepper ($136k). During the last 5 years the exports of Madagascar to Libya have increased at an annualized rate of 116%, from $11.4k in 2018 to $537k in 2023.

Libya does not register exports to Madagascar.

Exports from Madagascar () to Libya () (2023)

Exports from Libya () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Libya ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Libya
Top DestinationItaly$7.96B

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

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

In 2023, countries that imported more from Libya than Madagascar included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

Comparative Advantage Madagascar - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Libya in the exports of Vegetable Products ($534k) and Transportation ($2.56k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Libya+$101kDried Legumes

Top Product Potential Libya Madagascar+$3.09kRefined 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 Libya. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Madagascar.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Libya () (2023)

Exports from Libya () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Libya ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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