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Pricing

2022
Flag → Flag
Exports $308kRnk 102 / 157
2022
Flag → Flag
Top Product $171kCloves
2022
Flag → Flag
Exports $720kRnk 101 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 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$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186

About

Madagascar-Libya Trade: In 2022, Madagascar exported $308k to Libya. The main products that Madagascar exported to Libya were Cloves ($171k), Pepper ($46.3k), and Dried Legumes ($46.2k). Over the past 5 years the exports of Madagascar to Libya have increased at an annualized rate of 91.8%, from $11.9k in 2017 to $308k in 2022.

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

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

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $308k to Libya. The main products exported from Madagascar to Libya were Cloves ($171k), Pepper ($46.3k), and Dried Legumes ($46.2k). During the last 5 years the exports of Madagascar to Libya have increased at an annualized rate of 91.8%, from $11.9k in 2017 to $308k in 2022.

Libya does not register exports to Madagascar.

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

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

Latest Data

Trade between Madagascar (Flag) and Libya (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Libya
Top DestinationItaly$9.26B

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 2022, countries that imported more from Madagascar than Libya included Japan ($448M), Indonesia ($147M), and South Africa ($152M).

In 2022, countries that imported more from Libya than Madagascar included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

Comparative Advantage Madagascar - Libya

Flow
Scale

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

During 2022, Madagascar had a large net trade with Libya in the exports of Vegetable Products ($308k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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