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2023
Flag → Flag
Exports $230kRnk 108 / 156
2023
Flag → Flag
Top Product $215kCloves
2023
Flag → Flag
Exports $283kRnk 173 / 196
2023
Flag → Flag
Top Product $44.6kRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.85Rnk 32 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$79.8BCURRENT US$
Rnk 78 / 195
2013-2023
Flag
GDP GROWTH72.3%CURRENT US$
Rnk 39 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$27,786CURRENT US$
Rnk 49 / 196
2013-2023
Flag
GDP PC GROWTH77.5%CURRENT US$
Rnk 18 / 195

About

Madagascar-Lithuania Trade: In 2023, Madagascar exported $230k to Lithuania. The main products that Madagascar exported to Lithuania were Cloves ($215k), Precious Stones ($4.29k), and Non-Knit Women's Suits ($3.03k). Over the past 5 years the exports of Madagascar to Lithuania have increased at an annualized rate of 26.6%, from $70.6k in 2018 to $230k in 2023.

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

Lithuania-Madagascar Trade: In 2023, Lithuania exported $283k to Madagascar. The main products that Lithuania exported to Madagascar were Refined Petroleum ($44.6k), Broadcasting Equipment ($31k), and Centrifuges ($27.2k). Over the past 5 years the exports of Lithuania to Madagascar have decreased at an annualized rate of 18%,  from $763k in 2018 to $283k in 2023.

In 2023, Lithuania 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, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $230k to Lithuania. The main products exported from Madagascar to Lithuania were Cloves ($215k), Precious Stones ($4.29k), and Non-Knit Women's Suits ($3.03k). During the last 5 years the exports of Madagascar to Lithuania have increased at an annualized rate of 26.6%, from $70.6k in 2018 to $230k in 2023.

In 2018, Lithuania exported $283k to Madagascar. The main products exported from Lithuania to Madagascar were Refined Petroleum ($44.6k), Broadcasting Equipment ($31k), and Centrifuges ($27.2k). During the last 5 years the exports of Lithuania to Madagascar have decreased at an annualized rate of 18%, from $763k in 2023 to $283k in 2018.

Exports from Madagascar (Flag) to Lithuania (Flag) (2023)

Exports from Lithuania (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Lithuania (Flag)

Madagascar Exports

Lithuania Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Madagascar than Lithuania included Japan ($345M), South Korea ($271M), and Indonesia ($165M).

In 2023, countries that imported more from Lithuania than Madagascar included Latvia ($4.44B), Poland ($3.37B), and Germany ($2.83B).

Difference in imports from Lithuania (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Lithuania

Flow
Scale

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

During 2023, Madagascar had a large net trade with Lithuania in the exports of Vegetable Products ($217k), Textiles ($7.81k), and Precious Metals ($4.29k).

During 2018, Lithuania had a large net trade with Madagascar in the exports of Machines ($114k), Mineral Products ($59.3k), and Transportation ($27.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Lithuania+$45.8kKnit Sweaters
Top Product Potential Lithuania Madagascar+$78.1kTelephones

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

Product Space of Madagascar (Flag) and Lithuania (Flag) (2023)

Keep Exploring

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