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2023
Flag → Flag
Exports $83kRnk 128 / 156
2023
Flag → Flag
Top Product $21.3kBroadcasting Equipment
2023
Flag → Flag
Exports $8.65kRnk 102 / 130
2023
Flag → Flag
Top Product $6.49kTrailers and semi-trailers, not mechanically propelled vehicles
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 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$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Madagascar-Montenegro Trade: In 2023, Madagascar exported $83k to Montenegro. The main products that Madagascar exported to Montenegro were Broadcasting Equipment ($21.3k), Basketwork ($11.6k), and Non-Knit Women's Suits ($10k). Over the past 5 years the exports of Madagascar to Montenegro have increased at an annualized rate of 33.2%, from $19.8k in 2018 to $83k in 2023.

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

Montenegro-Madagascar Trade: In 2023, Montenegro exported $8.65k to Madagascar. The main products that Montenegro exported to Madagascar were Trailers and semi-trailers, not mechanically propelled vehicles ($6.49k) and Tractors ($2.16k). Over the past 5 years the exports of Montenegro to Madagascar have increased at an annualized rate of 17.3%,  from $3.89k in 2018 to $8.65k in 2023.

In 2023, Montenegro 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, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $83k to Montenegro. The main products exported from Madagascar to Montenegro were Broadcasting Equipment ($21.3k), Basketwork ($11.6k), and Non-Knit Women's Suits ($10k). During the last 5 years the exports of Madagascar to Montenegro have increased at an annualized rate of 33.2%, from $19.8k in 2018 to $83k in 2023.

In 2018, Montenegro exported $8.65k to Madagascar. The main products exported from Montenegro to Madagascar were Trailers and semi-trailers, not mechanically propelled vehicles ($6.49k) and Tractors ($2.16k). During the last 5 years the exports of Montenegro to Madagascar have increased at an annualized rate of 17.3%, from $3.89k in 2023 to $8.65k in 2018.

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

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

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Madagascar than Montenegro included United States ($669M), France ($641M), and Japan ($345M).

In 2023, countries that imported more from Montenegro than Madagascar included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

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

Comparative Advantage Madagascar - Montenegro

Flow
Scale

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

During 2023, Madagascar had a large net trade with Montenegro in the exports of Machines ($21.3k), Textiles ($20.6k), and Vegetable Products ($12.7k).

During 2018, Montenegro had a large net trade with Madagascar in the exports of Transportation ($8.65k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Madagascar and Montenegro. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Madagascar.

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

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