Madagascar (MDG) and New Caledonia (NCL) Trade | The Observatory of Economic Complexity

About

Madagascar-New Caledonia Trade: In 2022, Madagascar exported $35.2k to New Caledonia. The main products that Madagascar exported to New Caledonia were Essential Oils ($12.7k), Other Women's Undergarments ($8.91k), and Non-Knit Men's Shirts ($7.79k). Over the past 5 years the exports of Madagascar to New Caledonia have increased at an annualized rate of 11.7%, from $20.3k in 2017 to $35.2k in 2022.

In 2022, Madagascar did not export any services to New Caledonia.

New Caledonia-Madagascar Trade: In 2022, New Caledonia exported $62k to Madagascar. The main products that New Caledonia exported to Madagascar were Insulated Wire ($52.2k), Gravel and Crushed Stone ($5.43k), and Narrow Woven Fabric ($2.05k). Over the past 5 years the exports of New Caledonia to Madagascar have increased at an annualized rate of 56.9%, from $6.53k in 2017 to $62k in 2022.

In 2022, New Caledonia 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, New Caledonia ranked 138 in total exports ($2.87B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $35.2k to New Caledonia. The main products exported from Madagascar to New Caledonia were Essential Oils ($12.7k), Other Women's Undergarments ($8.91k), and Non-Knit Men's Shirts ($7.79k). During the last 5 years the exports of Madagascar to New Caledonia have increased at an annualized rate of 11.7%, from $20.3k in 2017 to $35.2k in 2022.

In 2017, New Caledonia exported $62k to Madagascar. The main products exported from New Caledonia to Madagascar were Insulated Wire ($52.2k), Gravel and Crushed Stone ($5.43k), and Narrow Woven Fabric ($2.05k). During the last 5 years the exports of New Caledonia to Madagascar have increased at an annualized rate of 56.9%, from $6.53k in 2022 to $62k in 2017.

Exports from Madagascar () to New Caledonia () (2022)

Exports from New Caledonia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and New Caledonia ()

Madagascar Exports

Date

New Caledonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

New Caledonia
Top DestinationChina$1.79B

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

In 2022, countries that imported more from Madagascar than New Caledonia included United States ($756M), France ($634M), and Netherlands ($158M).

In 2022, countries that imported more from New Caledonia than Madagascar included China ($1.79B), South Korea ($403M), and Spain ($51.4M).

Difference in imports from New Caledonia () and Madagascar () (2022)

Comparative Advantage Madagascar - New Caledonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with New Caledonia in the exports of Textiles ($22k), Chemical Products ($12.7k), and Wood Products ($412).

During 2017, New Caledonia had a large net trade with Madagascar in the exports of Machines ($52.3k), Mineral Products ($5.43k), and Textiles ($2.52k).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to New Caledonia () (2022)

Exports from New Caledonia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and New Caledonia ()

Madagascar Exports

New Caledonia Exports

Market Competitiveness

Difference in imports from New Caledonia () and Madagascar () (2022)

Comparative Advantage Madagascar - New Caledonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and New Caledonia () (2022)

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