Madagascar (MDG) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Madagascar-Norway Trade: In 2023, Madagascar exported $3.55M to Norway. The main products that Madagascar exported to Norway were Vanilla ($1.42M), Felt or Coated Fabric Garments ($702k), and Knit Women's Suits ($176k). Over the past 5 years the exports of Madagascar to Norway have decreased at an annualized rate of 3.32%, from $4.2M in 2018 to $3.55M in 2023.

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

Norway-Madagascar Trade: In 2023, Norway exported $70.3k to Madagascar. The main products that Norway exported to Madagascar were Air Pumps ($23.9k), Motor vehicles; parts and accessories (8701 to 8705) ($13.7k), and Used Rubber Tires ($8.03k). Over the past 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 10.4%, from $169k in 2018 to $70.3k in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $3.55M to Norway. The main products exported from Madagascar to Norway were Vanilla ($1.42M), Felt or Coated Fabric Garments ($702k), and Knit Women's Suits ($176k). During the last 5 years the exports of Madagascar to Norway have decreased at an annualized rate of 3.32%, from $4.2M in 2018 to $3.55M in 2023.

In 2018, Norway exported $70.3k to Madagascar. The main products exported from Norway to Madagascar were Air Pumps ($23.9k), Motor vehicles; parts and accessories (8701 to 8705) ($13.7k), and Used Rubber Tires ($8.03k). During the last 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 10.4%, from $169k in 2023 to $70.3k in 2018.

Exports from Madagascar () to Norway () (2023)

Exports from Norway () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Norway ()

Madagascar Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Madagascar than Norway included South Africa ($161M), Mauritius ($46.5M), and Comoros ($7.69M).

In 2023, countries that imported more from Norway than Madagascar included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Madagascar - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Norway in the exports of Vegetable Products ($1.7M), Textiles ($1.55M), and Foodstuffs ($147k).

During 2018, Norway had a large net trade with Madagascar in the exports of Machines ($32.3k), Transportation ($13.7k), and Plastics and Rubbers ($9.71k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Norway+$484kKnit Sweaters

Top Product Potential Norway Madagascar+$16kCarbides

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Norway () (2023)

Exports from Norway () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Norway ()

Madagascar Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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