2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH
27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP
$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 138 / 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
$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH
-8.13%CURRENT US$
Rnk 164 / 195

About

Madagascar-Oman Trade: In 2023, Madagascar exported $838k to Oman. The main products that Madagascar exported to Oman were Other Vegetable Fibers Yarn ($245k), Dried Legumes ($231k), and Other Fruits ($131k). Over the past 5 years the exports of Madagascar to Oman have increased at an annualized rate of 8.07%, from $569k in 2018 to $838k in 2023.

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

Oman-Madagascar Trade: In 2023, Oman exported $647M to Madagascar. The main products that Oman exported to Madagascar were Refined Petroleum ($629M), Ammonia ($7.68M), and Nitrogenous Fertilizers ($7.37M). Over the past 5 years the exports of Oman to Madagascar have increased at an annualized rate of 134%,  from $9.26M in 2018 to $647M in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $838k to Oman. The main products exported from Madagascar to Oman were Other Vegetable Fibers Yarn ($245k), Dried Legumes ($231k), and Other Fruits ($131k). During the last 5 years the exports of Madagascar to Oman have increased at an annualized rate of 8.07%, from $569k in 2018 to $838k in 2023.

In 2018, Oman exported $647M to Madagascar. The main products exported from Oman to Madagascar were Refined Petroleum ($629M), Ammonia ($7.68M), and Nitrogenous Fertilizers ($7.37M). During the last 5 years the exports of Oman to Madagascar have increased at an annualized rate of 134%, from $9.26M in 2023 to $647M in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Oman (Flag)

Madagascar Exports

Oman Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$669M
Oman
Top Destination
China$30.2B

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

In 2023, countries that imported more from Madagascar than Oman included France ($641M), Canada ($119M), and Netherlands ($136M).

In 2023, countries that imported more from Oman than Madagascar included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

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

Comparative Advantage Madagascar - Oman

Flow
Scale

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

During 2023, Madagascar had a large net trade with Oman in the exports of Vegetable Products ($402k), Textiles ($285k), and Mineral Products ($146k).

During 2018, Oman had a large net trade with Madagascar in the exports of Mineral Products ($629M), Chemical Products ($15.2M), and Plastics and Rubbers ($638k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Oman+$228kDried Legumes
Top Product Potential Oman Madagascar+$667kEthylene Polymers

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

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

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