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2023
Flag → Flag
Exports $810kRnk 87 / 156
2023
Flag → Flag
Top Product $282kCoconut and Other Vegetable Fibers
2023
Flag → Flag
Exports $444kRnk 150 / 201
2023
Flag → Flag
Top Product $152kDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Madagascar-Philippines Trade: In 2023, Madagascar exported $810k to Philippines. The main products that Madagascar exported to Philippines were Coconut and Other Vegetable Fibers ($282k), Cocoa Beans ($268k), and Iron Structures ($94.4k). Over the past 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 30.4%, from $215k in 2018 to $810k in 2023.

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

Philippines-Madagascar Trade: In 2023, Philippines exported $444k to Madagascar. The main products that Philippines exported to Madagascar were Delivery Trucks ($152k), Cars ($140k), and Inedible Fats and Oils ($101k). Over the past 5 years the exports of Philippines to Madagascar have increased at an annualized rate of 24.6%,  from $148k in 2018 to $444k in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $810k to Philippines. The main products exported from Madagascar to Philippines were Coconut and Other Vegetable Fibers ($282k), Cocoa Beans ($268k), and Iron Structures ($94.4k). During the last 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 30.4%, from $215k in 2018 to $810k in 2023.

In 2018, Philippines exported $444k to Madagascar. The main products exported from Philippines to Madagascar were Delivery Trucks ($152k), Cars ($140k), and Inedible Fats and Oils ($101k). During the last 5 years the exports of Philippines to Madagascar have increased at an annualized rate of 24.6%, from $148k in 2023 to $444k in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Philippines (Flag)

Madagascar Exports

Philippines Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Madagascar included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Madagascar - Philippines

Flow
Scale

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

During 2023, Madagascar had a large net trade with Philippines in the exports of Textiles ($366k), Foodstuffs ($269k), and Metals ($94.4k).

During 2018, Philippines had a large net trade with Madagascar in the exports of Transportation ($293k), Animal and Vegetable Bi-Products ($101k), and Miscellaneous ($22.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Philippines+$77.1kCocoa Beans
Top Product Potential Philippines Madagascar+$135kDelivery Trucks

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

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

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