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Pricing

2022
Flag → Flag
Exports $812kRnk 80 / 157
2022
Flag → Flag
Top Product $523kCoconut and Other Vegetable Fibers
2022
Flag → Flag
Exports $380kRnk 154 / 205
2022
Flag → Flag
Top Product $126kNonaqueous Paints
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Madagascar-Philippines Trade: In 2022, Madagascar exported $812k to Philippines. The main products that Madagascar exported to Philippines were Coconut and Other Vegetable Fibers ($523k), Cocoa Beans ($103k), and Other Vegetable Products ($90.8k). Over the past 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 27.5%, from $241k in 2017 to $812k in 2022.

In 2022, Madagascar did not export any services to Philippines.

Philippines-Madagascar Trade: In 2022, Philippines exported $380k to Madagascar. The main products that Philippines exported to Madagascar were Nonaqueous Paints ($126k), Delivery Trucks ($85.8k), and Cars ($81.3k). Over the past 5 years the exports of Philippines to Madagascar have decreased at an annualized rate of 14.4%,  from $827k in 2017 to $380k in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $812k to Philippines. The main products exported from Madagascar to Philippines were Coconut and Other Vegetable Fibers ($523k), Cocoa Beans ($103k), and Other Vegetable Products ($90.8k). During the last 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 27.5%, from $241k in 2017 to $812k in 2022.

In 2017, Philippines exported $380k to Madagascar. The main products exported from Philippines to Madagascar were Nonaqueous Paints ($126k), Delivery Trucks ($85.8k), and Cars ($81.3k). During the last 5 years the exports of Philippines to Madagascar have decreased at an annualized rate of 14.4%, from $827k in 2022 to $380k in 2017.

Exports from Madagascar (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Philippines (Flag)

Madagascar Exports

Philippines Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Philippines
Top DestinationUnited States$15.5B

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 2022, countries that imported more from Madagascar than Philippines included South Africa ($152M), Mauritius ($44.7M), and Comoros ($7.03M).

In 2022, countries that imported more from Philippines than Madagascar included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

Difference in imports from Philippines (Flag) and Madagascar (Flag) (2022)

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 2022, Madagascar had a large net trade with Philippines in the exports of Textiles ($540k), Vegetable Products ($107k), and Foodstuffs ($104k).

During 2017, Philippines had a large net trade with Madagascar in the exports of Transportation ($167k), Chemical Products ($126k), and Animal and Vegetable Bi-Products ($74.4k).

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) (2022)

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