2022
Flag  
GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%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 12.2%,  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

Latest Data

Trade between Madagascar (Flag) and Philippines (Flag)

Madagascar Exports

Philippines Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$756M
Philippines
Top Destination
United 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)

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) (NaN)

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