2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH
27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC 
$506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH
-1.77%CURRENT US$
Rnk 155 / 195

About

Madagascar-North Korea Trade: In 2022, Madagascar exported $1.51k to North Korea. The main products that Madagascar exported to North Korea were N/A. Over the past 7 years the exports of Madagascar to North Korea have decreased at an annualized rate of 18.1%, from $6.08k in 2015 to $1.51k in 2022.

In 2022, Madagascar did not export any services to North Korea.

North Korea-Madagascar Trade: In 2022, North Korea exported $183k to Madagascar. The main products that North Korea exported to Madagascar were Newsprint ($166k), Iron Housewares ($12.3k), and Bicycles, delivery tricycles, other cycles ($2.74k). Over the past 7 years the exports of North Korea to Madagascar have decreased at an annualized rate of 7%,  from $263k in 2015 to $183k in 2022.

In 2022, North Korea 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, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.51k to North Korea. There were not main exports from Madagascar to North Korea in 2022. During the last 7 years the exports of Madagascar to North Korea have decreased at an annualized rate of 18.1%, from $6.08k in 2015 to $1.51k in 2022.

In 2018, North Korea exported $183k to Madagascar. The main products exported from North Korea to Madagascar were Newsprint ($166k), Iron Housewares ($12.3k), and Bicycles, delivery tricycles, other cycles ($2.74k). During the last 5 years the exports of North Korea to Madagascar have decreased at an annualized rate of 7%, from $263k in 2023 to $183k in 2018.

Exports from Madagascar (Flag) to North Korea (Flag) (2023)

Exports from North Korea (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and North Korea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$669M
North Korea
Top Destination
China$292M

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

In 2023, countries that imported more from Madagascar than North Korea included United States ($669M), France ($641M), and Japan ($345M).

In 2023, countries that imported more from North Korea than Madagascar included China ($292M), Angola ($10.2M), and Senegal ($10.3M).

Difference in imports from North Korea (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - North Korea

Flow
Scale

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

During 2022, Madagascar had a large net trade with North Korea in the exports of .

During 2018, North Korea had a large net trade with Madagascar in the exports of Paper Goods ($166k), Metals ($12.3k), and Transportation ($3.69k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Madagascar and North Korea. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Madagascar.

Product Space of Madagascar (Flag) and North Korea (Flag) (2023)

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