Madagascar (MDG) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Madagascar-Portugal Trade: In 2023, Madagascar exported $8.27M to Portugal. The main products that Madagascar exported to Portugal were Non-Knit Men's Suits ($2.58M), Non-Knit Active Wear ($1.28M), and Crustaceans ($1.12M). Over the past 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 6.44%, from $11.5M in 2018 to $8.27M in 2023.

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

Portugal-Madagascar Trade: In 2023, Portugal exported $4.36M to Madagascar. The main products that Portugal exported to Madagascar were Kraft Paper ($1.06M), Glass Bottles ($304k), and Iron Structures ($255k). Over the past 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 20%, from $13.3M in 2018 to $4.36M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $8.27M to Portugal. The main products exported from Madagascar to Portugal were Non-Knit Men's Suits ($2.58M), Non-Knit Active Wear ($1.28M), and Crustaceans ($1.12M). During the last 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 6.44%, from $11.5M in 2018 to $8.27M in 2023.

In 2018, Portugal exported $4.36M to Madagascar. The main products exported from Portugal to Madagascar were Kraft Paper ($1.06M), Glass Bottles ($304k), and Iron Structures ($255k). During the last 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 20%, from $13.3M in 2023 to $4.36M in 2018.

Exports from Madagascar () to Portugal () (2023)

Exports from Portugal () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Portugal ()

Madagascar Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Madagascar than Portugal included Indonesia ($165M), South Korea ($271M), and Mauritius ($46.5M).

In 2023, countries that imported more from Portugal than Madagascar included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal () and Madagascar () (2023)

Comparative Advantage Madagascar - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Portugal in the exports of Textiles ($5.12M), Animal Products ($1.12M), and Vegetable Products ($877k).

During 2018, Portugal had a large net trade with Madagascar in the exports of Paper Goods ($1.22M), Machines ($929k), and Metals ($455k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Portugal+$1.78MNon-Knit Men's Suits

Top Product Potential Portugal Madagascar+$329kIron Structures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Portugal () (2023)

Exports from Portugal () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Portugal ()

Madagascar Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Madagascar () (2023)

Comparative Advantage Madagascar - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Portugal () (2023)

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