Madagascar (MDG) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Madagascar-Paraguay Trade: In 2023, Madagascar exported $60.3k to Paraguay. The main products that Madagascar exported to Paraguay were Knit Men's Shirts ($24k), Non-Knit Men's Shirts ($14.9k), and Knit T-shirts ($7.54k). Over the past 5 years the exports of Madagascar to Paraguay have increased at an annualized rate of 0.65%, from $58.4k in 2018 to $60.3k in 2023.

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

Paraguay-Madagascar Trade: In 2023, Paraguay exported $4.85M to Madagascar. The main products that Paraguay exported to Madagascar were Soybean Oil ($4.84M) and Molasses ($13.7k). Over the past 5 years the exports of Paraguay to Madagascar have decreased at an annualized rate of 15.9%, from $11.6M in 2018 to $4.85M in 2023.

In 2023, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $60.3k to Paraguay. The main products exported from Madagascar to Paraguay were Knit Men's Shirts ($24k), Non-Knit Men's Shirts ($14.9k), and Knit T-shirts ($7.54k). During the last 5 years the exports of Madagascar to Paraguay have increased at an annualized rate of 0.65%, from $58.4k in 2018 to $60.3k in 2023.

In 2018, Paraguay exported $4.85M to Madagascar. The main products exported from Paraguay to Madagascar were Soybean Oil ($4.84M) and Molasses ($13.7k). During the last 5 years the exports of Paraguay to Madagascar have decreased at an annualized rate of 15.9%, from $11.6M in 2023 to $4.85M in 2018.

Exports from Madagascar () to Paraguay () (2023)

Exports from Paraguay () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Paraguay
Top DestinationArgentina$4B

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

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

In 2023, countries that imported more from Paraguay than Madagascar included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Madagascar - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Paraguay in the exports of Textiles ($59.8k) and Chemical Products ($540).

During 2018, Paraguay had a large net trade with Madagascar in the exports of Animal and Vegetable Bi-Products ($4.84M) and Foodstuffs ($13.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Paraguay+$38.1kNon-Knit Men's Shirts

Top Product Potential Paraguay Madagascar+$2.66kRice

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Paraguay () (2023)

Exports from Paraguay () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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