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Pricing

2022
Flag → Flag
Exports $30.5kRnk 136 / 157
2022
Flag → Flag
Top Product $23.7kNon-Knit Men's Shirts
2022
Flag → Flag
Exports $5.95kRnk 150 / 158
2022
Flag → Flag
Top Product $5.95kMolasses
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 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$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Madagascar-Paraguay Trade: In 2022, Madagascar exported $30.5k to Paraguay. The main products that Madagascar exported to Paraguay were Non-Knit Men's Shirts ($23.7k), Non-Knit Women's Suits ($2.3k), and Non-Knit Men's Suits ($1.81k). Over the past 5 years the exports of Madagascar to Paraguay have decreased at an annualized rate of 0.86%, from $31.8k in 2017 to $30.5k in 2022.

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

Paraguay-Madagascar Trade: In 2022, Paraguay exported $5.95k to Madagascar. The main products that Paraguay exported to Madagascar were Molasses ($5.95k). Over the past 5 years the exports of Paraguay to Madagascar have decreased at an annualized rate of 47.2%,  from $144k in 2017 to $5.95k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $30.5k to Paraguay. The main products exported from Madagascar to Paraguay were Non-Knit Men's Shirts ($23.7k), Non-Knit Women's Suits ($2.3k), and Non-Knit Men's Suits ($1.81k). During the last 5 years the exports of Madagascar to Paraguay have decreased at an annualized rate of 0.86%, from $31.8k in 2017 to $30.5k in 2022.

In 2017, Paraguay exported $5.95k to Madagascar. The main products exported from Paraguay to Madagascar were Molasses ($5.95k). During the last 5 years the exports of Paraguay to Madagascar have decreased at an annualized rate of 47.2%, from $144k in 2022 to $5.95k in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Paraguay
Top DestinationBrazil$3.67B

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 2022, countries that imported more from Madagascar than Paraguay included France ($634M), China ($538M), and United States ($756M).

In 2022, countries that imported more from Paraguay than Madagascar included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Madagascar - Paraguay

Flow
Scale

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

During 2022, Madagascar had a large net trade with Paraguay in the exports of Textiles ($29.4k) and Chemical Products ($1.06k).

During 2017, Paraguay had a large net trade with Madagascar in the exports of Foodstuffs ($5.95k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Madagascar (Flag) and Paraguay (Flag) (2022)

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