Madagascar (MDG) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Madagascar-Romania Trade: In 2023, Madagascar exported $1.6M to Romania. The main products that Madagascar exported to Romania were Precious Stones ($878k), Non-Knit Women's Shirts ($262k), and Vanilla ($250k). Over the past 5 years the exports of Madagascar to Romania have decreased at an annualized rate of 5.49%, from $2.12M in 2018 to $1.6M in 2023.

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

Romania-Madagascar Trade: In 2023, Romania exported $5.38M to Madagascar. The main products that Romania exported to Madagascar were Seed Oils ($2.08M), Electrical Control Boards ($1.55M), and Cars ($407k). Over the past 5 years the exports of Romania to Madagascar have increased at an annualized rate of 12%, from $3.05M in 2018 to $5.38M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $1.6M to Romania. The main products exported from Madagascar to Romania were Precious Stones ($878k), Non-Knit Women's Shirts ($262k), and Vanilla ($250k). During the last 5 years the exports of Madagascar to Romania have decreased at an annualized rate of 5.49%, from $2.12M in 2018 to $1.6M in 2023.

In 2018, Romania exported $5.38M to Madagascar. The main products exported from Romania to Madagascar were Seed Oils ($2.08M), Electrical Control Boards ($1.55M), and Cars ($407k). During the last 5 years the exports of Romania to Madagascar have increased at an annualized rate of 12%, from $3.05M in 2023 to $5.38M in 2018.

Exports from Madagascar () to Romania () (2023)

Exports from Romania () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Romania ()

Madagascar Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Madagascar than Romania included Indonesia ($165M), Mauritius ($46.5M), and Comoros ($7.69M).

In 2023, countries that imported more from Romania than Madagascar included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Madagascar - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Romania in the exports of Precious Metals ($878k), Textiles ($343k), and Vegetable Products ($317k).

During 2018, Romania had a large net trade with Madagascar in the exports of Animal and Vegetable Bi-Products ($2.08M), Machines ($1.82M), and Metals ($532k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Romania+$205kNon-Knit Women's Shirts

Top Product Potential Romania Madagascar+$1.96MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Romania () (2023)

Exports from Romania () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Romania ()

Madagascar Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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