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Pricing

2022
Flag → Flag
Exports $1.99MRnk 53 / 157
2022
Flag → Flag
Top Product $1.35MCloves
2022
Flag → Flag
Exports $1.2MRnk 124 / 138
2022
Flag → Flag
Top Product $353kEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Madagascar-Russia Trade: In 2022, Madagascar exported $1.99M to Russia. The main products that Madagascar exported to Russia were Cloves ($1.35M), Planes, Helicopters, and/or Spacecraft ($200k), and Mica ($147k). Over the past 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 26.4%, from $9.26M in 2017 to $1.99M in 2022.

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

Russia-Madagascar Trade: In 2022, Russia exported $1.2M to Madagascar. The main products that Russia exported to Madagascar were Ethylene Polymers ($353k), Seed Oils ($305k), and Wheat Flours ($135k). Over the past 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 15.9%,  from $2.85M in 2017 to $1.2M in 2022.

In 2020, Russia exported services to Madagascar worth $301k, with Communications services ($154k), Transportation ($119k), and Other business services ($23k) being the largest in terms of value.

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.99M to Russia. The main products exported from Madagascar to Russia were Cloves ($1.35M), Planes, Helicopters, and/or Spacecraft ($200k), and Mica ($147k). During the last 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 26.4%, from $9.26M in 2017 to $1.99M in 2022.

In 2017, Russia exported $1.2M to Madagascar. The main products exported from Russia to Madagascar were Ethylene Polymers ($353k), Seed Oils ($305k), and Wheat Flours ($135k). During the last 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 15.9%, from $2.85M in 2022 to $1.2M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Russia (Flag)

Madagascar Exports

Russia Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Madagascar than Russia included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

In 2022, countries that imported more from Russia than Madagascar included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Madagascar - Russia

Flow
Scale

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

During 2022, Madagascar had a large net trade with Russia in the exports of Vegetable Products ($1.39M), Transportation ($200k), and Mineral Products ($197k).

During 2017, Russia had a large net trade with Madagascar in the exports of Plastics and Rubbers ($353k), Animal and Vegetable Bi-Products ($305k), and Paper Goods ($168k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Russia+$501kCloves
Top Product Potential Russia Madagascar+$365kEthylene Polymers

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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Bilateral Service Trade

In 2020, Russia exported services to Madagascar worth $301k, with Communications services ($154k), Transportation ($119k), and Other business services ($23k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Madagascar (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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