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Pricing

2022
Flag → Flag
Exports $2.11MRnk 51 / 157
2022
Flag → Flag
Top Product $1.38MCloves
2022
Flag → Flag
Exports $45.2MRnk 79 / 138
2022
Flag → Flag
Top Product $14MSulphur
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Madagascar-Saudi Arabia Trade: In 2022, Madagascar exported $2.11M to Saudi Arabia. The main products that Madagascar exported to Saudi Arabia were Cloves ($1.38M), Dried Legumes ($490k), and Pepper ($83.6k). Over the past 5 years the exports of Madagascar to Saudi Arabia have decreased at an annualized rate of 19.9%, from $6.38M in 2017 to $2.11M in 2022.

In 2022, Madagascar did not export any services to Saudi Arabia.

Saudi Arabia-Madagascar Trade: In 2022, Saudi Arabia exported $45.2M to Madagascar. The main products that Saudi Arabia exported to Madagascar were Sulphur ($14M), Ammonia ($10.4M), and Glass Bottles ($7.65M). Over the past 5 years the exports of Saudi Arabia to Madagascar have decreased at an annualized rate of 20.5%,  from $142M in 2017 to $45.2M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $2.11M to Saudi Arabia. The main products exported from Madagascar to Saudi Arabia were Cloves ($1.38M), Dried Legumes ($490k), and Pepper ($83.6k). During the last 5 years the exports of Madagascar to Saudi Arabia have decreased at an annualized rate of 19.9%, from $6.38M in 2017 to $2.11M in 2022.

In 2017, Saudi Arabia exported $45.2M to Madagascar. The main products exported from Saudi Arabia to Madagascar were Sulphur ($14M), Ammonia ($10.4M), and Glass Bottles ($7.65M). During the last 5 years the exports of Saudi Arabia to Madagascar have decreased at an annualized rate of 20.5%, from $142M in 2022 to $45.2M in 2017.

Exports from Madagascar (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Saudi Arabia (Flag)

Madagascar Exports

Saudi Arabia Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Saudi Arabia
Top DestinationChina$68B

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

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

In 2022, countries that imported more from Saudi Arabia than Madagascar included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Saudi Arabia

Flow
Scale

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

During 2022, Madagascar had a large net trade with Saudi Arabia in the exports of Vegetable Products ($2.01M), Mineral Products ($50.4k), and Textiles ($27.4k).

During 2017, Saudi Arabia had a large net trade with Madagascar in the exports of Mineral Products ($14.6M), Chemical Products ($10.9M), and Plastics and Rubbers ($8.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Saudi Arabia+$949kCloves
Top Product Potential Saudi Arabia Madagascar+$2.74MEthylene 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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Economic Complexity

Competitive Landscape

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

Product Space of Madagascar (Flag) and Saudi Arabia (Flag) (2022)

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