Madagascar (MDG) and Senegal (SEN) Trade | The Observatory of Economic Complexity

About

Madagascar-Senegal Trade: In 2022, Madagascar exported $1.13M to Senegal. The main products that Madagascar exported to Senegal were Cloves ($684k), Coconut and Other Vegetable Fibers ($303k), and Other Vegetable Fibers Yarn ($86.1k). Over the past 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 42.8%, from $191k in 2017 to $1.13M in 2022.

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

Senegal-Madagascar Trade: In 2022, Senegal exported $337k to Madagascar. The main products that Senegal exported to Madagascar were Non-Knit Men's Suits ($46.4k), Other Footwear ($43.2k), and Machinery Having Individual Functions ($40.5k). Over the past 5 years the exports of Senegal to Madagascar have decreased at an annualized rate of 1.95%, from $480k in 2017 to $337k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $1.13M to Senegal. The main products exported from Madagascar to Senegal were Cloves ($684k), Coconut and Other Vegetable Fibers ($303k), and Other Vegetable Fibers Yarn ($86.1k). During the last 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 42.8%, from $191k in 2017 to $1.13M in 2022.

In 2017, Senegal exported $337k to Madagascar. The main products exported from Senegal to Madagascar were Non-Knit Men's Suits ($46.4k), Other Footwear ($43.2k), and Machinery Having Individual Functions ($40.5k). During the last 5 years the exports of Senegal to Madagascar have decreased at an annualized rate of 1.95%, from $480k in 2022 to $337k in 2017.

Exports from Madagascar () to Senegal () (2022)

Exports from Senegal () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Senegal ()

Madagascar Exports

Date

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Madagascar than Senegal included France ($634M), Japan ($448M), and China ($538M).

In 2022, countries that imported more from Senegal than Madagascar included Mali ($1.13B), India ($1B), and Switzerland ($662M).

Difference in imports from Senegal () and Madagascar () (2022)

Comparative Advantage Madagascar - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Senegal in the exports of Vegetable Products ($717k), Textiles ($408k), and Wood Products ($4.06k).

During 2017, Senegal had a large net trade with Madagascar in the exports of Machines ($101k), Footwear and Headwear ($67k), and Transportation ($54.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Senegal+$82.3kCloves

Top Product Potential Senegal Madagascar+$38.4kCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Senegal () (2022)

Exports from Senegal () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Senegal ()

Madagascar Exports

Senegal Exports

Market Competitiveness

Difference in imports from Senegal () and Madagascar () (2022)

Comparative Advantage Madagascar - Senegal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Senegal () (2022)

Keep Exploring