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

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Madagascar-Senegal Trade: In 2023, Madagascar exported $1.53M to Senegal. The main products that Madagascar exported to Senegal were Cloves ($1.3M), Coconut and Other Vegetable Fibers ($181k), and Other Vegetable Fibers Yarn ($32.9k). Over the past 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 61.5%, from $139k in 2018 to $1.53M in 2023.

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

Senegal-Madagascar Trade: In 2023, Senegal exported $488k to Madagascar. The main products that Senegal exported to Madagascar were Semiconductor Devices ($188k), Surveying Equipment ($62.3k), and Cars ($57.7k). Over the past 5 years the exports of Senegal to Madagascar have increased at an annualized rate of 20.3%, from $193k in 2018 to $488k in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $1.53M to Senegal. The main products exported from Madagascar to Senegal were Cloves ($1.3M), Coconut and Other Vegetable Fibers ($181k), and Other Vegetable Fibers Yarn ($32.9k). During the last 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 61.5%, from $139k in 2018 to $1.53M in 2023.

In 2018, Senegal exported $488k to Madagascar. The main products exported from Senegal to Madagascar were Semiconductor Devices ($188k), Surveying Equipment ($62.3k), and Cars ($57.7k). During the last 5 years the exports of Senegal to Madagascar have increased at an annualized rate of 20.3%, from $193k in 2023 to $488k in 2018.

Exports from Madagascar () to Senegal () (2023)

Exports from Senegal () to Madagascar () (2023)

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$669M

Senegal
Top DestinationMali$1.22B

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 2023, countries that imported more from Madagascar than Senegal included France ($641M), United States ($669M), and Japan ($345M).

In 2023, countries that imported more from Senegal than Madagascar included Mali ($1.22B), Switzerland ($625M), and India ($681M).

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

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 2023, Madagascar had a large net trade with Senegal in the exports of Vegetable Products ($1.3M), Textiles ($214k), and Instruments ($5.82k).

During 2018, Senegal had a large net trade with Madagascar in the exports of Machines ($307k), Instruments ($73.7k), and Transportation ($57.7k).

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.

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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 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 () (2023)

Exports from Senegal () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Senegal ()

Madagascar Exports

Senegal Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Senegal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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