Madagascar (MDG) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Madagascar-Somalia Trade: In 2023, Madagascar exported $111k to Somalia. The main products that Madagascar exported to Somalia were Other Knit Garments ($48k), Knit Women's Suits ($32.9k), and Knit Men's Suits ($30.3k). Over the past 17 years the exports of Madagascar to Somalia have increased at an annualized rate of 11.6%, from $17.3k in 2006 to $111k in 2023.

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

Somalia-Madagascar In N/A, Somalia did not export any products to Madagascar.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $111k to Somalia. The main products exported from Madagascar to Somalia were Other Knit Garments ($48k), Knit Women's Suits ($32.9k), and Knit Men's Suits ($30.3k). During the last 17 years the exports of Madagascar to Somalia have increased at an annualized rate of 11.6%, from $17.3k in 2006 to $111k in 2023.

Somalia does not register exports to Madagascar.

Exports from Madagascar () to Somalia () (2023)

Exports from Somalia () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Somalia ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Somalia
Top DestinationUnited Arab Emirates$360M

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

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

In 2023, countries that imported more from Somalia than Madagascar included Saudi Arabia ($283M), United Arab Emirates ($360M), and Oman ($180M).

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

Comparative Advantage Madagascar - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Somalia in the exports of Textiles ($111k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Somalia+$1.64kNon-Knit Men's Suits

Top Product Potential Somalia Madagascar+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Somalia () (2023)

Exports from Somalia () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Somalia ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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