Madagascar (MDG) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Madagascar-Slovakia Trade: In 2022, Madagascar exported $1.97M to Slovakia. The main products that Madagascar exported to Slovakia were Graphite ($373k), Knit Sweaters ($359k), and Non-Knit Men's Suits ($271k). Over the past 5 years the exports of Madagascar to Slovakia have increased at an annualized rate of 20.1%, from $788k in 2017 to $1.97M in 2022.

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

Slovakia-Madagascar Trade: In 2022, Slovakia exported $2.98M to Madagascar. The main products that Slovakia exported to Madagascar were Electrical Transformers ($1.14M), Non-Retail Synthetic Filament Yarn ($795k), and Air Conditioners ($261k). Over the past 5 years the exports of Slovakia to Madagascar have decreased at an annualized rate of 1.34%, from $3.18M in 2017 to $2.98M in 2022.

In 2022, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $1.97M to Slovakia. The main products exported from Madagascar to Slovakia were Graphite ($373k), Knit Sweaters ($359k), and Non-Knit Men's Suits ($271k). During the last 5 years the exports of Madagascar to Slovakia have increased at an annualized rate of 20.1%, from $788k in 2017 to $1.97M in 2022.

In 2017, Slovakia exported $2.98M to Madagascar. The main products exported from Slovakia to Madagascar were Electrical Transformers ($1.14M), Non-Retail Synthetic Filament Yarn ($795k), and Air Conditioners ($261k). During the last 5 years the exports of Slovakia to Madagascar have decreased at an annualized rate of 1.34%, from $3.18M in 2022 to $2.98M in 2017.

Exports from Madagascar () to Slovakia () (2022)

Exports from Slovakia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Slovakia ()

Madagascar Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Madagascar than Slovakia included Indonesia ($147M), Japan ($448M), and Singapore ($91.5M).

In 2022, countries that imported more from Slovakia than Madagascar included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Madagascar - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Slovakia in the exports of Textiles ($1.07M), Mineral Products ($373k), and Vegetable Products ($318k).

During 2017, Slovakia had a large net trade with Madagascar in the exports of Machines ($1.59M), Textiles ($816k), and Transportation ($248k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Slovakia+$663kKnit Sweaters

Top Product Potential Slovakia Madagascar+$792kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Slovakia () (2022)

Exports from Slovakia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Slovakia ()

Madagascar Exports

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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