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Pricing

2022
Flag → Flag
Exports $22.5MRnk 23 / 157
2022
Flag → Flag
Top Product $10.7MGraphite
2022
Flag → Flag
Exports $86.9MRnk 133 / 219
2022
Flag → Flag
Top Product $27.7MRaw Iron Bars
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Madagascar-Turkey Trade: In 2022, Madagascar exported $22.5M to Turkey. The main products that Madagascar exported to Turkey were Graphite ($10.7M), Dried Legumes ($3.05M), and Cobalt ($2.36M). Over the past 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 17.8%, from $9.88M in 2017 to $22.5M in 2022.

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

Turkey-Madagascar Trade: In 2022, Turkey exported $86.9M to Madagascar. The main products that Turkey exported to Madagascar were Raw Iron Bars ($27.7M), Wheat Flours ($7.52M), and Iron Blocks ($5.97M). Over the past 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 2.49%,  from $76.8M in 2017 to $86.9M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $22.5M to Turkey. The main products exported from Madagascar to Turkey were Graphite ($10.7M), Dried Legumes ($3.05M), and Cobalt ($2.36M). During the last 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 17.8%, from $9.88M in 2017 to $22.5M in 2022.

In 2017, Turkey exported $86.9M to Madagascar. The main products exported from Turkey to Madagascar were Raw Iron Bars ($27.7M), Wheat Flours ($7.52M), and Iron Blocks ($5.97M). During the last 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 2.49%, from $76.8M in 2022 to $86.9M in 2017.

Exports from Madagascar (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Turkey (Flag)

Madagascar Exports

Turkey Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Madagascar than Turkey included North Korea ($1.51k).

In 2022, countries that imported more from Turkey than Madagascar included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Turkey

Flow
Scale

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

During 2022, Madagascar had a large net trade with Turkey in the exports of Mineral Products ($11.3M), Vegetable Products ($6.09M), and Metals ($2.38M).

During 2017, Turkey had a large net trade with Madagascar in the exports of Metals ($42M), Vegetable Products ($10.2M), and Animal and Vegetable Bi-Products ($6.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Turkey+$2.66MDried Legumes
Top Product Potential Turkey Madagascar+$1.67MRefined Petroleum

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

Product Space of Madagascar (Flag) and Turkey (Flag) (2022)

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