2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH
27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC 
$506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH
-1.77%CURRENT US$
Rnk 155 / 195

About

Madagascar-Chinese Taipei Trade: In 2023, Madagascar exported $99.8M to Chinese Taipei. The main products that Madagascar exported to Chinese Taipei were Raw Nickel ($89M), Cobalt ($7.46M), and Graphite ($376k). Over the past 5 years the exports of Madagascar to Chinese Taipei have increased at an annualized rate of 14.2%, from $51.4M in 2018 to $99.8M in 2023.

In 2023, Madagascar did not export any services to Chinese Taipei.

Chinese Taipei-Madagascar Trade: In 2023, Chinese Taipei exported $27.8M to Madagascar. The main products that Chinese Taipei exported to Madagascar were Light Rubberized Knitted Fabric ($8.2M), Motorcycles and cycles ($3.37M), and Synthetic Filament Yarn Woven Fabric ($1.76M). Over the past 5 years the exports of Chinese Taipei to Madagascar have decreased at an annualized rate of 2.37%,  from $31.4M in 2018 to $27.8M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $99.8M to Chinese Taipei. The main products exported from Madagascar to Chinese Taipei were Raw Nickel ($89M), Cobalt ($7.46M), and Graphite ($376k). During the last 5 years the exports of Madagascar to Chinese Taipei have increased at an annualized rate of 14.2%, from $51.4M in 2018 to $99.8M in 2023.

In 2018, Chinese Taipei exported $27.8M to Madagascar. The main products exported from Chinese Taipei to Madagascar were Light Rubberized Knitted Fabric ($8.2M), Motorcycles and cycles ($3.37M), and Synthetic Filament Yarn Woven Fabric ($1.76M). During the last 5 years the exports of Chinese Taipei to Madagascar have decreased at an annualized rate of 2.37%, from $31.4M in 2023 to $27.8M in 2018.

Exports from Madagascar (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Madagascar (Flag) (2023)

Market Competitiveness

Color
Madagascar
Top Destination
United States$669M
Chinese Taipei
Top Destination
China$101B

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

In 2023, countries that imported more from Madagascar than Chinese Taipei included Comoros ($7.69M), Afghanistan ($2.72M), and Malawi ($3.26M).

In 2023, countries that imported more from Chinese Taipei than Madagascar included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Chinese Taipei

Flow
Scale

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

During 2023, Madagascar had a large net trade with Chinese Taipei in the exports of Metals ($96.5M), Textiles ($1.49M), and Vegetable Products ($592k).

During 2018, Chinese Taipei had a large net trade with Madagascar in the exports of Textiles ($14.7M), Transportation ($4.12M), and Machines ($3.41M).

Economic Complexity

Competitive Landscape

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

Product Space of Madagascar (Flag) and Chinese Taipei (Flag) (2023)

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