Madagascar-Venezuela Trade: In 2022, Madagascar exported $35.9k to Venezuela. The main products that Madagascar exported to Venezuela were Cloves ($27k) and Pepper ($8.93k). Over the past 10 years the exports of Madagascar to Venezuela have decreased at an annualized rate of 35.6%, from $2.92M in 2012 to $35.9k in 2022.
In 2022, Madagascar did not export any services to Venezuela.
Venezuela-Madagascar Trade: In 2022, Venezuela exported $3.95k to Madagascar. The main products that Venezuela exported to Madagascar were N/A. Over the past 10 years the exports of Venezuela to Madagascar have decreased at an annualized rate of 77.5%, from $6.85M in 2012 to $3.95k in 2022.
In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).