Mongolia (MNG) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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In N/A, Mongolia did not export any services to Madagascar.

Madagascar-Mongolia Trade: In N/A, Madagascar exported $43.9k to Mongolia. The main products that Madagascar exported to Mongolia were Non-Knit Women's Suits ($13.3k), Non-Knit Active Wear ($6.63k), and Knit Women's Suits ($3.72k). Over the past N/A years the exports of Madagascar to Mongolia have increased at an annualized rate of 23.8%, from $15.1k in N/A to $43.9k in N/A.

In N/A, Madagascar did not export any services to Mongolia.

Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Mongolia does not register exports to Madagascar.

In 2017, Madagascar exported $43.9k to Mongolia. The main products exported from Madagascar to Mongolia were Non-Knit Women's Suits ($13.3k), Non-Knit Active Wear ($6.63k), and Knit Women's Suits ($3.72k). During the last 5 years the exports of Madagascar to Mongolia have increased at an annualized rate of 23.8%, from $15.1k in 2022 to $43.9k in 2017.

Exports from Mongolia () to Madagascar () (2022)

Exports from Madagascar () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Mongolia than Madagascar included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Madagascar than Mongolia included United States ($756M), France ($634M), and Japan ($448M).

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

Comparative Advantage Mongolia - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Madagascar had a large net trade with Mongolia in the exports of Textiles ($38.2k), Vegetable Products ($2.83k), and Chemical Products ($1.42k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Madagascar+$3.28kCoal Briquettes

Top Product Potential Madagascar Mongolia+$33.2kNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Madagascar () (2022)

Exports from Madagascar () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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