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2023
Flag → Flag
Exports $30.3MRnk 153 / 224
2023
Flag → Flag
Top Product $2.78MSpecial Pharmaceuticals
2023
Flag → Flag
Exports $136MRnk 11 / 156
2023
Flag → Flag
Top Product $33.8MRaw Nickel
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Netherlands-Madagascar Trade: In 2023, Netherlands exported $30.3M to Madagascar. The main products that Netherlands exported to Madagascar were Special Pharmaceuticals ($2.78M), Acrylic Polymers ($1.93M), and Synthetic Filament Yarn Woven Fabric ($1.83M). Over the past 5 years the exports of Netherlands to Madagascar have decreased at an annualized rate of 13.2%, from $61.3M in 2018 to $30.3M in 2023.

In 2023, Netherlands did not export any services to Madagascar.

Madagascar-Netherlands Trade: In 2023, Madagascar exported $136M to Netherlands. The main products that Madagascar exported to Netherlands were Raw Nickel ($33.8M), Vanilla ($30.9M), and Cobalt ($28M). Over the past 5 years the exports of Madagascar to Netherlands have increased at an annualized rate of 4.63%,  from $90.8M in 2018 to $136M in 2023.

In 2023, Madagascar did not export any services to Netherlands.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €2M and imported €3M from Madagascar, resulting in a negative trade balance of €1M. Between October 2023 and October 2024 the exports of Netherlands have increased by €1M (100%) from €1M to €2M, while imports decreased by €-1M (-25%) from €4M to €3M.

Trade In October 2024, the top exports of Netherlands to Madagascar were Undefined (€6M). In October 2024 the top imports of Netherlands from Madagascar were Spices (€1M) and Articles of apparel, of textile fabrics,... (€1M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€1M(100%)
IMPORT GROWTH (October 2023 - October 2024)€-1M(-25%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Madagascar and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $30.3M to Madagascar. The main products exported from Netherlands to Madagascar were Special Pharmaceuticals ($2.78M), Acrylic Polymers ($1.93M), and Synthetic Filament Yarn Woven Fabric ($1.83M). During the last 5 years the exports of Netherlands to Madagascar have decreased at an annualized rate of 13.2%, from $61.3M in 2018 to $30.3M in 2023.

In 2018, Madagascar exported $136M to Netherlands. The main products exported from Madagascar to Netherlands were Raw Nickel ($33.8M), Vanilla ($30.9M), and Cobalt ($28M). During the last 5 years the exports of Madagascar to Netherlands have increased at an annualized rate of 4.63%, from $90.8M in 2023 to $136M in 2018.

Exports from Netherlands (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Netherlands (Flag) (2023)

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Netherlands than Madagascar included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Madagascar than Netherlands included Comoros ($7.69M).

Difference in imports from Madagascar (Flag) and Netherlands (Flag) (2023)

Comparative Advantage Netherlands - Madagascar

Flow
Scale

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

During 2023, Netherlands had a large net trade with Madagascar in the exports of Machines ($8.47M), Chemical Products ($6.54M), and Foodstuffs ($3.26M).

During 2018, Madagascar had a large net trade with Netherlands in the exports of Metals ($63.1M), Vegetable Products ($34.9M), and Foodstuffs ($17.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Madagascar+$2.09MTelephones
Top Product Potential Madagascar Netherlands+$21.9MRaw Nickel

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

Product Space of Netherlands (Flag) and Madagascar (Flag) (2023)

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