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2023
Flag → Flag
Exports $70.3kRnk 187 / 205
2023
Flag → Flag
Top Product $23.9kAir Pumps
2023
Flag → Flag
Exports $3.55MRnk 47 / 156
2023
Flag → Flag
Top Product $1.42MVanilla
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 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 $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Norway-Madagascar Trade: In 2023, Norway exported $70.3k to Madagascar. The main products that Norway exported to Madagascar were Air Pumps ($23.9k), Motor vehicles; parts and accessories (8701 to 8705) ($13.7k), and Used Rubber Tires ($8.03k). Over the past 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 16.1%, from $169k in 2018 to $70.3k in 2023.

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

Madagascar-Norway Trade: In 2023, Madagascar exported $3.55M to Norway. The main products that Madagascar exported to Norway were Vanilla ($1.42M), Felt or Coated Fabric Garments ($702k), and Knit Women's Suits ($176k). Over the past 5 years the exports of Madagascar to Norway have decreased at an annualized rate of 3.32%,  from $4.2M in 2018 to $3.55M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK209k and imported NOK5.03M from Madagascar, resulting in a negative trade balance of NOK4.82M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-21k (-9.13%) from NOK230k to NOK209k, while imports increased by NOK2.05M (69.1%) from NOK2.97M to NOK5.03M.

Trade In December 2024, the top exports of Norway to Madagascar were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In December 2024 the top imports of Norway from Madagascar were Coffee, tea, cocoa, spices, and manufactures... (NOK1.42M), Articles of apparel and clothing accessories (NOK905k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK148k), Fish (not marine mammals), crustaceans, molluscs... (NOK71k), and Miscellaneous manufactured articles, n.e.s. (NOK67k).

Growth In December 2024, the decrease in Norway's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Telecommunications and sound-recording and reproducing apparatus... (NOK-11k or -100%) and Office machines and automatic data-processing machines (NOK-10k or -100%). In December 2024, the increase in Norway's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK442k or 95.5%), Miscellaneous manufactured articles, n.e.s. (NOK51k or 319%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK27k or 22.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-21k(-9.13%)
IMPORT GROWTH (December 2023 - December 2024)NOK2.05M(69.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $70.3k to Madagascar. The main products exported from Norway to Madagascar were Air Pumps ($23.9k), Motor vehicles; parts and accessories (8701 to 8705) ($13.7k), and Used Rubber Tires ($8.03k). During the last 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 16.1%, from $169k in 2018 to $70.3k in 2023.

In 2018, Madagascar exported $3.55M to Norway. The main products exported from Madagascar to Norway were Vanilla ($1.42M), Felt or Coated Fabric Garments ($702k), and Knit Women's Suits ($176k). During the last 5 years the exports of Madagascar to Norway have decreased at an annualized rate of 3.32%, from $4.2M in 2023 to $3.55M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Norway than Madagascar included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Madagascar than Norway included South Africa ($161M), Mauritius ($46.5M), and Comoros ($7.69M).

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

Comparative Advantage Norway - Madagascar

Flow
Scale

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

During 2023, Norway had a large net trade with Madagascar in the exports of Machines ($32.3k), Transportation ($13.7k), and Plastics and Rubbers ($9.71k).

During 2018, Madagascar had a large net trade with Norway in the exports of Vegetable Products ($1.7M), Textiles ($1.55M), and Foodstuffs ($147k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Madagascar+$16kCarbides
Top Product Potential Madagascar Norway+$484kKnit Sweaters

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

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

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