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Pricing

2022
Flag → Flag
Exports $82.5kRnk 190 / 209
2022
Flag → Flag
Top Product $44.6kCarbides
2022
Flag → Flag
Exports $2.85MRnk 48 / 157
2022
Flag → Flag
Top Product $1.45MVanilla
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Norway-Madagascar Trade: In 2022, Norway exported $82.5k to Madagascar. The main products that Norway exported to Madagascar were Carbides ($44.6k), Fishing and Hunting Equipment ($15.9k), and Broadcasting Equipment ($4.21k). Over the past 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 26.8%, from $394k in 2017 to $82.5k in 2022.

In 2022, Norway did not export any services to Madagascar.

Madagascar-Norway Trade: In 2022, Madagascar exported $2.85M to Norway. The main products that Madagascar exported to Norway were Vanilla ($1.45M), Knit Sweaters ($153k), and Cloves ($135k). Over the past 5 years the exports of Madagascar to Norway have increased at an annualized rate of 10.4%,  from $1.42M in 2017 to $2.85M in 2022.

In 2022, Madagascar did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK333k and imported NOK6.6M from Madagascar, resulting in a negative trade balance of NOK6.26M. Between July 2023 and July 2024 the exports of Norway have increased by NOK329k (8.23k%) from NOK4k to NOK333k, while imports increased by NOK4.72M (252%) from NOK1.87M to NOK6.6M.

Trade In July 2024, the top exports of Norway to Madagascar were Telecommunications and sound-recording and reproducing apparatus... (NOK11k), Office machines and automatic data-processing machines (NOK10k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In July 2024 the top imports of Norway from Madagascar were Coffee, tea, cocoa, spices, and manufactures... (NOK1.81M), Articles of apparel and clothing accessories (NOK463k), Fish (not marine mammals), crustaceans, molluscs... (NOK169k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK121k), and Vegetables and fruit (NOK67k).

Growth In July 2024, the increase in Norway's year-by-year exports to Madagascar was explained primarily by an increase in product exports in . In July 2024, the increase in Norway's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Coffee, tea, cocoa, spices, and manufactures... (NOK929k or 105%), Fish (not marine mammals), crustaceans, molluscs... (NOK162k or 2.31k%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK92k or 317%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK329k(8.23k%)
IMPORT GROWTH (July 2023 - July 2024)NOK4.72M(252%)

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 2022, Norway exported $82.5k to Madagascar. The main products exported from Norway to Madagascar were Carbides ($44.6k), Fishing and Hunting Equipment ($15.9k), and Broadcasting Equipment ($4.21k). During the last 5 years the exports of Norway to Madagascar have decreased at an annualized rate of 26.8%, from $394k in 2017 to $82.5k in 2022.

In 2017, Madagascar exported $2.85M to Norway. The main products exported from Madagascar to Norway were Vanilla ($1.45M), Knit Sweaters ($153k), and Cloves ($135k). During the last 5 years the exports of Madagascar to Norway have increased at an annualized rate of 10.4%, from $1.42M in 2022 to $2.85M in 2017.

Exports from Norway (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Madagascar
Top DestinationUnited States$756M

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 2022, countries that imported more from Norway than Madagascar included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Madagascar than Norway included Mauritius ($44.7M), South Africa ($152M), and Ethiopia ($12.2M).

Difference in imports from Madagascar (Flag) and Norway (Flag) (2022)

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 2022, Norway had a large net trade with Madagascar in the exports of Chemical Products ($44.6k), Miscellaneous ($16.1k), and Instruments ($9.88k).

During 2017, Madagascar had a large net trade with Norway in the exports of Vegetable Products ($1.71M), Textiles ($934k), and Foodstuffs ($124k).

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) (2022)

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