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2022
Flag → Flag
Exports $48.8kRnk 173 / 0
2022
Flag → Flag
Exports $189kRnk 110 / 156
2022
Flag → Flag
Top Product $101kCloves
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 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 $1,378CURRENT US$
Rnk 169 / 195
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Nepal-Madagascar Trade: In 2022, Nepal exported $48.8k to Madagascar. The main products that Nepal exported to Madagascar were N/A. Over the past 7 years the exports of Nepal to Madagascar have decreased at an annualized rate of 16.4%, from $171k in 2015 to $48.8k in 2022.

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

Madagascar-Nepal Trade: In 2022, Madagascar exported $189k to Nepal. The main products that Madagascar exported to Nepal were Cloves ($101k) and Dried Legumes ($88.5k). Over the past 7 years the exports of Madagascar to Nepal have decreased at an annualized rate of 28.7%,  from $1.03M in 2015 to $189k in 2022.

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

Comparison In 2023,  Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $48.8k to Madagascar. There were not main exports from Nepal to Madagascar in 2022. During the last 7 years the exports of Nepal to Madagascar have decreased at an annualized rate of 16.4%, from $171k in 2015 to $48.8k in 2022.

In 2018, Madagascar exported $189k to Nepal. The main products exported from Madagascar to Nepal were Cloves ($101k) and Dried Legumes ($88.5k). During the last 5 years the exports of Madagascar to Nepal have decreased at an annualized rate of 28.7%, from $1.03M in 2023 to $189k in 2018.

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

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

Latest Data

Trade between Nepal (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Nepal
Top DestinationIndia$811M
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Nepal than Madagascar included India ($811M), Qatar ($1.89M), and Burma ($184k).

In 2023, countries that imported more from Madagascar than Nepal included France ($641M), United States ($669M), and Japan ($345M).

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

Comparative Advantage Nepal - Madagascar

Flow
Scale

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

During 2022, Nepal had a large net trade with Madagascar in the exports of .

During 2018, Madagascar had a large net trade with Nepal in the exports of Vegetable Products ($189k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Madagascar+$2.31kPalm Oil
Top Product Potential Madagascar Nepal+$283kDried Legumes

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

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

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