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Pricing

2022
Flag → Flag
Exports $380kRnk 154 / 205
2022
Flag → Flag
Top Product $126kNonaqueous Paints
2022
Flag → Flag
Exports $812kRnk 80 / 157
2022
Flag → Flag
Top Product $523kCoconut and Other Vegetable Fibers
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Philippines-Madagascar Trade: In 2022, Philippines exported $380k to Madagascar. The main products that Philippines exported to Madagascar were Nonaqueous Paints ($126k), Delivery Trucks ($85.8k), and Cars ($81.3k). Over the past 5 years the exports of Philippines to Madagascar have decreased at an annualized rate of 14.4%, from $827k in 2017 to $380k in 2022.

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

Madagascar-Philippines Trade: In 2022, Madagascar exported $812k to Philippines. The main products that Madagascar exported to Philippines were Coconut and Other Vegetable Fibers ($523k), Cocoa Beans ($103k), and Other Vegetable Products ($90.8k). Over the past 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 27.5%,  from $241k in 2017 to $812k in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $680 and imported $98.9k from Madagascar, resulting in a negative trade balance of $98.2k. Between August 2023 and August 2024 the exports of Philippines have decreased by $-1.21k (-64%) from $1.89k to $680, while imports increased by $93.3k (1.66k%) from $5.63k to $98.9k.

Trade In August 2024, the top exports of Philippines to Madagascar were . In August 2024 the top imports of Philippines from Madagascar were Coconut and Other Vegetable Fibers ($420k), Cocoa Beans ($63.9k), Non-Knit Women's Shirts ($4.27k), Knitted Hats ($1.72k), and Basketwork ($868).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in . In August 2024, the increase in Philippines's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-1.21k(-64%)
IMPORT GROWTH (August 2023 - August 2024)$93.3k(1.66k%)

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $380k to Madagascar. The main products exported from Philippines to Madagascar were Nonaqueous Paints ($126k), Delivery Trucks ($85.8k), and Cars ($81.3k). During the last 5 years the exports of Philippines to Madagascar have decreased at an annualized rate of 14.4%, from $827k in 2017 to $380k in 2022.

In 2017, Madagascar exported $812k to Philippines. The main products exported from Madagascar to Philippines were Coconut and Other Vegetable Fibers ($523k), Cocoa Beans ($103k), and Other Vegetable Products ($90.8k). During the last 5 years the exports of Madagascar to Philippines have increased at an annualized rate of 27.5%, from $241k in 2022 to $812k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Philippines than Madagascar included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Madagascar than Philippines included South Africa ($152M), Mauritius ($44.7M), and Comoros ($7.03M).

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

Comparative Advantage Philippines - Madagascar

Flow
Scale

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

During 2022, Philippines had a large net trade with Madagascar in the exports of Transportation ($167k), Chemical Products ($126k), and Animal and Vegetable Bi-Products ($74.4k).

During 2017, Madagascar had a large net trade with Philippines in the exports of Textiles ($540k), Vegetable Products ($107k), and Foodstuffs ($104k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Madagascar+$135kDelivery Trucks
Top Product Potential Madagascar Philippines+$77.1kCocoa Beans

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

Product Space of Philippines (Flag) and Madagascar (Flag) (2022)

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