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2023
Flag → Flag
Exports $4.36MRnk 138 / 211
2023
Flag → Flag
Top Product $1.06MKraft Paper
2023
Flag → Flag
Exports $8.27MRnk 35 / 156
2023
Flag → Flag
Top Product $2.58MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Portugal-Madagascar Trade: In 2023, Portugal exported $4.36M to Madagascar. The main products that Portugal exported to Madagascar were Kraft Paper ($1.06M), Glass Bottles ($304k), and Iron Structures ($255k). Over the past 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 20%, from $13.3M in 2018 to $4.36M in 2023.

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

Madagascar-Portugal Trade: In 2023, Madagascar exported $8.27M to Portugal. The main products that Madagascar exported to Portugal were Non-Knit Men's Suits ($2.58M), Non-Knit Active Wear ($1.28M), and Crustaceans ($1.12M). Over the past 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 6.44%,  from $11.5M in 2018 to $8.27M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €47k and imported €1.15M from Madagascar, resulting in a negative trade balance of €1.1M. Between December 2023 and December 2024 the exports of Portugal have decreased by €-310k (-86.8%) from €358k to €47k, while imports increased by €380k (49.4%) from €769k to €1.15M.

Trade In December 2024, the top exports of Portugal to Madagascar were Paper articles (€87.1k), Iron/Steel Articles (€66.4k), Glass & glassware (€40.3k), Plastics & articles thereof (€36.3k), and Pharmaceutical products (€35.8k). In December 2024 the top imports of Portugal from Madagascar were Fish, Crustaceans & Molluscs (€134k), Knitted clothing accesories (€37.3k), Edible vegetables, roots, & tubers (€29k), Non-knitted clothing accesories (€583), and Coffee, tea, mate & spices (€522).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-33.7k or -100%), Paper articles (€-17.6k or -16.8%), and Cars, tractors, trucks & parts thereof. (€-5.83k or -100%). In December 2024, the increase in Portugal's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Coffee, tea, mate & spices (€493 or 1.7k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-310k(-86.8%)
IMPORT GROWTH (December 2023 - December 2024)€380k(49.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $4.36M to Madagascar. The main products exported from Portugal to Madagascar were Kraft Paper ($1.06M), Glass Bottles ($304k), and Iron Structures ($255k). During the last 5 years the exports of Portugal to Madagascar have decreased at an annualized rate of 20%, from $13.3M in 2018 to $4.36M in 2023.

In 2018, Madagascar exported $8.27M to Portugal. The main products exported from Madagascar to Portugal were Non-Knit Men's Suits ($2.58M), Non-Knit Active Wear ($1.28M), and Crustaceans ($1.12M). During the last 5 years the exports of Madagascar to Portugal have decreased at an annualized rate of 6.44%, from $11.5M in 2023 to $8.27M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Portugal than Madagascar included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Madagascar than Portugal included Indonesia ($165M), South Korea ($271M), and Mauritius ($46.5M).

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

Comparative Advantage Portugal - Madagascar

Flow
Scale

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

During 2023, Portugal had a large net trade with Madagascar in the exports of Paper Goods ($1.22M), Machines ($929k), and Metals ($455k).

During 2018, Madagascar had a large net trade with Portugal in the exports of Textiles ($5.12M), Animal Products ($1.12M), and Vegetable Products ($877k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Madagascar+$329kIron Structures
Top Product Potential Madagascar Portugal+$1.78MNon-Knit Men's Suits

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

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

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