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Pricing

2023
Flag → Flag
Exports $420kRnk 122 / 137
2023
Flag → Flag
Top Product $389kDried Legumes
2023
Flag → Flag
Exports $2.52MRnk 55 / 156
2023
Flag → Flag
Top Product $1.99MPreserved Fruits and Nuts
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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 $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Russia-Madagascar Trade: In 2023, Russia exported $420k to Madagascar. The main products that Russia exported to Madagascar were Dried Legumes ($389k), Other Inedible Animal Products ($30k), and Wheat ($407). Over the past 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 50.2%, from $13.6M in 2018 to $420k in 2023.

In 2020, Russia exported services to Madagascar worth $301k, with Communications services ($154k), Transportation ($119k), and Other business services ($23k) being the largest in terms of value.

Madagascar-Russia Trade: In 2023, Madagascar exported $2.52M to Russia. The main products that Madagascar exported to Russia were Preserved Fruits and Nuts ($1.99M), Cloves ($425k), and Vanilla ($82k). Over the past 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 31.5%,  from $16.8M in 2018 to $2.52M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $122k and imported $2.74M from Madagascar, resulting in a negative trade balance of $2.62M. Between January 2021 and January 2022 the exports of Russia have decreased by $-8.29M (-98.5%) from $8.41M to $122k, while imports increased by $1.47M (116%) from $1.27M to $2.74M.

Trade In January 2022, the top exports of Russia to Madagascar were Wheat ($8.2M), Refined Petroleum ($130k), Cellulose Fibers Paper ($57.1k), Other Inedible Animal Products ($26k), and Gas and Liquid Flow Measuring Instruments ($266). In January 2022 the top imports of Russia from Madagascar were Other Fruits ($919k), Mica ($105k), Basketwork ($38.2k), Knit Sweaters ($29.6k), and Non-Knit Women's Shirts ($22.6k).

Origins In January 2022 the exports of Russia were mainly from KRASNODAR TERRITORY ($92.9k) and LENINGRAD REGION ($29.1k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($998k), MOSCOW REGION ($837k), ST. PETERSBURG ($457k), KRASNODAR TERRITORY ($329k), and NIZHNY NOVGOROD REGION ($101k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Non-Knit Women's Coats ($18.4k or 1.11k%), Knit T-shirts ($7.99k or 561%), and Other Women's Undergarments ($6.72k or 372%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-8.29M(-98.5%)
IMPORT GROWTH (January 2021 - January 2022)$1.47M(116%)
MAIN EXPORTER (January 2022)KRASNODAR TERRITORY$92.9k

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $420k to Madagascar. The main products exported from Russia to Madagascar were Dried Legumes ($389k), Other Inedible Animal Products ($30k), and Wheat ($407). During the last 5 years the exports of Russia to Madagascar have decreased at an annualized rate of 50.2%, from $13.6M in 2018 to $420k in 2023.

In 2018, Madagascar exported $2.52M to Russia. The main products exported from Madagascar to Russia were Preserved Fruits and Nuts ($1.99M), Cloves ($425k), and Vanilla ($82k). During the last 5 years the exports of Madagascar to Russia have decreased at an annualized rate of 31.5%, from $16.8M in 2023 to $2.52M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Russia than Madagascar included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Madagascar than Russia included South Korea ($271M), Canada ($119M), and Mauritius ($46.5M).

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

Comparative Advantage Russia - Madagascar

Flow
Scale

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

During 2023, Russia had a large net trade with Madagascar in the exports of Vegetable Products ($390k) and Animal Products ($30k).

During 2018, Madagascar had a large net trade with Russia in the exports of Vegetable Products ($2.5M), Chemical Products ($17.7k), and Wood Products ($1.83k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Madagascar+$365kEthylene Polymers
Top Product Potential Madagascar Russia+$501kCloves

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

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

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