Singapore (SGP) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Singapore-Madagascar Trade: In 2022, Singapore exported $80.5M to Madagascar. The main products that Singapore exported to Madagascar were Refined Petroleum ($64.2M), Uncoated Paper ($2.49M), and Passenger and Cargo Ships ($1.05M). Over the past 5 years the exports of Singapore to Madagascar have increased at an annualized rate of 44.6%, from $12.8M in 2017 to $80.5M in 2022.

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

Madagascar-Singapore Trade: In 2022, Madagascar exported $91.5M to Singapore. The main products that Madagascar exported to Singapore were Cloves ($81.7M), Essential Oils ($3.34M), and Ethers ($2.23M). Over the past 5 years the exports of Madagascar to Singapore have increased at an annualized rate of 0.22%, from $88.1M in 2017 to $91.5M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $80.5M to Madagascar. The main products exported from Singapore to Madagascar were Refined Petroleum ($64.2M), Uncoated Paper ($2.49M), and Passenger and Cargo Ships ($1.05M). During the last 5 years the exports of Singapore to Madagascar have increased at an annualized rate of 44.6%, from $12.8M in 2017 to $80.5M in 2022.

In 2017, Madagascar exported $91.5M to Singapore. The main products exported from Madagascar to Singapore were Cloves ($81.7M), Essential Oils ($3.34M), and Ethers ($2.23M). During the last 5 years the exports of Madagascar to Singapore have increased at an annualized rate of 0.22%, from $88.1M in 2022 to $91.5M in 2017.

Exports from Singapore () to Madagascar () (2022)

Exports from Madagascar () to Singapore () (2022)

Latest Data

Trade between Singapore () and Madagascar ()

Singapore Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Singapore than Madagascar included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Madagascar than Singapore included Comoros ($7.03M), Central African Republic ($1M), and North Korea ($1.51k).

Difference in imports from Madagascar () and Singapore () (2022)

Comparative Advantage Singapore - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Madagascar in the exports of Mineral Products ($64.2M), Machines ($5.15M), and Paper Goods ($2.82M).

During 2017, Madagascar had a large net trade with Singapore in the exports of Vegetable Products ($82.5M), Chemical Products ($6.09M), and Textiles ($1.19M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Madagascar. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Madagascar () (2022)

Exports from Madagascar () to Singapore () (2022)

Latest Data

Trade between Singapore () and Madagascar ()

Singapore Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Singapore () (2022)

Comparative Advantage Singapore - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Madagascar () (2022)

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