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Pricing

2018
Flag → Flag
Exports $13.6kRnk 75 / 0
2018
Flag → Flag
Exports $3.83MRnk 76 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Somalia-Madagascar Trade: In 2018, Somalia exported $13.6k to Madagascar. The main products that Somalia exported to Madagascar were N/A. Over the past 11 years the exports of Somalia to Madagascar have decreased at an annualized rate of 13.4%, from $66.1k in 2007 to $13.6k in 2018.

In 2018, Somalia did not export any services to Madagascar.

Madagascar-Somalia In N/A, Madagascar did not export any products to Somalia.

In 2018, Madagascar did not export any services to Somalia.

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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
Value

In 2018, Somalia exported $13.6k to Madagascar. There were not main exports from Somalia to Madagascar in 2018. During the last 11 years the exports of Somalia to Madagascar have decreased at an annualized rate of 13.4%, from $66.1k in 2007 to $13.6k in 2018.

Madagascar does not register exports to Somalia.

Exports from Somalia (Flag) to Madagascar (Flag) (2018)

Exports from Madagascar (Flag) to Somalia (Flag) (2018)

Latest Data

Trade between Somalia (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Somalia than Madagascar included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Madagascar than Somalia included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Somalia - Madagascar

Flow
Scale

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

During 2018, Somalia had a large net trade with Madagascar in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Madagascar+$1.09kNon-fillet Frozen Fish
Top Product Potential Madagascar Somalia+$1.64kNon-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 Somalia and Madagascar. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Somalia.

Product Space of Somalia (Flag) and Madagascar (Flag) (2018)

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