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Pricing

2022
Flag → Flag
Exports $29.8MRnk 130 / 218
2022
Flag → Flag
Top Product $4.22MDelivery Trucks
2022
Flag → Flag
Exports $7.37MRnk 34 / 157
2022
Flag → Flag
Top Product $3.27MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Thailand-Madagascar Trade: In 2022, Thailand exported $29.8M to Madagascar. The main products that Thailand exported to Madagascar were Delivery Trucks ($4.22M), Stearic Acid ($2.91M), and Raw Sugar ($2.07M). Over the past 5 years the exports of Thailand to Madagascar have decreased at an annualized rate of 9.34%, from $48.6M in 2017 to $29.8M in 2022.

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

Madagascar-Thailand Trade: In 2022, Madagascar exported $7.37M to Thailand. The main products that Madagascar exported to Thailand were Nitrogenous Fertilizers ($3.27M), Precious Stones ($2.73M), and Dried Legumes ($208k). Over the past 5 years the exports of Madagascar to Thailand have decreased at an annualized rate of 8.16%,  from $11.3M in 2017 to $7.37M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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 2022, Thailand exported $29.8M to Madagascar. The main products exported from Thailand to Madagascar were Delivery Trucks ($4.22M), Stearic Acid ($2.91M), and Raw Sugar ($2.07M). During the last 5 years the exports of Thailand to Madagascar have decreased at an annualized rate of 9.34%, from $48.6M in 2017 to $29.8M in 2022.

In 2017, Madagascar exported $7.37M to Thailand. The main products exported from Madagascar to Thailand were Nitrogenous Fertilizers ($3.27M), Precious Stones ($2.73M), and Dried Legumes ($208k). During the last 5 years the exports of Madagascar to Thailand have decreased at an annualized rate of 8.16%, from $11.3M in 2022 to $7.37M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Madagascar (Flag)

Thailand Exports

Madagascar Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Thailand than Madagascar included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Madagascar than Thailand included Comoros ($7.03M) and North Korea ($1.51k).

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

Comparative Advantage Thailand - Madagascar

Flow
Scale

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

During 2022, Thailand had a large net trade with Madagascar in the exports of Transportation ($6.05M), Plastics and Rubbers ($5.71M), and Metals ($3.92M).

During 2017, Madagascar had a large net trade with Thailand in the exports of Chemical Products ($3.44M), Precious Metals ($2.76M), and Textiles ($382k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Madagascar+$3.53MDelivery Trucks
Top Product Potential Madagascar Thailand+$2.83MPrecious Stones

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

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

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