Turkey (TUR) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

About

Turkey-Madagascar Trade: In 2023, Turkey exported $128M to Madagascar. The main products that Turkey exported to Madagascar were Gold ($72.3M), Raw Iron Bars ($15.3M), and Wheat Flours ($4.3M). Over the past 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 8.41%, from $85.7M in 2018 to $128M in 2023.

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

Madagascar-Turkey Trade: In 2023, Madagascar exported $209M to Turkey. The main products that Madagascar exported to Turkey were Gold ($186M), Dried Legumes ($7.14M), and Refined Petroleum ($2.34M). Over the past 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 83.5%, from $10.1M in 2018 to $209M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Turkey exported $128M to Madagascar. The main products exported from Turkey to Madagascar were Gold ($72.3M), Raw Iron Bars ($15.3M), and Wheat Flours ($4.3M). During the last 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 8.41%, from $85.7M in 2018 to $128M in 2023.

In 2018, Madagascar exported $209M to Turkey. The main products exported from Madagascar to Turkey were Gold ($186M), Dried Legumes ($7.14M), and Refined Petroleum ($2.34M). During the last 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 83.5%, from $10.1M in 2023 to $209M in 2018.

Exports from Turkey () to Madagascar () (2023)

Exports from Madagascar () to Turkey () (2023)

Latest Data

Trade between Turkey () and Madagascar ()

Turkey Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Turkey than Madagascar included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, no countries were registered that imported more from Madagascar than from Turkey.

Difference in imports from Madagascar () and Turkey () (2023)

Comparative Advantage Turkey - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Madagascar in the exports of Precious Metals ($72.4M), Metals ($22.9M), and Machines ($6.24M).

During 2018, Madagascar had a large net trade with Turkey in the exports of Precious Metals ($187M), Vegetable Products ($11.6M), and Mineral Products ($4.51M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Madagascar+$1.67MRefined Petroleum

Top Product Potential Madagascar Turkey+$2.66MDried Legumes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Madagascar () (2023)

Exports from Madagascar () to Turkey () (2023)

Latest Data

Trade between Turkey () and Madagascar ()

Turkey Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Turkey () (2023)

Comparative Advantage Turkey - Madagascar

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Madagascar () (2023)

Keep Exploring