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2022
Flag → Flag
Exports $86.9MRnk 133 / 219
2022
Flag → Flag
Top Product $27.7MRaw Iron Bars
2022
Flag → Flag
Exports $22.5MRnk 23 / 157
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Turkey-Madagascar Trade: In 2022, Turkey exported $86.9M to Madagascar. The main products that Turkey exported to Madagascar were Raw Iron Bars ($27.7M), Wheat Flours ($7.52M), and Iron Blocks ($5.97M). Over the past 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 2.49%, from $76.8M in 2017 to $86.9M in 2022.

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

Madagascar-Turkey Trade: In 2022, Madagascar exported $22.5M to Turkey. The main products that Madagascar exported to Turkey were N/A. Over the past 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 17.8%,  from $9.88M in 2017 to $22.5M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $86.9M to Madagascar. The main products exported from Turkey to Madagascar were Raw Iron Bars ($27.7M), Wheat Flours ($7.52M), and Iron Blocks ($5.97M). During the last 5 years the exports of Turkey to Madagascar have increased at an annualized rate of 2.49%, from $76.8M in 2017 to $86.9M in 2022.

In 2017, Madagascar exported $22.5M to Turkey. There were not main exports from Madagascar to Turkey in 2017. During the last 5 years the exports of Madagascar to Turkey have increased at an annualized rate of 17.8%, from $9.88M in 2022 to $22.5M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Madagascar (Flag)

Turkey Exports

Madagascar Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Madagascar
Top DestinationUnited States$756M

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 2022, countries that imported more from Turkey than Madagascar included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Madagascar than Turkey included North Korea ($1.51k).

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

Comparative Advantage Turkey - Madagascar

Flow
Scale

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

During 2022, Turkey had a large net trade with Madagascar in the exports of Metals ($42M), Vegetable Products ($10.2M), and Animal and Vegetable Bi-Products ($6.52M).

During 2017, Madagascar had a large net trade with Turkey in the exports of Mineral Products ($11.3M), Vegetable Products ($6.09M), and Metals ($2.38M).

Economic Complexity

Competitive Landscape

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.

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

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