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Pricing

2022
Flag → Flag
Exports $648kRnk 125 / 168
2022
Flag → Flag
Top Product $392kConcentrated Milk
2022
Flag → Flag
Exports $115kRnk 117 / 157
2022
Flag → Flag
Top Product $73.5kNon-Knit Men's Shirts
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Uruguay-Madagascar Trade: In 2022, Uruguay exported $648k to Madagascar. The main products that Uruguay exported to Madagascar were Concentrated Milk ($392k), Bovine, Sheep, and Goat Fat ($186k), and Chocolate ($53.1k). Over the past 5 years the exports of Uruguay to Madagascar have increased at an annualized rate of 64.9%, from $53.1k in 2017 to $648k in 2022.

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

Madagascar-Uruguay Trade: In 2022, Madagascar exported $115k to Uruguay. The main products that Madagascar exported to Uruguay were Non-Knit Men's Shirts ($73.5k), Basketwork ($7.47k), and Non-Knit Men's Coats ($7.44k). Over the past 5 years the exports of Madagascar to Uruguay have increased at an annualized rate of 20%,  from $46.4k in 2017 to $115k in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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, Uruguay exported $648k to Madagascar. The main products exported from Uruguay to Madagascar were Concentrated Milk ($392k), Bovine, Sheep, and Goat Fat ($186k), and Chocolate ($53.1k). During the last 5 years the exports of Uruguay to Madagascar have increased at an annualized rate of 64.9%, from $53.1k in 2017 to $648k in 2022.

In 2017, Madagascar exported $115k to Uruguay. The main products exported from Madagascar to Uruguay were Non-Knit Men's Shirts ($73.5k), Basketwork ($7.47k), and Non-Knit Men's Coats ($7.44k). During the last 5 years the exports of Madagascar to Uruguay have increased at an annualized rate of 20%, from $46.4k in 2022 to $115k in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Madagascar (Flag)

Uruguay Exports

Madagascar Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Uruguay than Madagascar included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Madagascar than Uruguay included France ($634M), Japan ($448M), and Indonesia ($147M).

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

Comparative Advantage Uruguay - Madagascar

Flow
Scale

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

During 2022, Uruguay had a large net trade with Madagascar in the exports of Animal Products ($392k), Animal and Vegetable Bi-Products ($186k), and Foodstuffs ($53.1k).

During 2017, Madagascar had a large net trade with Uruguay in the exports of Textiles ($96.9k), Wood Products ($7.47k), and Vegetable Products ($4.97k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Madagascar+$187kConcentrated Milk
Top Product Potential Madagascar Uruguay+$86.8kNon-Knit Men's Shirts

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

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

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