2023
Exports
$127kWorld Rnk 94 / 163
Flag Rnk 241 / 810
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$740World Rnk 187 / 203
Flag Rnk 1059 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $127k in Bananas, making it the 94th largest exporter of Bananas in the world. At the same year, Bananas was the 241st most exported product in Madagascar. The main destination of Bananas exports from Madagascar are: Spain ($63.8k), Mauritius ($55.4k), France ($3.45k), Comoros ($2.08k), and Japan ($1.25k).

The fastest growing export markets for Bananas of Madagascar between 2022 and 2023 were Mauritius ($55.4k), Comoros ($1.92k), and Switzerland ($1.23k).

Imports In 2023, Madagascar imported $740 in Bananas, becoming the 187th largest importer of Bananas in the world. At the same year, Bananas was the 1059th most imported product in Madagascar. Madagascar imports Bananas primarily from: France ($740).

The fastest growing import markets in Bananas for Madagascar between N/A and 2023 were France ($740).

Historical Data

Trade Balance

Color
EXPORTS (2023)$127k
IMPORTS (2023)$740
NET TRADE (2023)$127k

In 2023, Madagascar exported $127k in Bananas. The main destinations of Madagascar exports on Bananas were Spain ($63.8k), Mauritius ($55.4k), France ($3.45k), Comoros ($2.08k), and Japan ($1.25k).

In 2023, Madagascar imported $740 in Bananas, mainly from France ($740).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Mauritius$55.4k (1%)
Comoros$1.92k (1.21k%)
Switzerland$1.23k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Madagascar WERE (2022 - 2023):
Spain-$9.26k (-12.7%)
Japan-$502 (-28.7%)
Germany-$27 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Bananas were:
In 2023, Madagascar's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $43.9k
TOP IMPORT POTENTIALPhilippines+ $389

Bananas’s highest export potential is Spain. With an export gap of $43.9k.   Bananas’s highest import potential is Philippines with an import gap of $389.

See methodology.

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