2023
Exports
$4.3kWorld Rnk 147 / 151
Flag Rnk 529 / 810
2023
PRODUCT COMPLEXITY IN Buses
0.24Rnk 481 / 1025
2023
Imports
$6.04MWorld Rnk 146 / 212
Flag Rnk 144 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $4.3k in Buses, making it the 147th largest exporter of Buses in the world. At the same year, Buses was the 529th most exported product in Madagascar. The main destination of Buses exports from Madagascar are: France ($4.3k).

The fastest growing export markets for Buses of Madagascar between 2022 and 2023 were France ($4.3k).

Imports In 2023, Madagascar imported $6.04M in Buses, becoming the 146th largest importer of Buses in the world. At the same year, Buses was the 144th most imported product in Madagascar. Madagascar imports Buses primarily from: South Korea ($2.84M), Belgium ($1.47M), China ($626k), Japan ($440k), and Spain ($387k).

The fastest growing import markets in Buses for Madagascar between 2022 and 2023 were South Korea ($536k), China ($481k), and Belgium ($265k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Buses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.3k
IMPORTS (2023)$6.04M
NET TRADE (2023)-$6.03M

In 2023, Madagascar exported $4.3k in Buses. The main destinations of Madagascar exports on Buses were France ($4.3k).

In 2023, Madagascar imported $6.04M in Buses, mainly from South Korea ($2.84M), Belgium ($1.47M), China ($626k), Japan ($440k), and Spain ($387k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):France$4.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Madagascar WERE (2022 - 2023):
Comoros-$28.6k (-100%)
Belgium-$12.1k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Madagascar's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $9.2k
TOP IMPORT POTENTIALChina+ $260k

Buses’s highest export potential is Belgium. With an export gap of $9.2k.   Buses’s highest import potential is China with an import gap of $260k.

See methodology.

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