2022
Exports
$40.5kWorld Rnk 129 / 152
Flag Rnk 335 / 803
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$6.29MWorld Rnk 133 / 217
Flag Rnk 152 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $40.5k in Buses, making it the 129th largest exporter of Buses in the world. At the same year, Buses was the 335th most exported product in Madagascar. The main destination of Buses exports from Madagascar are: Comoros ($28.6k) and Belgium ($11.9k).

The fastest growing export markets for Buses of Madagascar between 2021 and 2022 were Comoros ($28.6k).

Imports In 2022, Madagascar imported $6.29M in Buses, becoming the 133rd largest importer of Buses in the world. At the same year, Buses was the 152nd most imported product in Madagascar. Madagascar imports Buses primarily from: South Korea ($2.39M), Japan ($1.64M), Belgium ($1.18M), United Arab Emirates ($520k), and Spain ($396k).

The fastest growing import markets in Buses for Madagascar between 2021 and 2022 were Japan ($1.61M), Belgium ($672k), and Spain ($158k).

Latest Trends

Nov 2024

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 (2022)$40.5k
IMPORTS (2022)$6.29M
NET TRADE (2022)-$6.25M

In 2022, Madagascar exported $40.5k in Buses. The main destinations of Madagascar exports on Buses were Comoros ($28.6k) and Belgium ($11.9k).

In 2022, Madagascar imported $6.29M in Buses, mainly from South Korea ($2.39M), Japan ($1.64M), Belgium ($1.18M), United Arab Emirates ($520k), and Spain ($396k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):Comoros$28.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Madagascar WERE (2021 - 2022):Belgium-$190k (-94.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, 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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