2022
Exports
$240kWorld Rnk 170 / 210
Flag Rnk 208 / 803
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$64.8MWorld Rnk 150 / 224
Flag Rnk 11 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $240k in Cars, making it the 170th largest exporter of Cars in the world. At the same year, Cars was the 208th most exported product in Madagascar. The main destination of Cars exports from Madagascar are: Belgium ($92.2k), France ($82.5k), Comoros ($38.9k), United States ($18.6k), and Democratic Republic of the Congo ($7.79k).

The fastest growing export markets for Cars of Madagascar between 2021 and 2022 were Belgium ($64.1k), Comoros ($38.9k), and Democratic Republic of the Congo ($7.79k).

Imports In 2022, Madagascar imported $64.8M in Cars, becoming the 150th largest importer of Cars in the world. At the same year, Cars was the 11th most imported product in Madagascar. Madagascar imports Cars primarily from: South Korea ($10.6M), China ($8.9M), Belgium ($8.26M), United Arab Emirates ($7.85M), and India ($4.72M).

The fastest growing import markets in Cars for Madagascar between 2021 and 2022 were South Korea ($3.5M), China ($3.01M), and Romania ($2.38M).

Latest Trends

Sep 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 Cars. 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)$240k
IMPORTS (2022)$64.8M
NET TRADE (2022)-$64.6M

In 2022, Madagascar exported $240k in Cars. The main destinations of Madagascar exports on Cars were Belgium ($92.2k), France ($82.5k), Comoros ($38.9k), United States ($18.6k), and Democratic Republic of the Congo ($7.79k).

In 2022, Madagascar imported $64.8M in Cars, mainly from South Korea ($10.6M), China ($8.9M), Belgium ($8.26M), United Arab Emirates ($7.85M), and India ($4.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Belgium$64.1k (229%)
Comoros$38.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Madagascar WERE (2021 - 2022):
France-$71.4k (-46.4%)
United States-$57.5k (-75.5%)
Senegal-$35.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Cars were:
In 2022, Madagascar's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $197k
TOP IMPORT POTENTIALChina+ $8.7M

Cars’s highest export potential is Belgium. With an export gap of $197k.   Cars’s highest import potential is China with an import gap of $8.7M.

See methodology.

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