2022
Exports
$8World Rnk 146 / 149
Flag Rnk 791 / 803
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$749World Rnk 144 / 158
Flag Rnk 1059 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $8 in Crude Petroleum, making it the 146th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 791st most exported product in Madagascar. The main destination of Crude Petroleum exports from Madagascar are: Netherlands ($7) and Belgium ($1).

The fastest growing export markets for Crude Petroleum of Madagascar between N/A and 2022 were Netherlands ($7) and Belgium ($1).

Imports In 2022, Madagascar imported $749 in Crude Petroleum, becoming the 144th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1059th most imported product in Madagascar. Madagascar imports Crude Petroleum primarily from: South Africa ($749).

The fastest growing import markets in Crude Petroleum for Madagascar between 2021 and 2022 were South Africa ($749).

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 Crude Petroleum. 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)$8
IMPORTS (2022)$749
NET TRADE (2022)-$741

In 2022, Madagascar exported $8 in Crude Petroleum. The main destinations of Madagascar exports on Crude Petroleum were Netherlands ($7) and Belgium ($1).

In 2022, Madagascar imported $749 in Crude Petroleum, mainly from South Africa ($749).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Madagascar WERE (N/A - 2022):
Belgium$1 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.47k
TOP IMPORT POTENTIALSaudi Arabia+ $1.25k

Crude Petroleum’s highest export potential is China. With an export gap of $1.47k.   Crude Petroleum’s highest import potential is Saudi Arabia with an import gap of $1.25k.

See methodology.

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