2023
Exports
$2World Rnk 144 / 150
Flag Rnk 803 / 810
falsefalse South Africa
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$749World Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $2 in Crude Petroleum, making it the 144th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 803rd most exported product in Madagascar. The main destination of Crude Petroleum exports from Madagascar are: South Africa ($2).

The fastest growing export markets for Crude Petroleum of Madagascar between 2022 and 2023 were South Africa ($2).

Imports In 2022, Madagascar imported $749 in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Madagascar. Madagascar imports Crude Petroleum primarily from: N/A.

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$2
IMPORTS (2022)$749
NET TRADE (2023)$2

In 2023, Madagascar exported $2 in Crude Petroleum. The main destinations of Madagascar exports on Crude Petroleum were South Africa ($2).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):South Africa$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Madagascar WERE (2022 - 2023):
Netherlands-$7 (-100%)
Belgium-$1 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Madagascar's main exporting competitors in Crude Petroleum were:
In 2023, Madagascar's main importing competitors in Crude Petroleum were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with