2023
Exports
$2.4MWorld Rnk 40 / 140
Flag Rnk 97 / 810
2023
PRODUCT COMPLEXITY IN Insect Resins
-2.36Rnk 1014 / 1025
2023
Imports
$960kWorld Rnk 74 / 191
Flag Rnk 401 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $2.4M in Insect Resins, making it the 40th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 97th most exported product in Madagascar. The main destination of Insect Resins exports from Madagascar are: China ($2.35M), Hong Kong ($28.8k), Japan ($10.7k), France ($7.5k), and Mauritius ($907).

The fastest growing export markets for Insect Resins of Madagascar between 2022 and 2023 were Hong Kong ($28.8k), France ($7.38k), and Japan ($1.25k).

Imports In 2023, Madagascar imported $960k in Insect Resins, becoming the 74th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 401st most imported product in Madagascar. Madagascar imports Insect Resins primarily from: Kenya ($959k), India ($1.02k), United Kingdom ($252), France ($206), and United Arab Emirates ($172).

The fastest growing import markets in Insect Resins for Madagascar between 2022 and 2023 were Kenya ($959k) and United Kingdom ($252).

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 Insect Resins. 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)$2.4M
IMPORTS (2023)$960k
NET TRADE (2023)$1.44M

In 2023, Madagascar exported $2.4M in Insect Resins. The main destinations of Madagascar exports on Insect Resins were China ($2.35M), Hong Kong ($28.8k), Japan ($10.7k), France ($7.5k), and Mauritius ($907).

In 2023, Madagascar imported $960k in Insect Resins, mainly from Kenya ($959k), India ($1.02k), United Kingdom ($252), France ($206), and United Arab Emirates ($172).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Hong Kong$28.8k (1%)
France$7.38k (6.1k%)
Japan$1.25k (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Madagascar WERE (2022 - 2023):
China-$422k (-15.2%)
Vietnam-$75.1k (-100%)
United States-$4.38k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $90.2k
TOP IMPORT POTENTIALIndia+ $3.7k

Insect Resins’s highest export potential is Vietnam. With an export gap of $90.2k.   Insect Resins’s highest import potential is India with an import gap of $3.7k.

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