2018
Exports
$2.7MWorld Rnk 35 / 153
Flag Rnk 88 / 803
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2018
Imports
$13.9kWorld Rnk 154 / 197
Flag Rnk 931 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2018, Madagascar exported $2.7M in Insect Resins, making it the 35th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 88th most exported product in Madagascar. The main destination of Insect Resins exports from Madagascar are: China ($2.61M), Vietnam ($75.1k), Japan ($7.58k), United States ($4.38k), and Mauritius ($1.02k).

The fastest growing export markets for Insect Resins of Madagascar between 2021 and 2022 were China ($804k), Vietnam ($75.1k), and Japan ($7.58k).

Imports In 2022, Madagascar imported $13.9k in Insect Resins, becoming the 154th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 931st most imported product in Madagascar. Madagascar imports Insect Resins primarily from: France ($9.43k), India ($1.77k), Djibouti ($1.21k), Mauritius ($1.17k), and United Arab Emirates ($326).

The fastest growing import markets in Insect Resins for Madagascar between 2021 and 2022 were France ($9.31k), Djibouti ($1.21k), and Mauritius ($1.17k).

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 Insect Resins. 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)$2.7M
IMPORTS (2022)$13.9k
NET TRADE (2022)$2.68M

In 2022, Madagascar exported $2.7M in Insect Resins. The main destinations of Madagascar exports on Insect Resins were China ($2.61M), Vietnam ($75.1k), Japan ($7.58k), United States ($4.38k), and Mauritius ($1.02k).

In 2022, Madagascar imported $13.9k in Insect Resins, mainly from France ($9.43k), India ($1.77k), Djibouti ($1.21k), Mauritius ($1.17k), and United Arab Emirates ($326).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
China$804k (44.6%)
Vietnam$75.1k (1%)
Japan$7.58k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Madagascar WERE (2021 - 2022):
France-$2.45k (-77.2%)
Burkina Faso-$913 (-58.9%)
Cameroon-$902 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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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.

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