2023
Exports
$180kWorld Rnk 161 / 226
Flag Rnk 222 / 810
falsefalse United States
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$17.6MWorld Rnk 153 / 226
Flag Rnk 60 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $180k in Motor vehicles; parts and accessories (8701 to 8705), making it the 161st largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 222nd most exported product in Madagascar. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Madagascar are: United States ($166k), South Africa ($4.94k), France ($3.13k), United Arab Emirates ($2.7k), and Canada ($614).

Imports In 2023, Madagascar imported $17.6M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 153rd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 60th most imported product in Madagascar. Madagascar imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($4.44M), France ($4.03M), United Arab Emirates ($2.31M), Belgium ($1.48M), and South Africa ($559k).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Madagascar between 2022 and 2023 were Belgium ($634k), Japan ($363k), and Switzerland ($242k).

Latest Trends

Dec 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 Motor vehicles; parts and accessories (8701 to 8705). 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 (2023)$180k
IMPORTS (2023)$17.6M
NET TRADE (2023)-$17.4M

In 2023, Madagascar exported $180k in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Madagascar exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($166k), South Africa ($4.94k), France ($3.13k), United Arab Emirates ($2.7k), and Canada ($614).

In 2023, Madagascar imported $17.6M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($4.44M), France ($4.03M), United Arab Emirates ($2.31M), Belgium ($1.48M), and South Africa ($559k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Madagascar's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $640k
TOP IMPORT POTENTIALChina+ $8.54M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $640k.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $8.54M.

See methodology.

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