2022
Exports
$571kWorld Rnk 166 / 212
Flag Rnk 150 / 803
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$19.8kWorld Rnk 157 / 187
Flag Rnk 916 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $571k in Scrap Iron, making it the 166th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 150th most exported product in Madagascar. The main destination of Scrap Iron exports from Madagascar are: India ($571k).

The fastest growing export markets for Scrap Iron of Madagascar between 2021 and 2022 were India ($505k).

Imports In 2022, Madagascar imported $19.8k in Scrap Iron, becoming the 157th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 916th most imported product in Madagascar. Madagascar imports Scrap Iron primarily from: China ($19.4k) and France ($391).

The fastest growing import markets in Scrap Iron for Madagascar between 2021 and 2022 were China ($9.74k) and France ($193).

Latest Trends

Oct 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 Scrap Iron. 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)$571k
IMPORTS (2022)$19.8k
NET TRADE (2022)$552k

In 2022, Madagascar exported $571k in Scrap Iron. The main destinations of Madagascar exports on Scrap Iron were India ($571k).

In 2022, Madagascar imported $19.8k in Scrap Iron, mainly from China ($19.4k) and France ($391).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):India$505k (761%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Madagascar WERE (2021 - 2022):
Thailand-$168k (-100%)
France-$38 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Scrap Iron were:
In 2022, Madagascar's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $765k
TOP IMPORT POTENTIALChina+ $3.05k

Scrap Iron’s highest export potential is India. With an export gap of $765k.   Scrap Iron’s highest import potential is China with an import gap of $3.05k.

See methodology.

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