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2021
Flag → Flag
Exports $14.4kRnk 137 / 0
2021
Flag → Flag
Exports $14.9MRnk 5 / 75
2021
Flag → Flag
Top Product $14.9MWheat
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
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GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
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GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Madagascar-Eritrea In 2021, Madagascar exported $14.4k to Eritrea. The main products that Madagascar exported to Eritrea are N/A. During the last 11 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 16.5%, from $105k in 2010 to $14.4k in 2021.

In 2021, Madagascar did not export any services to Eritrea.

Eritrea-Madagascar In 2021, Eritrea exported $14.9M to Madagascar. The main products that Eritrea exported to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). During the last 11 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%, from $124 in 2010 to $14.9M in 2021.

In 2021, Eritrea did not export any services to Madagascar.

Comparison In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08),  and 133 in total exports ($4.25B). That same year, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $14.4k to Eritrea. There were not main exports from Madagascar to Eritrea in 2021. During the last 11 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 16.5%, from $105k in 2010 to $14.4k in 2021.

In 2022, Eritrea exported $14.9M to Madagascar. The main products exported from Eritrea to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). During the last 17 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%, from $124 in 2005 to $14.9M in 2022.

Exports from Madagascar (Flag) to Eritrea (Flag) (2022)

Exports from Eritrea (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Eritrea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Eritrea
Top DestinationChina$412M

This map shows whether countries import more from Madagascar or Eritrea. Each country is colored based on the difference in imports they receive from Madagascar and Eritrea or the difference in the growth in imports.

In 2021, countries that imported more from Madagascar than Eritrea were United States ($756M), France ($634M), and Japan ($448M).

In 2021, countries that imported more from Eritrea than Madagascar were United Arab Emirates ($263M) and Croatia ($3.42M).

Difference in imports from Eritrea (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Eritrea

Flow
Scale

This chart compares trade between Madagascar and Eritrea by product, considering products traded by both, Madagascar and Eritrea.

During 2021, Madagascar had a large net trade with Eritrea in the exports of .

During 2022, Eritrea had a large net trade with Madagascar in the exports of Vegetable Products ($14.9M), Machines ($23.5k), and Transportation ($2.03k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Madagascar has comparative advantage over Eritrea. Similarly, the more yellow a dot/product is, the more Eritrea has comparative advantage over Madagascar.

Product Space of Madagascar (Flag) and Eritrea (Flag) (2022)

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