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2022
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Exports $51.7MRnk 127 / 218
2022
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Top Product $5.47MSoups and Broths
2022
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Exports $39.3MRnk 19 / 157
2022
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Top Product $9.06MNon-Knit Men's Shirts
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Madagascar In 2022, Spain exported $51.7M to Madagascar. The main products that Spain exported to Madagascar are Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). During the last 27 years the exports of Spain to Madagascar have increased at an annualized rate of 8.06%, from $6.38M in 1995 to $51.7M in 2022.

In 2022, Spain did not export any services to Madagascar.

Madagascar-Spain In 2022, Madagascar exported $39.3M to Spain. The main products that Madagascar exported to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). During the last 27 years the exports of Madagascar to Spain have increased at an annualized rate of 2.86%, from $18.4M in 1995 to $39.3M in 2022.

In 2022, Madagascar did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €3.62M and imported €7.65M from Madagascar, resulting in a negative trade balance of €4.03M. Between February 2023 and February 2024 the exports of Spain have increased by €1.31M (57.1%) from €2.3M to €3.62M, while imports increased by €5.34M (231%) from €2.32M to €7.65M.

Trade In February 2024, the top exports of Spain to Madagascar were Soups and Broths (€663k), Paper Containers (€165k), Electric Batteries (€136k), Mixed Mineral or Chemical Fertilizers (€83.9k), and Other knitted or crocheted fabrics. (€82.5k). In February 2024 the top imports of Spain from Madagascar were Basketwork (€1.03M), Other Fruits (€491k), Non-Knit Men's Shirts (€446k), Knit Sweaters (€312k), and Crustaceans (€261k).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€1.21M), Murcia (€677k), Sin provincia asignada (€541k), Castellón (€457k), and Sevilla (€172k), while imports destinations were mainly Cádiz (€4.54M), Madrid (€1.71M), Barcelona (€426k), Guipúzcoa (€249k), and Murcia (€194k).

Growth In February 2024, the increase in Spain's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Soups and Broths (€315k or 90.7%), Electrical Power Accessories (€39.6k or 542%), and Cellulose Fibers Paper (€32.4k or 73.6%). In February 2024, the increase in Spain's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Basketwork (€868k or 523%), Other Fruits (€474k or 2.7k%), and Knit Sweaters (€223k or 248%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€1.31M(57.1%)
IMPORT GROWTH (February 2023 - February 2024)€5.34M(231%)
MAIN EXPORTER (February 2024)Barcelona€1.21M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Madagascar and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $51.7M to Madagascar. The main products exported from Spain to Madagascar were Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). During the last 27 years the exports of Spain to Madagascar have increased at an annualized rate of 8.06%, from $6.38M in 1995 to $51.7M in 2022.

In 2022, Madagascar exported $39.3M to Spain. The main products exported from Madagascar to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). During the last 27 years the exports of Madagascar to Spain have increased at an annualized rate of 2.86%, from $18.4M in 1995 to $39.3M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Madagascar
Top DestinationUnited States$756M

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

In 2021, countries that imported more from Spain than Madagascar were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Madagascar than Spain were Comoros ($7.03M).

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

Comparative Advantage Spain - Madagascar

Flow
Scale

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

During 2022, Spain had a large net trade with Madagascar in the exports of Metals ($11M), Foodstuffs ($6.76M), and Stone And Glass ($6.32M).

During 2022, Madagascar had a large net trade with Spain in the exports of Textiles ($17.6M), Vegetable Products ($4.26M), and Foodstuffs ($3.63M).

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 Spain has comparative advantage over Madagascar. Similarly, the more yellow a dot/product is, the more Madagascar has comparative advantage over Spain.

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

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