Madagascar (MDG) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Madagascar-Armenia In 2022, Madagascar exported $352k to Armenia. The main products that Madagascar exported to Armenia are Cocoa Beans ($64.8k), Precious Stones ($56.8k), and Knit Sweaters ($55.8k). During the last 16 years the exports of Madagascar to Armenia have increased at an annualized rate of 52.5%, from $412 in 2006 to $352k in 2022.

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

Armenia-Madagascar In 2022, Armenia exported $48 to Madagascar. The main products that Armenia exported to Madagascar were N/A. During the last 16 years the exports of Armenia to Madagascar have remained the same at an annualized rate of 0%, from $48 in 2006 to $48 in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $352k to Armenia. The main products exported from Madagascar to Armenia were Cocoa Beans ($64.8k), Precious Stones ($56.8k), and Knit Sweaters ($55.8k). During the last 16 years the exports of Madagascar to Armenia have increased at an annualized rate of 52.5%, from $412 in 2006 to $352k in 2022.

In 2014, Armenia exported $48 to Madagascar. There were not main exports from Armenia to Madagascar in 2014.

Exports from Madagascar () to Armenia () (2022)

Exports from Armenia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Armenia ()

Madagascar Exports

Date

Feb 2017

May 2015

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Armenia
Top DestinationRussia$2.36B

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

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

In 2021, countries that imported more from Armenia than Madagascar were Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia () and Madagascar () (2022)

Comparative Advantage Madagascar - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Armenia in the exports of Textiles ($215k), Foodstuffs ($65.2k), and Precious Metals ($56.8k).

During 2014, Armenia had a large net trade with Madagascar in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Armenia () (2022)

Exports from Armenia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Armenia ()

Madagascar Exports

Market Competitiveness

Difference in imports from Armenia () and Madagascar () (2022)

Comparative Advantage Madagascar - Armenia

Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Armenia () (2022)

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