Benin (BEN) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Benin-Madagascar Trade: In 2022, Benin exported $21.3k to Madagascar. The main products that Benin exported to Madagascar were Used Clothing ($6.83k), Cars ($4.06k), and Brochures ($2.8k). Over the past 5 years the exports of Benin to Madagascar have decreased at an annualized rate of 46.1%, from $467k in 2017 to $21.3k in 2022.

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

Madagascar-Benin In N/A, Madagascar did not export any products to Benin.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $21.3k to Madagascar. The main products exported from Benin to Madagascar were Used Clothing ($6.83k), Cars ($4.06k), and Brochures ($2.8k). During the last 5 years the exports of Benin to Madagascar have decreased at an annualized rate of 46.1%, from $467k in 2017 to $21.3k in 2022.

Madagascar does not register exports to Benin. The main products exported from Madagascar to Benin were Cloves ($106k), Coconut and Other Vegetable Fibers ($69.6k), and Other Vegetable Products ($5.06k).

Exports from Benin () to Madagascar () (2022)

Exports from Madagascar () to Benin () (2022)

Latest Data

Trade between Benin () and Madagascar ()

Benin Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Benin than Madagascar included Bangladesh ($406M), India ($448M), and United Arab Emirates ($382M).

In 2022, countries that imported more from Madagascar than Benin included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Benin - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Madagascar in the exports of Textiles ($8.22k), Transportation ($4.06k), and Metals ($2.83k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Madagascar+$10.6kCars

Top Product Potential Madagascar Benin+$110kCloves

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Madagascar. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Benin.

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Madagascar () (2022)

Exports from Madagascar () to Benin () (2022)

Latest Data

Trade between Benin () and Madagascar ()

Benin Exports

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Benin - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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