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2022
Flag → Flag
Exports $440kRnk 83 / 133
2022
Flag → Flag
Top Product $111kPackaged Medicaments
2022
Flag → Flag
Exports $1.8MRnk 57 / 157
2022
Flag → Flag
Top Product $1.11MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Ghana-Madagascar Trade: In 2022, Ghana exported $440k to Madagascar. The main products that Ghana exported to Madagascar were Packaged Medicaments ($111k), Awnings, Tents, and Sails ($75.4k), and Sports Equipment ($65.4k). Over the past 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 53.4%, from $51.8k in 2017 to $440k in 2022.

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

Madagascar-Ghana Trade: In 2022, Madagascar exported $1.8M to Ghana. The main products that Madagascar exported to Ghana were Nitrogenous Fertilizers ($1.11M), Cloves ($170k), and Coconut and Other Vegetable Fibers ($158k). Over the past 5 years the exports of Madagascar to Ghana have increased at an annualized rate of 51.9%,  from $223k in 2017 to $1.8M in 2022.

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

Comparison: In 2022,  Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). 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
Value

In 2022, Ghana exported $440k to Madagascar. The main products exported from Ghana to Madagascar were Packaged Medicaments ($111k), Awnings, Tents, and Sails ($75.4k), and Sports Equipment ($65.4k). During the last 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 53.4%, from $51.8k in 2017 to $440k in 2022.

In 2017, Madagascar exported $1.8M to Ghana. The main products exported from Madagascar to Ghana were Nitrogenous Fertilizers ($1.11M), Cloves ($170k), and Coconut and Other Vegetable Fibers ($158k). During the last 5 years the exports of Madagascar to Ghana have increased at an annualized rate of 51.9%, from $223k in 2022 to $1.8M in 2017.

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

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

Latest Data

Trade between Ghana (Flag) and Madagascar (Flag)

Ghana Exports

Madagascar Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Ghana than Madagascar included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Madagascar than Ghana included France ($634M), Japan ($448M), and Indonesia ($147M).

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

Comparative Advantage Ghana - Madagascar

Flow
Scale

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

During 2022, Ghana had a large net trade with Madagascar in the exports of Textiles ($153k), Chemical Products ($111k), and Instruments ($79.1k).

During 2017, Madagascar had a large net trade with Ghana in the exports of Chemical Products ($1.11M), Vegetable Products ($254k), and Textiles ($226k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Madagascar+$72.8kPackaged Medicaments
Top Product Potential Madagascar Ghana+$326kNitrogenous Fertilizers

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

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

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

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