Madagascar (MDG) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Madagascar-Belgium Trade: In 2022, Madagascar exported $36.6M to Belgium. The main products that Madagascar exported to Belgium were Raw Nickel ($10.6M), Vanilla ($6.24M), and Cocoa Beans ($3.01M). Over the past 5 years the exports of Madagascar to Belgium have increased at an annualized rate of 8.49%, from $24.3M in 2017 to $36.6M in 2022.

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

Belgium-Madagascar Trade: In 2022, Belgium exported $125M to Madagascar. The main products that Belgium exported to Madagascar were Vaccines, blood, antisera, toxins and cultures ($32.5M), Delivery Trucks ($11.8M), and Cars ($8.26M). Over the past 5 years the exports of Belgium to Madagascar have increased at an annualized rate of 16.9%, from $57M in 2017 to $125M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $36.6M to Belgium. The main products exported from Madagascar to Belgium were Raw Nickel ($10.6M), Vanilla ($6.24M), and Cocoa Beans ($3.01M). During the last 5 years the exports of Madagascar to Belgium have increased at an annualized rate of 8.49%, from $24.3M in 2017 to $36.6M in 2022.

In 2017, Belgium exported $125M to Madagascar. The main products exported from Belgium to Madagascar were Vaccines, blood, antisera, toxins and cultures ($32.5M), Delivery Trucks ($11.8M), and Cars ($8.26M). During the last 5 years the exports of Belgium to Madagascar have increased at an annualized rate of 16.9%, from $57M in 2022 to $125M in 2017.

Exports from Madagascar () to Belgium () (2022)

Exports from Belgium () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Belgium ()

Madagascar Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Madagascar than Belgium included Comoros ($7.03M) and Turks and Caicos Islands ($322k).

In 2022, countries that imported more from Belgium than Madagascar included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Madagascar - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Belgium in the exports of Vegetable Products ($11M), Metals ($10.9M), and Foodstuffs ($4.61M).

During 2017, Belgium had a large net trade with Madagascar in the exports of Chemical Products ($43.6M), Transportation ($27.3M), and Machines ($22.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Belgium+$7.29MRaw Nickel

Top Product Potential Belgium Madagascar+$4.64MRefined Petroleum

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 Madagascar and Belgium. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Madagascar.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Belgium () (2022)

Exports from Belgium () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Belgium ()

Madagascar Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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