Madagascar (MDG) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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Madagascar-Belize Trade: In 2018, Madagascar exported $1.39k to Belize. The main products that Madagascar exported to Belize were N/A. Over the past 15 years the exports of Madagascar to Belize have decreased at an annualized rate of 9.06%, from $5.79k in 2003 to $1.39k in 2018.

In 2018, Madagascar did not export any services to Belize.

Belize-Madagascar Trade: In 2018, Belize exported $235k to Madagascar. The main products that Belize exported to Madagascar were N/A. Over the past 15 years the exports of Belize to Madagascar have increased at an annualized rate of 239%, from $527 in 2003 to $235k in 2018.

In 2018, Belize 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, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Madagascar exported $1.39k to Belize. There were not main exports from Madagascar to Belize in 2018. During the last 15 years the exports of Madagascar to Belize have decreased at an annualized rate of 9.06%, from $5.79k in 2003 to $1.39k in 2018.

In 2016, Belize exported $235k to Madagascar. There were not main exports from Belize to Madagascar in 2016. During the last 5 years the exports of Belize to Madagascar have increased at an annualized rate of 239%, from $527 in 2021 to $235k in 2016.

Exports from Madagascar () to Belize () (2021)

Exports from Belize () to Madagascar () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Madagascar included Guatemala ($39.2M), Honduras ($19.9M), and Hungary ($18.3M).

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

Comparative Advantage Madagascar - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Madagascar had a large net trade with Belize in the exports of .

During 2016, Belize had a large net trade with Madagascar in the exports of .

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Belize () (2021)

Exports from Belize () to Madagascar () (2021)

Market Competitiveness

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

Comparative Advantage Madagascar - Belize

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Belize () (2021)

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