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Pricing

2022
Flag → Flag
Exports $1.08MRnk 73 / 157
2022
Flag → Flag
Top Product $313kOther Vegetable Products
2022
Flag → Flag
Exports $322kRnk 162 / 194
2022
Flag → Flag
Top Product $145kButtons
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Madagascar-Sri Lanka Trade: In 2022, Madagascar exported $1.08M to Sri Lanka. The main products that Madagascar exported to Sri Lanka were Other Vegetable Products ($313k), Plaiting Products ($294k), and Vegetable Plaiting Materials ($253k). Over the past 5 years the exports of Madagascar to Sri Lanka have decreased at an annualized rate of 18.8%, from $3.06M in 2017 to $1.08M in 2022.

In 2022, Madagascar did not export any services to Sri Lanka.

Sri Lanka-Madagascar Trade: In 2022, Sri Lanka exported $322k to Madagascar. The main products that Sri Lanka exported to Madagascar were Buttons ($145k), Sewing Machines ($39.1k), and Activated Carbon ($33.6k). Over the past 5 years the exports of Sri Lanka to Madagascar have decreased at an annualized rate of 13.4%,  from $663k in 2017 to $322k in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.08M to Sri Lanka. The main products exported from Madagascar to Sri Lanka were Other Vegetable Products ($313k), Plaiting Products ($294k), and Vegetable Plaiting Materials ($253k). During the last 5 years the exports of Madagascar to Sri Lanka have decreased at an annualized rate of 18.8%, from $3.06M in 2017 to $1.08M in 2022.

In 2017, Sri Lanka exported $322k to Madagascar. The main products exported from Sri Lanka to Madagascar were Buttons ($145k), Sewing Machines ($39.1k), and Activated Carbon ($33.6k). During the last 5 years the exports of Sri Lanka to Madagascar have decreased at an annualized rate of 13.4%, from $663k in 2022 to $322k in 2017.

Exports from Madagascar (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Sri Lanka (Flag)

Madagascar Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Madagascar than Sri Lanka included France ($634M), China ($538M), and Japan ($448M).

In 2022, countries that imported more from Sri Lanka than Madagascar included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Sri Lanka

Flow
Scale

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

During 2022, Madagascar had a large net trade with Sri Lanka in the exports of Vegetable Products ($566k), Wood Products ($344k), and Textiles ($108k).

During 2017, Sri Lanka had a large net trade with Madagascar in the exports of Miscellaneous ($147k), Machines ($68k), and Chemical Products ($34.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Sri Lanka+$99.2kPrecious Stones
Top Product Potential Sri Lanka Madagascar+$36.7kActivated Carbon

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

Product Space of Madagascar (Flag) and Sri Lanka (Flag) (2022)

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