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Pricing

2022
Flag → Flag
Exports $7.37MRnk 34 / 157
2022
Flag → Flag
Top Product $3.27MNitrogenous Fertilizers
2022
Flag → Flag
Exports $29.8MRnk 130 / 218
2022
Flag → Flag
Top Product $4.22MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Madagascar-Thailand Trade: In 2022, Madagascar exported $7.37M to Thailand. The main products that Madagascar exported to Thailand were Nitrogenous Fertilizers ($3.27M), Precious Stones ($2.73M), and Dried Legumes ($208k). Over the past 5 years the exports of Madagascar to Thailand have decreased at an annualized rate of 8.16%, from $11.3M in 2017 to $7.37M in 2022.

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

Thailand-Madagascar Trade: In 2022, Thailand exported $29.8M to Madagascar. The main products that Thailand exported to Madagascar were Delivery Trucks ($4.22M), Stearic Acid ($2.91M), and Raw Sugar ($2.07M). Over the past 5 years the exports of Thailand to Madagascar have decreased at an annualized rate of 9.34%,  from $48.6M in 2017 to $29.8M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $7.37M to Thailand. The main products exported from Madagascar to Thailand were Nitrogenous Fertilizers ($3.27M), Precious Stones ($2.73M), and Dried Legumes ($208k). During the last 5 years the exports of Madagascar to Thailand have decreased at an annualized rate of 8.16%, from $11.3M in 2017 to $7.37M in 2022.

In 2017, Thailand exported $29.8M to Madagascar. The main products exported from Thailand to Madagascar were Delivery Trucks ($4.22M), Stearic Acid ($2.91M), and Raw Sugar ($2.07M). During the last 5 years the exports of Thailand to Madagascar have decreased at an annualized rate of 9.34%, from $48.6M in 2022 to $29.8M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Thailand (Flag)

Madagascar Exports

Thailand Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Madagascar than Thailand included Comoros ($7.03M) and North Korea ($1.51k).

In 2022, countries that imported more from Thailand than Madagascar included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Madagascar - Thailand

Flow
Scale

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

During 2022, Madagascar had a large net trade with Thailand in the exports of Chemical Products ($3.44M), Precious Metals ($2.76M), and Textiles ($382k).

During 2017, Thailand had a large net trade with Madagascar in the exports of Transportation ($6.05M), Plastics and Rubbers ($5.71M), and Metals ($3.92M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Thailand+$2.83MPrecious Stones
Top Product Potential Thailand Madagascar+$3.53MDelivery Trucks

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

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

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