2022
Exports
$9.82MWorld Rnk 20 / 159
Flag Rnk 46 / 803
2022
PRODUCT COMPLEXITY IN Watch Straps
-0.095Rnk 579 / 1025
2022
Imports
$4.57MWorld Rnk 41 / 197
Flag Rnk 202 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $9.82M in Watch Straps, making it the 20th largest exporter of Watch Straps in the world. At the same year, Watch Straps was the 46th most exported product in Madagascar. The main destination of Watch Straps exports from Madagascar are: France ($7.9M), Switzerland ($1.35M), Japan ($111k), South Korea ($92.9k), and China ($70.4k).

The fastest growing export markets for Watch Straps of Madagascar between 2021 and 2022 were France ($522k), United Kingdom ($66.6k), and United States ($54.9k).

Imports In 2022, Madagascar imported $4.57M in Watch Straps, becoming the 41st largest importer of Watch Straps in the world. At the same year, Watch Straps was the 202nd most imported product in Madagascar. Madagascar imports Watch Straps primarily from: France ($4.57M), China ($2.66k), Hong Kong ($2.26k), Switzerland ($111), and Mauritius ($54).

The fastest growing import markets in Watch Straps for Madagascar between 2021 and 2022 were China ($2.59k), Hong Kong ($2.26k), and Mauritius ($54).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Watch Straps. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.82M
IMPORTS (2022)$4.57M
NET TRADE (2022)$5.25M

In 2022, Madagascar exported $9.82M in Watch Straps. The main destinations of Madagascar exports on Watch Straps were France ($7.9M), Switzerland ($1.35M), Japan ($111k), South Korea ($92.9k), and China ($70.4k).

In 2022, Madagascar imported $4.57M in Watch Straps, mainly from France ($4.57M), China ($2.66k), Hong Kong ($2.26k), Switzerland ($111), and Mauritius ($54).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Straps EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
France$522k (7.07%)
United Kingdom$66.6k (2.62k%)
United States$54.9k (399%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Straps BY Madagascar WERE (2021 - 2022):
Switzerland-$71.7k (-5.03%)
Russia-$47.5k (-100%)
South Korea-$14.2k (-13.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Watch Straps were:
In 2022, Madagascar's main importing competitors in Watch Straps were:

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Trade Value of Watch Straps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $808k
TOP IMPORT POTENTIALChina+ $18.1k

Watch Straps’s highest export potential is Switzerland. With an export gap of $808k.   Watch Straps’s highest import potential is China with an import gap of $18.1k.

See methodology.

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