Cape Verde (CPV) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Cape Verde-Madagascar Trade: In 2021, Cape Verde exported $419k to Madagascar. The main products that Cape Verde exported to Madagascar were N/A. Over the past 17 years the exports of Cape Verde to Madagascar have increased at an annualized rate of 43.8%, from $873 in 2004 to $419k in 2021.

In 2021, Cape Verde did not export any services to Madagascar.

Madagascar-Cape Verde Trade: In 2021, Madagascar exported $2.97k to Cape Verde. The main products that Madagascar exported to Cape Verde were N/A. Over the past 17 years the exports of Madagascar to Cape Verde have increased at an annualized rate of 63.1%, from $257 in 2004 to $2.97k in 2021.

In 2021, Madagascar did not export any services to Cape Verde.

Comparison In 2022, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index. That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Cape Verde exported $419k to Madagascar. There were not main exports from Cape Verde to Madagascar in 2021. During the last 17 years the exports of Cape Verde to Madagascar have increased at an annualized rate of 43.8%, from $873 in 2004 to $419k in 2021.

In 2008, Madagascar exported $2.97k to Cape Verde. There were not main exports from Madagascar to Cape Verde in 2008. During the last 5 years the exports of Madagascar to Cape Verde have increased at an annualized rate of 63.1%, from $257 in 2013 to $2.97k in 2008.

Exports from Cape Verde () to Madagascar () (2021)

Exports from Madagascar () to Cape Verde () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Cape Verde than Madagascar included Spain ($51.3M), Senegal ($3.8M), and Portugal ($10.9M).

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

Difference in imports from Madagascar () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Cape Verde had a large net trade with Madagascar in the exports of .

During 2008, Madagascar had a large net trade with Cape Verde 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 Cape Verde and Madagascar. This means that a dot/product with the flag of Cape Verde indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Cape Verde.

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Historical Data

Bilateral Trade by Products

Exports from Cape Verde () to Madagascar () (2021)

Exports from Madagascar () to Cape Verde () (2021)

Market Competitiveness

Difference in imports from Madagascar () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cape Verde () and Madagascar () (2021)

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