Iraq (IRQ) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Iraq-Madagascar Trade: In 2019, Iraq exported $41.2k to Madagascar. The main products that Iraq exported to Madagascar were N/A. Over the past 16 years the exports of Iraq to Madagascar have increased at an annualized rate of 12.8%, from $5.99k in 2003 to $41.2k in 2019.

In 2019, Iraq did not export any services to Madagascar.

Madagascar-Iraq Trade: In 2019, Madagascar exported $2.43M to Iraq. The main products that Madagascar exported to Iraq were Dried Legumes ($918k), Pepper ($868k), and Cloves ($621k). Over the past 16 years the exports of Madagascar to Iraq have increased at an annualized rate of 29.7%, from $662k in 2003 to $2.43M in 2019.

In 2019, Madagascar did not export any services to Iraq.

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). 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 2019, Iraq exported $41.2k to Madagascar. There were not main exports from Iraq to Madagascar in 2019. During the last 16 years the exports of Iraq to Madagascar have increased at an annualized rate of 12.8%, from $5.99k in 2003 to $41.2k in 2019.

In 2017, Madagascar exported $2.43M to Iraq. The main products exported from Madagascar to Iraq were Dried Legumes ($918k), Pepper ($868k), and Cloves ($621k). During the last 5 years the exports of Madagascar to Iraq have increased at an annualized rate of 29.7%, from $662k in 2022 to $2.43M in 2017.

Exports from Iraq () to Madagascar () (2022)

Exports from Madagascar () to Iraq () (2022)

Latest Data

Trade between Iraq () and Madagascar ()

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Iraq than Madagascar included India ($38.8B), China ($34B), and United States ($10.3B).

In 2022, countries that imported more from Madagascar than Iraq included Japan ($448M), South Africa ($152M), and Canada ($126M).

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

Comparative Advantage Iraq - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Iraq had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Iraq in the exports of Vegetable Products ($2.43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Madagascar+$5.59kRefined Petroleum

Top Product Potential Madagascar Iraq+$1.1MDried Legumes

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

Year

This visualization shows the product space at the HS4 level with the flags of Iraq and Madagascar. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Iraq.

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Madagascar () (2022)

Exports from Madagascar () to Iraq () (2022)

Latest Data

Trade between Iraq () and Madagascar ()

Madagascar Exports

Market Competitiveness

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

Comparative Advantage Iraq - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Madagascar () (2022)

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