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Pricing

2022
Flag → Flag
Exports $76.4kRnk 140 / 166
2022
Flag → Flag
Top Product $57.9kAnimal Food
2022
Flag → Flag
Exports $9.93MRnk 29 / 157
2022
Flag → Flag
Top Product $7.96MRough Wood
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Nigeria-Madagascar Trade: In 2022, Nigeria exported $76.4k to Madagascar. The main products that Nigeria exported to Madagascar were Animal Food ($57.9k), Motor vehicles; parts and accessories (8701 to 8705) ($14k), and Other Footwear ($2.27k). Over the past 5 years the exports of Nigeria to Madagascar have decreased at an annualized rate of 45.1%, from $1.52M in 2017 to $76.4k in 2022.

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

Madagascar-Nigeria Trade: In 2022, Madagascar exported $9.93M to Nigeria. The main products that Madagascar exported to Nigeria were Rough Wood ($7.96M), Dried Legumes ($1.11M), and Other Hides and Skins ($448k). Over the past 5 years the exports of Madagascar to Nigeria have increased at an annualized rate of 78%,  from $556k in 2017 to $9.93M in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). 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
Value

In 2022, Nigeria exported $76.4k to Madagascar. The main products exported from Nigeria to Madagascar were Animal Food ($57.9k), Motor vehicles; parts and accessories (8701 to 8705) ($14k), and Other Footwear ($2.27k). During the last 5 years the exports of Nigeria to Madagascar have decreased at an annualized rate of 45.1%, from $1.52M in 2017 to $76.4k in 2022.

In 2017, Madagascar exported $9.93M to Nigeria. The main products exported from Madagascar to Nigeria were Rough Wood ($7.96M), Dried Legumes ($1.11M), and Other Hides and Skins ($448k). During the last 5 years the exports of Madagascar to Nigeria have increased at an annualized rate of 78%, from $556k in 2022 to $9.93M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Nigeria than Madagascar included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Madagascar than Nigeria included Mauritius ($44.7M), Ethiopia ($12.2M), and Kenya ($16.4M).

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

Comparative Advantage Nigeria - Madagascar

Flow
Scale

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

During 2022, Nigeria had a large net trade with Madagascar in the exports of Foodstuffs ($57.9k), Transportation ($14k), and Footwear and Headwear ($2.27k).

During 2017, Madagascar had a large net trade with Nigeria in the exports of Wood Products ($7.96M), Vegetable Products ($1.14M), and Animal Hides ($766k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Madagascar+$41.5kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Madagascar Nigeria+$389kDried 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

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

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

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