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Pricing

2022
Flag → Flag
Exports $337kRnk 104 / 160
2022
Flag → Flag
Exports $1.13MRnk 69 / 157
2022
Flag → Flag
Top Product $684kCloves
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Senegal-Madagascar Trade: In 2022, Senegal exported $337k to Madagascar. The main products that Senegal exported to Madagascar were N/A. Over the past 5 years the exports of Senegal to Madagascar have decreased at an annualized rate of 6.84%, from $480k in 2017 to $337k in 2022.

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

Madagascar-Senegal Trade: In 2022, Madagascar exported $1.13M to Senegal. The main products that Madagascar exported to Senegal were Cloves ($684k), Coconut and Other Vegetable Fibers ($303k), and Other Vegetable Fibers Yarn ($86.1k). Over the past 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 42.8%,  from $191k in 2017 to $1.13M in 2022.

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

Comparison: In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). 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, Senegal exported $337k to Madagascar. There were not main exports from Senegal to Madagascar in 2022. During the last 5 years the exports of Senegal to Madagascar have decreased at an annualized rate of 6.84%, from $480k in 2017 to $337k in 2022.

In 2017, Madagascar exported $1.13M to Senegal. The main products exported from Madagascar to Senegal were Cloves ($684k), Coconut and Other Vegetable Fibers ($303k), and Other Vegetable Fibers Yarn ($86.1k). During the last 5 years the exports of Madagascar to Senegal have increased at an annualized rate of 42.8%, from $191k in 2022 to $1.13M in 2017.

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

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

Latest Data

Trade between Senegal (Flag) and Madagascar (Flag)

Senegal Exports

Madagascar Exports

Market Competitiveness

Color
Senegal
Top DestinationMali$1.13B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Senegal than Madagascar included Mali ($1.13B), India ($1B), and Switzerland ($662M).

In 2022, countries that imported more from Madagascar than Senegal included France ($634M), Japan ($448M), and China ($538M).

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

Comparative Advantage Senegal - Madagascar

Flow
Scale

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

During 2022, Senegal had a large net trade with Madagascar in the exports of Machines ($101k), Footwear and Headwear ($67k), and Transportation ($54.6k).

During 2017, Madagascar had a large net trade with Senegal in the exports of Vegetable Products ($717k), Textiles ($408k), and Wood Products ($4.06k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Madagascar+$38.4kCars
Top Product Potential Madagascar Senegal+$82.3kCloves

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

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

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