Madagascar
↔
Italy

Madagascar-Italy Bilateral Trade Analysis 2023

Complete trade statistics: $106.51M total volume •Madagascar surplus: $9.83M

Madagascar → Italy

$58.17M

Exports (2023)

Italy → Madagascar

$48.34M

Imports (2023)

Trade Balance

$9.83M

Surplus for Madagascar

Total Trade

$106.51M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Madagascar and Italy. Green line shows exports from Madagascar, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Madagascar-Italy commercial relationship and competitive positioning in global markets.

Madagascar → Italy Exports

$58.17M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
19.6% top product
1Nickel: unwrought, not alloyed
$11.42M
19.6% of exports
2Basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601
$6.68M
11.5% of exports
3Basketwork, wickerwork and other articles: of vegetable materials (not bamboo or rattan), made directly to shape from plaiting materials or made up from goods of heading no. 4601: articles of loofah
$4.68M
8.1% of exports
4Granite: merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
$3.85M
6.6% of exports
5Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced)
$3.13M
5.4% of exports

🎯 Strategic Export Focus

Madagascar's export portfolio to Italy demonstrates strategic specialization, with nickel: unwrought, not alloyed representing a key competitive advantage in this bilateral market.

Italy → Madagascar Imports

$48.34M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
5.5% concentration
1Teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars
$2.64M
5.5% of imports
2Stoppers: corks, of base metal
$1.81M
3.7% of imports
3Electric generating sets: wind-powered, (excluding those with spark-ignition or compression-ignition internal combustion piston engines)
$1.70M
3.5% of imports
4Fabrics, woven: containing 85% or more by weight of cotton, printed, plain weave, weighing not more than 100g/m2
$1.66M
3.4% of imports
5Machines: for cleaning, sorting or grading seed, grain or dried leguminous vegetables
$1.62M
3.3% of imports

📦 Import Strategy Analysis

Madagascar's import pattern from Italy reveals strategic sourcingin teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Madagascar demonstrates competitive strength in exportingnickel: unwrought, not alloyed to Italy, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $106.51M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Madagascar-Italy Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $106.51 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Madagascar maintains a surplus of $9.83 million
  • Export Focus: Madagascar's primary exports include nickel: unwrought, not alloyed, basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601, basketwork, wickerwork and other articles: of vegetable materials (not bamboo or rattan), made directly to shape from plaiting materials or made up from goods of heading no. 4601: articles of loofah
  • Import Dependencies: Key imports from Italy include teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars, stoppers: corks, of base metal, electric generating sets: wind-powered, (excluding those with spark-ignition or compression-ignition internal combustion piston engines)

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $106.51M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Madagascar leveraging its comparative advantages in nickel: unwrought, not alloyed.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Madagascar's specialization in nickel: unwrought, not alloyedcomplements Italy's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $106.51M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyModerate
🔮

Trade Relationship Outlook

The $106.51M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $106.51 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in nickel: unwrought, not alloyed and teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Madagascar's trade surplus of $9.83 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601 present expansion opportunities.
Market Diversification
Beyond current focus on teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in nickel: unwrought, not alloyed may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Madagascar and Italy represents a total trade volume of $106.51 million in 2023. This partnership demonstrates a favorable trade balance for Madagascar, with exports exceeding importsby $9.83 million.

Export Strengths

Madagascar's exports to Italy total $58.17 million, with competitive advantages in nickel: unwrought, not alloyed, representing $11.42M or19.6% of bilateral exports.

Import Dependencies

Imports from Italy amount to $48.34 million, highlighting economic interdependence in teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars, with Teleferics, chair-lifts, ski-draglines, traction mechanisms for funiculars comprising5.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Madagascar's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Madagascar and Italy in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023