Türkiye-Madagascar Bilateral Trade Analysis 2023
Complete trade statistics: $336.34M total volume •Türkiye deficit: $84.71M
Türkiye → Madagascar
$125.82M
Exports (2023)
Madagascar → Türkiye
$210.52M
Imports (2023)
Trade Balance
$84.71M
Deficit for Türkiye
Total Trade
$336.34M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Madagascar. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Madagascar commercial relationship and competitive positioning in global markets.
Türkiye → Madagascar Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Madagascar demonstrates strategic specialization, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.
Madagascar → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Madagascar reveals strategic sourcingin metals: gold, semi-manufactured, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to Madagascar, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $336.34M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Türkiye-Madagascar Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $336.34 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a deficit of $84.71 million
- Export Focus: Türkiye's primary exports include metals: gold, non-monetary, unwrought (but not powder), iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, wheat or meslin flour
- Import Dependencies: Key imports from Madagascar include metals: gold, semi-manufactured, metals: gold, non-monetary, unwrought (but not powder), vegetables, leguminous: cow peas (vigna unguiculata), shelled, whether or not skinned or split, dried
Strategic Trade Indicators
📈 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 $336.34M 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 Türkiye leveraging its comparative advantages in metals: gold, non-monetary, unwrought (but not powder).
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
Comparative Advantage
Türkiye's specialization in metals: gold, non-monetary, unwrought (but not powder)complements Madagascar's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, semi-manufactured.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $336.34M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $336.34M 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 $336.34 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in metals: gold, non-monetary, unwrought (but not powder) and metals: gold, semi-manufactured demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade deficit of $84.71 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 Türkiye and Madagascar represents a total trade volume of $336.34 million in 2023. This partnership demonstrates an unfavorable trade balance for Türkiye, with imports exceeding exportsby $84.71 million.
Export Strengths
Türkiye's exports to Madagascar total $125.82 million, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $72.34M or57.5% of bilateral exports.
Import Dependencies
Imports from Madagascar amount to $210.52 million, highlighting economic interdependence in metals: gold, semi-manufactured, with Metals: gold, semi-manufactured comprising59.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Türkiye's strategic sourcing from Madagascar. 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 Türkiye and Madagascar in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023