{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:57.322Z",
  "seo": {
    "title": "Argentina exports to Madagascar: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Argentina to Madagascar, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "ARG",
    "country_name": "Argentina"
  },
  "importer": {
    "iso3": "MDG",
    "country_name": "Madagascar"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ARG",
    "importer_iso3": "MDG",
    "all_history_lane_count": 6,
    "current_lane_count": 1,
    "current_product_count": 1,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 43020191.96868735,
    "attention_trade_usd": 43020191.96868735,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 0,
    "unrecovered_drawdown_trade_usd": 0,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 43020191.96868735,
    "access_friction_trade_usd": 43020191.96868735,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 0,
    "unrecovered_drawdown_lane_count": 0,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 1,
    "access_friction_lane_count": 1,
    "trade_weighted_volatility_cv": 0.8217521799187615,
    "trade_weighted_below_peak_pct": 0.135335850399057,
    "product_concentration_hhi": 10000,
    "top1_product_share_pct": 100,
    "top3_product_share_pct": 100,
    "top_product_hs6": "150710",
    "top_product_trade_usd": 43020191.96868735,
    "top_product_description": "Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified",
    "top_attention_product_hs6": "150710",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 10212.05078125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 8.449328033131314,
    "avg_mfn_tariff_pct": 8.449328033131314,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 8,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 14637.400396,
    "buyer_gdp_pc_latest": 515,
    "buyer_population_latest": 28427.334,
    "buyer_gdp_5y_cagr_pct": 4.3132742329127005,
    "buyer_gdp_pc_5y_cagr_pct": 1.745400205779224,
    "buyer_population_5y_cagr_pct": 2.5238232116046477,
    "buyer_investment_5y_avg_pct": 22.479999999999997,
    "buyer_savings_5y_avg_pct": 10.228,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 100,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "concentrated_product_mix",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 14637.400396,
    "buyer_gdp_pc_2024": 515,
    "buyer_population_2024": 28427.334
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 53270.17740239522,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 882776.6982721011,
      "yoy_growth_pct": 1557.168684841677,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 3706462.1426301957,
      "yoy_growth_pct": 319.86406640377146,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 3013819.8514423086,
      "yoy_growth_pct": -18.687423870364185,
      "cagr_3y_pct": 283.8937562476041
    },
    {
      "year": 1999,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 2600316.053921356,
      "yoy_growth_pct": -13.720255951033844,
      "cagr_3y_pct": 43.34803984624935
    },
    {
      "year": 2000,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 6730753.570767519,
      "yoy_growth_pct": 158.84367250732225,
      "cagr_3y_pct": 22.002306299671837
    },
    {
      "year": 2001,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 4372168.242456178,
      "yoy_growth_pct": -35.041920693025574,
      "cagr_3y_pct": 13.203501111620985
    },
    {
      "year": 2002,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 5435974.922889382,
      "yoy_growth_pct": 24.33132993609557,
      "cagr_3y_pct": 27.864632802557487
    },
    {
      "year": 2003,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 16362555.985285299,
      "yoy_growth_pct": 201.00499390435226,
      "cagr_3y_pct": 34.46083949743952
    },
    {
      "year": 2004,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 33576190.35858373,
      "yoy_growth_pct": 105.20137800462534,
      "cagr_3y_pct": 97.29292777655654
    },
    {
      "year": 2005,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 13480498.351816878,
      "yoy_growth_pct": -59.85101880871784,
      "cagr_3y_pct": 35.35558109997936
    },
    {
      "year": 2006,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 14795799.923161296,
      "yoy_growth_pct": 9.757069338368662,
      "cagr_3y_pct": -3.299414985325244
    },
    {
      "year": 2007,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 31972305.568802983,
      "yoy_growth_pct": 116.09041575882384,
      "cagr_3y_pct": -1.6183325934332582
    },
    {
      "year": 2008,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 48152333.36653156,
      "yoy_growth_pct": 50.606384212454984,
      "cagr_3y_pct": 52.863499078513755
    },
    {
      "year": 2009,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 7859022.016224687,
      "yoy_growth_pct": -83.67883450963328,
      "cagr_3y_pct": -19.013987068018512
    },
    {
      "year": 2010,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 2914445.935529891,
      "yoy_growth_pct": -62.91592096938887,
      "cagr_3y_pct": -54.99500862756639
    },
    {
      "year": 2011,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 5796859.958002254,
      "yoy_growth_pct": 98.90092615316593,
      "cagr_3y_pct": -50.62294801029559
    },
    {
      "year": 2012,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 7689373.25449764,
      "yoy_growth_pct": 32.64721435753977,
      "cagr_3y_pct": -0.7247904481291756
    },
    {
      "year": 2013,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 15878675.994330587,
      "yoy_growth_pct": 106.50156350574984,
      "cagr_3y_pct": 75.96221810898456
    },
    {
      "year": 2014,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 19764530.7207646,
      "yoy_growth_pct": 24.472158307288595,
      "cagr_3y_pct": 50.50972635292481
    },
    {
      "year": 2015,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 17776507.14460443,
      "yoy_growth_pct": -10.058541759716832,
      "cagr_3y_pct": 32.22649813999521
    },
    {
      "year": 2016,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 17278061.50135234,
      "yoy_growth_pct": -2.8039571508477135,
      "cagr_3y_pct": 2.855355485602651
    },
    {
      "year": 2017,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 16367396.41898082,
      "yoy_growth_pct": -5.270643829461097,
      "cagr_3y_pct": -6.093058071590796
    },
    {
      "year": 2018,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 14262107.19722146,
      "yoy_growth_pct": -12.86270074889806,
      "cagr_3y_pct": -7.079310968055408
    },
    {
      "year": 2019,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 28120101.944562927,
      "yoy_growth_pct": 97.16653055336226,
      "cagr_3y_pct": 17.62707339709868
    },
    {
      "year": 2020,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 19880975.46406951,
      "yoy_growth_pct": -29.29977457669376,
      "cagr_3y_pct": 6.697119772630078
    },
    {
      "year": 2021,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 36900598.89172288,
      "yoy_growth_pct": 85.6075873058271,
      "cagr_3y_pct": 37.282940474262325
    },
    {
      "year": 2022,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 87409418.37885644,
      "yoy_growth_pct": 136.87804806458877,
      "cagr_3y_pct": 45.94205141045909
    },
    {
      "year": 2023,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 37333631.92885899,
      "yoy_growth_pct": -57.28877663154699,
      "cagr_3y_pct": 23.373206048381267
    },
    {
      "year": 2024,
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "export_value_usd": 43571088.213334545,
      "yoy_growth_pct": 16.707338563687912,
      "cagr_3y_pct": 5.6951348930800005
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ARG",
      "importer_iso3": "MDG",
      "hs_code": "150710",
      "hs_description": "Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified",
      "buyer_imports_latest_usd": 43039769.784200296,
      "current_below_peak_pct": 0.135335850399057,
      "lane_volatility_cv": 0.8217521799187615,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ARG",
    "importer_iso3": "MDG",
    "distance_km": 10213,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 14637.400396000001,
    "importer_gdp_per_capita_usd": 514.9058436503402,
    "importer_population": 28427.334,
    "importer_biz_entry_days": 8,
    "importer_biz_entry_cost_pct": 30.2,
    "exporter_gdp_million_usd": 491492.700657,
    "exporter_gdp_per_capita_usd": 10729.23281193945,
    "avg_applied_tariff_pct": 8.449328033131314,
    "avg_mfn_tariff_pct": 8.449328033131314,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/ARG-MDG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ARG-MDG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ARG-MDG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ARG-MDG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ARG-MDG/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}