{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:07.457Z",
  "seo": {
    "title": "Switzerland, Liechtenstein exports to Madagascar: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Switzerland, Liechtenstein 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": "CHE",
    "country_name": "Switzerland, Liechtenstein"
  },
  "importer": {
    "iso3": "MDG",
    "country_name": "Madagascar"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "CHE",
    "importer_iso3": "MDG",
    "all_history_lane_count": 18,
    "current_lane_count": 10,
    "current_product_count": 10,
    "first_observed_last_year": 2008,
    "latest_data_year": 2024,
    "current_trade_usd": 1763369.8085505415,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 829715.7541207316,
    "unrecovered_drawdown_trade_usd": 758930.412150511,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1275399.2318294784,
    "access_friction_trade_usd": 1763369.8085505415,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 5,
    "unrecovered_drawdown_lane_count": 7,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 6,
    "access_friction_lane_count": 10,
    "trade_weighted_volatility_cv": 1.0561378750190675,
    "trade_weighted_below_peak_pct": 33.64514867658574,
    "product_concentration_hhi": 2428.701357869837,
    "top1_product_share_pct": 35.660452447729924,
    "top3_product_share_pct": 77.88876035775382,
    "top_product_hs6": "300490",
    "top_product_trade_usd": 628825.652055792,
    "top_product_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 8352.5283203125,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.09600000083446503,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 8.449328033131312,
    "avg_mfn_tariff_pct": 8.449328033131312,
    "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": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 14637.400396,
    "buyer_gdp_pc_2024": 515,
    "buyer_population_2024": 28427.334
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 7370698.566489717,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 3260084.550946264,
      "yoy_growth_pct": -55.76966658536311,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 2924083.055540977,
      "yoy_growth_pct": -10.3065270288085,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 3076155.9351768624,
      "yoy_growth_pct": 5.200703151974961,
      "cagr_3y_pct": -25.26915400711217
    },
    {
      "year": 1999,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 3488855.133445518,
      "yoy_growth_pct": 13.416068852339503,
      "cagr_3y_pct": 2.286430756590052
    },
    {
      "year": 2000,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 2030433.763942557,
      "yoy_growth_pct": -41.8022908295036,
      "cagr_3y_pct": -11.447728188939754
    },
    {
      "year": 2001,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 3107026.8544985037,
      "yoy_growth_pct": 53.02281264597828,
      "cagr_3y_pct": 0.33340553392204875
    },
    {
      "year": 2002,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 1320318.6876080101,
      "yoy_growth_pct": -57.50539826534202,
      "cagr_3y_pct": -27.667755024198428
    },
    {
      "year": 2003,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 2528686.4455475947,
      "yoy_growth_pct": 91.52091606979793,
      "cagr_3y_pct": 7.58920984506668
    },
    {
      "year": 2004,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 3122430.6281586504,
      "yoy_growth_pct": 23.480340303025528,
      "cagr_3y_pct": 0.16498503112756246
    },
    {
      "year": 2005,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 6519132.035454015,
      "yoy_growth_pct": 108.78388703541692,
      "cagr_3y_pct": 70.2826246764068
    },
    {
      "year": 2006,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4674083.144176351,
      "yoy_growth_pct": -28.302063545322387,
      "cagr_3y_pct": 22.725219527252083
    },
    {
      "year": 2007,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4514774.392947431,
      "yoy_growth_pct": -3.4083422633893523,
      "cagr_3y_pct": 13.078772363481761
    },
    {
      "year": 2008,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 8459446.492943816,
      "yoy_growth_pct": 87.37251868351146,
      "cagr_3y_pct": 9.073033117952711
    },
    {
      "year": 2009,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4962675.06543581,
      "yoy_growth_pct": -41.33570004166028,
      "cagr_3y_pct": 2.0171380025761465
    },
    {
      "year": 2010,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 7285251.398356867,
      "yoy_growth_pct": 46.80089472505278,
      "cagr_3y_pct": 17.292298405096496
    },
    {
      "year": 2011,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4910261.781022532,
      "yoy_growth_pct": -32.599967900489965,
      "cagr_3y_pct": -16.583064159923232
    },
    {
      "year": 2012,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4418248.419112379,
      "yoy_growth_pct": -10.020104504646078,
      "cagr_3y_pct": -3.799329991355971
    },
    {
      "year": 2013,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 5271790.807751031,
      "yoy_growth_pct": 19.318569434584386,
      "cagr_3y_pct": -10.22173494106866
    },
    {
      "year": 2014,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 5618109.265403074,
      "yoy_growth_pct": 6.569275418570419,
      "cagr_3y_pct": 4.591207848792389
    },
    {
      "year": 2015,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 4445501.944266034,
      "yoy_growth_pct": -20.871920885520733,
      "cagr_3y_pct": 0.20519201981521462
    },
    {
      "year": 2016,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 5065260.066811327,
      "yoy_growth_pct": 13.941240613890148,
      "cagr_3y_pct": -1.323320569500308
    },
    {
      "year": 2017,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 6717805.773937659,
      "yoy_growth_pct": 32.62509101860667,
      "cagr_3y_pct": 6.1400009760606
    },
    {
      "year": 2018,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 7451918.152298806,
      "yoy_growth_pct": 10.927859528318052,
      "cagr_3y_pct": 18.790695180276295
    },
    {
      "year": 2019,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 5957487.162881415,
      "yoy_growth_pct": -20.054312981904953,
      "cagr_3y_pct": 5.557020294939918
    },
    {
      "year": 2020,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 6758892.7026935695,
      "yoy_growth_pct": 13.452073297033241,
      "cagr_3y_pct": 0.203456551920711
    },
    {
      "year": 2021,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 8302933.44868332,
      "yoy_growth_pct": 22.84458141160335,
      "cagr_3y_pct": 3.670333006344406
    },
    {
      "year": 2022,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 10796626.654501295,
      "yoy_growth_pct": 30.03388165436187,
      "cagr_3y_pct": 21.920009976224343
    },
    {
      "year": 2023,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 13860646.841752576,
      "yoy_growth_pct": 28.37942151101278,
      "cagr_3y_pct": 27.048433726936572
    },
    {
      "year": 2024,
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "export_value_usd": 5303721.39255498,
      "yoy_growth_pct": -61.735397683039416,
      "cagr_3y_pct": -13.877548867429557
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 83207594.35258786,
      "current_below_peak_pct": 61.469761962048075,
      "lane_volatility_cv": 0.9004598014124772,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "210690",
      "hs_description": "Food preparations: n.e.s. in item no. 2106.10",
      "buyer_imports_latest_usd": 22593766.500091463,
      "current_below_peak_pct": 26.443325062450096,
      "lane_volatility_cv": 1.4680686765812592,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "600622",
      "hs_description": "Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed",
      "buyer_imports_latest_usd": 57319020.68669027,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3035337584192754,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "842860",
      "hs_description": "Lifting machinery: teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars",
      "buyer_imports_latest_usd": 44165489.23790229,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "871120",
      "hs_description": "Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars",
      "buyer_imports_latest_usd": 21494261.539278444,
      "current_below_peak_pct": 60.32481990480684,
      "lane_volatility_cv": 3.2405389015593107,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "300420",
      "hs_description": "Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 12541512.574091418,
      "current_below_peak_pct": 65.45725265218863,
      "lane_volatility_cv": 0.9277857454785616,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "848180",
      "hs_description": "Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves",
      "buyer_imports_latest_usd": 13498564.741736589,
      "current_below_peak_pct": 84.82551009512464,
      "lane_volatility_cv": 1.2394749621299301,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "841391",
      "hs_description": "Pumps: parts thereof",
      "buyer_imports_latest_usd": 12099892.370794907,
      "current_below_peak_pct": 74.680755761295,
      "lane_volatility_cv": 1.0895425324582215,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "870323",
      "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc",
      "buyer_imports_latest_usd": 10334219.965382019,
      "current_below_peak_pct": 85.41096005903402,
      "lane_volatility_cv": 0.6052121242212181,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "CHE",
      "importer_iso3": "MDG",
      "hs_code": "392690",
      "hs_description": "Plastics: other articles n.e.s. in chapter 39",
      "buyer_imports_latest_usd": 10951537.919835575,
      "current_below_peak_pct": 62.89963311307274,
      "lane_volatility_cv": 0.9534522720853907,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "CHE",
    "importer_iso3": "MDG",
    "distance_km": 8313,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "shares_ethnic_language": 1,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "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": 812866.9288669999,
    "exporter_gdp_per_capita_usd": 93457.44039756153,
    "avg_applied_tariff_pct": 8.449328033131312,
    "avg_mfn_tariff_pct": 8.449328033131312,
    "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/CHE-MDG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/CHE-MDG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/CHE-MDG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/CHE-MDG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/CHE-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"
  }
}