Trade route overview

Madagascar exports to South Korea
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

MDG-KOR2024 reported exports19 product typesStable review level
Latest reported exports$151.9M2024 route total
Highest-priority products0Need the closest review
Products needing review0High-attention product types
Exports needing review0%Share of route exports
Overall review levelStableBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Madagascar reported $151.9M in goods exports to South Korea. 0 product types are marked for closer review, covering 0% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from Madagascar to South Korea in the latest available year.

$151.9M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

0% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

19 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from Madagascar to South Korea. Bar lengths are relative to the highest year shown.

Latest annual total$156.5M2024 annual history
Highest year$247.3M2023 annual history
Latest below highest36.7%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$2.7M
Still below the previous high
$685.1K
Buyer demand is falling
$0.0
Product mix is concentrated
$2.7M
Tariffs and access rules
$151.9M
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility0.6Higher means bigger yearly swings
Below highest year33.8%Compared with the route's best year
Product concentration (HHI)9,506.40-10,000 scale; higher means fewer products dominate
Largest product share97.5%Share from the biggest product

Largest product

Nickel: unwrought, not alloyed

Product code HS6 750210 makes up 97.5% of exports from Madagascar to South Korea. The main reason to review it is: No main reason was reported.

See product rows
Exports of this product$148.1M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for Madagascar exports to South Korea
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Nickel: unwrought, not alloyedHS6 750210 - six-digit product code$808.0M34%0.6Watch
2Plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powderedHS6 121190 - six-digit product code$136.2M35.3%1.1Watch
3Molluscs: octopus (Octopus spp.), frozenHS6 030752 - six-digit product code$369.6M68.8%1.9Watch
4Basketwork, 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 loofahHS6 460219 - six-digit product code$14.4M0%2Watch
5Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of wool or fine animal hairHS6 611011 - six-digit product code$194.5M37.7%1.5Watch
6Shirts: men's or boys', of cotton (not knitted or crocheted)HS6 620520 - six-digit product code$118.0M1.7%1Watch
7Blouses, shirts and shirt-blouses: women's or girls', of cotton (not knitted or crocheted)HS6 620630 - six-digit product code$97.4M0%0.6Watch
8Dresses: women's or girls', of cotton (not knitted or crocheted)HS6 620442 - six-digit product code$81.1M20.3%0.9Watch
9Plants, live: n.e.s. in heading no. 0602HS6 060290 - six-digit product code$70.6M0%0.9Watch
10Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of fine animal hair other than that of kashmir (cashmere) goatsHS6 611019 - six-digit product code$13.9M0%1.8Watch

Buyer-market imports are total imports of that product into the buyer market, not only exports from Madagascar. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets10,400 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff13.3%Average tax applied to imports
Buyer economy size$1.8T2024 gross domestic product
Buyer GDP per person$34.8KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time8 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did Madagascar export to South Korea?

Madagascar reported $151.9M in goods exports to South Korea in 2024.

What does "exports needing review" mean?

0% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.