{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:06.133Z", "seo": { "title": "Madagascar exports to South Korea: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Madagascar to South Korea, 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": "MDG", "country_name": "Madagascar" }, "importer": { "iso3": "KOR", "country_name": "South Korea" }, "latestYear": 2024, "risk": { "exporter_iso3": "MDG", "importer_iso3": "KOR", "all_history_lane_count": 41, "current_lane_count": 19, "current_product_count": 19, "first_observed_last_year": 1996, "latest_data_year": 2024, "current_trade_usd": 151855107.82160854, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 2730518.9274827484, "unrecovered_drawdown_trade_usd": 685080.1501903589, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 2653303.870883677, "access_friction_trade_usd": 151855107.82160854, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 7, "unrecovered_drawdown_lane_count": 3, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 11, "access_friction_lane_count": 19, "trade_weighted_volatility_cv": 0.6451985970869177, "trade_weighted_below_peak_pct": 33.81564783590043, "product_concentration_hhi": 9506.398292768963, "top1_product_share_pct": 97.49629100012768, "top3_product_share_pct": 98.53037645051073, "top_product_hs6": "750210", "top_product_trade_usd": 148053097.82031313, "top_product_description": "Nickel: unwrought, not alloyed", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 10400.0546875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 13.261074066909092, "avg_mfn_tariff_pct": 14.600262464040407, "avg_preferential_tariff_pct": 6.970140837998384, "tariff_advantage_pp": 7.630121626042022, "buyer_biz_entry_days": 8, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 1798533.915091, "buyer_gdp_pc_latest": 34758, "buyer_population_latest": 51744.877, "buyer_gdp_5y_cagr_pct": 1.3815058218118237, "buyer_gdp_pc_5y_cagr_pct": 1.3868953035443221, "buyer_population_5y_cagr_pct": -0.00531575773807802, "buyer_investment_5y_avg_pct": 32.412, "buyer_savings_5y_avg_pct": 34.20399999999999, "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_product_mix", "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": 1798533.915091, "buyer_gdp_pc_2024": 34758, "buyer_population_2024": 51744.877 }, "history": [ { "year": 1995, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 238289.9536102142, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 458110.5364966981, "yoy_growth_pct": 92.24920293788725, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1048711.1868250717, "yoy_growth_pct": 128.9209924846665, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 375048.25852911326, "yoy_growth_pct": -64.23722153050014, "cagr_3y_pct": 16.321628455532668 }, { "year": 1999, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 116326.74976325766, "yoy_growth_pct": -68.98352488837706, "cagr_3y_pct": -36.67579137003948 }, { "year": 2000, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 275482.7214594417, "yoy_growth_pct": 136.81803370255787, "cagr_3y_pct": -35.95584676311143 }, { "year": 2001, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1112104.462344148, "yoy_growth_pct": 303.69299985584723, "cagr_3y_pct": 43.665606310543325 }, { "year": 2002, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 243578.7390678575, "yoy_growth_pct": -78.09749467649556, "cagr_3y_pct": 27.93418143128752 }, { "year": 2003, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 774910.680770438, "yoy_growth_pct": 218.13559908221677, "cagr_3y_pct": 41.162419693008246 }, { "year": 2004, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 704848.942630814, "yoy_growth_pct": -9.041266287614802, "cagr_3y_pct": -14.101913437824699 }, { "year": 2005, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 933785.8827908766, "yoy_growth_pct": 32.480284258576965, "cagr_3y_pct": 56.507795899650425 }, { "year": 2006, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1323567.203829366, "yoy_growth_pct": 41.74204474729479, "cagr_3y_pct": 19.5358342397147 }, { "year": 2007, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1366270.0691907033, "yoy_growth_pct": 3.2263465910751465, "cagr_3y_pct": 24.684796441242263 }, { "year": 2008, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1041532.2841732316, "yoy_growth_pct": -23.76819871416981, "cagr_3y_pct": 3.7070969815139465 }, { "year": 2009, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 977780.5702099134, "yoy_growth_pct": -6.120954187601035, "cagr_3y_pct": -9.600685920676376 }, { "year": 2010, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 976656.8959391246, "yoy_growth_pct": -0.11492090403755206, "cagr_3y_pct": -10.586762100602598 }, { "year": 2011, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 1288963.7688269778, "yoy_growth_pct": 31.977132827956755, "cagr_3y_pct": 7.363334470224991 }, { "year": 2012, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 8013331.6194783095, "yoy_growth_pct": 521.6878870668993, "cagr_3y_pct": 101.61549398919018 }, { "year": 2013, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 72587794.96504098, "yoy_growth_pct": 805.8379012868888, "cagr_3y_pct": 320.4430658897615 }, { "year": 2014, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 134659675.1863814, "yoy_growth_pct": 85.51283346082474, "cagr_3y_pct": 370.97618862154854 }, { "year": 2015, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 99376001.37213744, "yoy_growth_pct": -26.202108214956034, "cagr_3y_pct": 131.46720493771812 }, { "year": 2016, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 83852963.18459892, "yoy_growth_pct": -15.620509955324879, "cagr_3y_pct": 4.9264396785930975 }, { "year": 2017, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 78400864.8472612, "yoy_growth_pct": -6.501974563898405, "cagr_3y_pct": -16.498470547334076 }, { "year": 2018, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 86322883.25555246, "yoy_growth_pct": 10.104503851742885, "cagr_3y_pct": -4.5854060129793766 }, { "year": 2019, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 119183689.05269079, "yoy_growth_pct": 38.067317213972544, "cagr_3y_pct": 12.434468146317478 }, { "year": 2020, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 44153706.60019257, "yoy_growth_pct": -62.9532304704276, "cagr_3y_pct": -17.418625958940193 }, { "year": 2021, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 14445596.258264693, "yoy_growth_pct": -67.28338939000493, "cagr_3y_pct": -44.89345560383463 }, { "year": 2022, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 137173943.1752693, "yoy_growth_pct": 849.5900392258894, "cagr_3y_pct": 4.7976634244218275 }, { "year": 2023, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 247297729.38079613, "yoy_growth_pct": 80.28039703197854, "cagr_3y_pct": 77.58965101120441 }, { "year": 2024, "exporter_iso3": "MDG", "importer_iso3": "KOR", "export_value_usd": 156478212.2998642, "yoy_growth_pct": -36.724767877300415, "cagr_3y_pct": 121.26164374695256 } ], "riskLanes": [ { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "750210", "hs_description": "Nickel: unwrought, not alloyed", "buyer_imports_latest_usd": 807969974.1724483, "current_below_peak_pct": 33.999096650055534, "lane_volatility_cv": 0.6265926612473895, "attention_level": "Watch", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [ "long_distance_without_fta" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "121190", "hs_description": "Plants 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 powdered", "buyer_imports_latest_usd": 136199041.62128976, "current_below_peak_pct": 35.27308596950897, "lane_volatility_cv": 1.1479490084995623, "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" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "030752", "hs_description": "Molluscs: octopus (Octopus spp.), frozen", "buyer_imports_latest_usd": 369604766.6800328, "current_below_peak_pct": 68.82964408844484, "lane_volatility_cv": 1.8539045312292985, "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": "MDG", "importer_iso3": "KOR", "hs_code": "460219", "hs_description": "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", "buyer_imports_latest_usd": 14411459.074053146, "current_below_peak_pct": 0, "lane_volatility_cv": 1.985016913394438, "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" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "611011", "hs_description": "Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of wool or fine animal hair", "buyer_imports_latest_usd": 194485955.48172805, "current_below_peak_pct": 37.698491969990904, "lane_volatility_cv": 1.5043204816896267, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "long_distance_without_fta" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "620520", "hs_description": "Shirts: men's or boys', of cotton (not knitted or crocheted)", "buyer_imports_latest_usd": 118038371.7118549, "current_below_peak_pct": 1.725164879903381, "lane_volatility_cv": 0.9744925976402599, "attention_level": "Watch", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [ "long_distance_without_fta" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "620630", "hs_description": "Blouses, shirts and shirt-blouses: women's or girls', of cotton (not knitted or crocheted)", "buyer_imports_latest_usd": 97420052.68688239, "current_below_peak_pct": 0, "lane_volatility_cv": 0.647357517412269, "attention_level": "Watch", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [ "long_distance_without_fta" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "620442", "hs_description": "Dresses: women's or girls', of cotton (not knitted or crocheted)", "buyer_imports_latest_usd": 81060712.80119152, "current_below_peak_pct": 20.297689914006508, "lane_volatility_cv": 0.9421004116024676, "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" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "060290", "hs_description": "Plants, live: n.e.s. in heading no. 0602", "buyer_imports_latest_usd": 70624311.00580744, "current_below_peak_pct": 0, "lane_volatility_cv": 0.8852959363280634, "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" ] }, { "exporter_iso3": "MDG", "importer_iso3": "KOR", "hs_code": "611019", "hs_description": "Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of fine animal hair other than that of kashmir (cashmere) goats", "buyer_imports_latest_usd": 13869738.984464955, "current_below_peak_pct": 0, "lane_volatility_cv": 1.8367349464008897, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "long_distance_without_fta" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "MDG", "importer_iso3": "KOR", "distance_km": 10384, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "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": 1798533.9150910003, "importer_gdp_per_capita_usd": 34757.71939879189, "importer_population": 51744.877, "importer_biz_entry_days": 8, "importer_biz_entry_cost_pct": 14.6, "exporter_gdp_million_usd": 14637.400396000001, "exporter_gdp_per_capita_usd": 514.9058436503402, "avg_applied_tariff_pct": 13.261074066909092, "avg_mfn_tariff_pct": 14.600262464040407, "avg_preferential_tariff_pct": 6.970140837998384, "tariff_advantage_pp": 7.630121626042022 }, "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/MDG-KOR/risk", "html": "https://www.yugalinks.com/trade/corridor/MDG-KOR/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/MDG-KOR/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/MDG-KOR/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/MDG-KOR/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" } }