{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:09.097Z",
  "seo": {
    "title": "Mexico exports to Madagascar: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Mexico 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": "MEX",
    "country_name": "Mexico"
  },
  "importer": {
    "iso3": "MDG",
    "country_name": "Madagascar"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "MEX",
    "importer_iso3": "MDG",
    "all_history_lane_count": 14,
    "current_lane_count": 7,
    "current_product_count": 7,
    "first_observed_last_year": 2008,
    "latest_data_year": 2024,
    "current_trade_usd": 1479119.6078298267,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 202191.1529936318,
    "unrecovered_drawdown_trade_usd": 24118.18602178509,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 983656.927892098,
    "access_friction_trade_usd": 1479119.6078298267,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 3,
    "unrecovered_drawdown_lane_count": 1,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 3,
    "access_friction_lane_count": 7,
    "trade_weighted_volatility_cv": 0.9994831299968837,
    "trade_weighted_below_peak_pct": 3.9998486278690457,
    "product_concentration_hhi": 3732.592236450619,
    "top1_product_share_pct": 55.76738419777203,
    "top3_product_share_pct": 86.53942891968344,
    "top_product_hs6": "300490",
    "top_product_trade_usd": 824866.3144430383,
    "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": 16533.962890625,
    "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": 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": 14637.400396,
    "buyer_gdp_pc_2024": 515,
    "buyer_population_2024": 28427.334
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1529.5634043082457,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 74848.42073377185,
      "yoy_growth_pct": 4793.4500212903895,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 3313105.249960399,
      "yoy_growth_pct": 4326.419712641332,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 81135.24787404624,
      "yoy_growth_pct": -97.55108148541264,
      "cagr_3y_pct": 275.73417162821494
    },
    {
      "year": 1999,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 44491.38607945805,
      "yoy_growth_pct": -45.163924132546995,
      "cagr_3y_pct": -15.919020017139474
    },
    {
      "year": 2000,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 36112.50954816791,
      "yoy_growth_pct": -18.83258147167215,
      "cagr_3y_pct": -77.8278667982678
    },
    {
      "year": 2001,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 274198.57407247566,
      "yoy_growth_pct": 659.2897239853733,
      "cagr_3y_pct": 50.067002630181356
    },
    {
      "year": 2002,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 299690.04212427133,
      "yoy_growth_pct": 9.29671794903566,
      "cagr_3y_pct": 88.85658209918984
    },
    {
      "year": 2003,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 398589.36922410555,
      "yoy_growth_pct": 33.00053828909804,
      "cagr_3y_pct": 122.64999032255406
    },
    {
      "year": 2004,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 61255.48404199812,
      "yoy_growth_pct": -84.63193231639919,
      "cagr_3y_pct": -39.32265148565362
    },
    {
      "year": 2005,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 103027.084977044,
      "yoy_growth_pct": 68.19242650406017,
      "cagr_3y_pct": -29.94706001934857
    },
    {
      "year": 2006,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 95346.4858358265,
      "yoy_growth_pct": -7.454932014167781,
      "cagr_3y_pct": -37.92362807368972
    },
    {
      "year": 2007,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 185074.8314871225,
      "yoy_growth_pct": 94.10765888718313,
      "cagr_3y_pct": 44.56643191303464
    },
    {
      "year": 2008,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 891717.4686853616,
      "yoy_growth_pct": 381.8145511846149,
      "cagr_3y_pct": 105.31717848114388
    },
    {
      "year": 2009,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1331493.394864887,
      "yoy_growth_pct": 49.31785477163264,
      "cagr_3y_pct": 140.8119910373809
    },
    {
      "year": 2010,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 2067575.6658412672,
      "yoy_growth_pct": 55.28245756345444,
      "cagr_3y_pct": 123.54828881190384
    },
    {
      "year": 2011,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1019422.8780224717,
      "yoy_growth_pct": -50.69477287508688,
      "cagr_3y_pct": 4.562437915929474
    },
    {
      "year": 2012,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1291507.5208772458,
      "yoy_growth_pct": 26.690066381733345,
      "cagr_3y_pct": -1.0112194013097042
    },
    {
      "year": 2013,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 980187.2717548198,
      "yoy_growth_pct": -24.10518282626526,
      "cagr_3y_pct": -22.026107404944963
    },
    {
      "year": 2014,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1188061.9942523076,
      "yoy_growth_pct": 21.2076537298155,
      "cagr_3y_pct": 5.23533205822011
    },
    {
      "year": 2015,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1393085.5540037986,
      "yoy_growth_pct": 17.256974866915108,
      "cagr_3y_pct": 2.555813297182108
    },
    {
      "year": 2016,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1437748.878400761,
      "yoy_growth_pct": 3.20607189333042,
      "cagr_3y_pct": 13.62083927721509
    },
    {
      "year": 2017,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1416629.665427129,
      "yoy_growth_pct": -1.4689083254318613,
      "cagr_3y_pct": 6.040656948603651
    },
    {
      "year": 2018,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 1049112.6084577264,
      "yoy_growth_pct": -25.94305808629189,
      "cagr_3y_pct": -9.019544687074955
    },
    {
      "year": 2019,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 271062.1508972469,
      "yoy_growth_pct": -74.16272107379127,
      "cagr_3y_pct": -42.6594376867594
    },
    {
      "year": 2020,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 591753.3958720347,
      "yoy_growth_pct": 118.30911985065526,
      "cagr_3y_pct": -25.24708335168475
    },
    {
      "year": 2021,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 2416942.04147321,
      "yoy_growth_pct": 308.4373758280667,
      "cagr_3y_pct": 32.0732028534515
    },
    {
      "year": 2022,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 3922066.6290475572,
      "yoy_growth_pct": 62.27392141587813,
      "cagr_3y_pct": 143.6774618410679
    },
    {
      "year": 2023,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 2038190.5042300646,
      "yoy_growth_pct": -48.03274148544939,
      "cagr_3y_pct": 51.020071545782585
    },
    {
      "year": 2024,
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "export_value_usd": 3385480.7751842053,
      "yoy_growth_pct": 66.10227396104395,
      "cagr_3y_pct": 11.888307712169865
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "MEX",
      "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": 0,
      "lane_volatility_cv": 0.9089619909899659,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "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": 0,
      "lane_volatility_cv": 0.7770925947822163,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "hs_code": "851762",
      "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus",
      "buyer_imports_latest_usd": 22611105.404460113,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.962588355726184,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "MDG",
      "hs_code": "840999",
      "hs_description": "Engines: parts for internal combustion piston engines (excluding spark-ignition)",
      "buyer_imports_latest_usd": 17990837.617418345,
      "current_below_peak_pct": 34.69029034523942,
      "lane_volatility_cv": 0.9320771343203794,
      "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": "MEX",
      "importer_iso3": "MDG",
      "hs_code": "854449",
      "hs_description": "Insulated electric conductors: for a voltage not exceeding 80 volts, not fitted with connectors",
      "buyer_imports_latest_usd": 21141369.49616803,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6541249941866767,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "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": 74.79621302350097,
      "lane_volatility_cv": 1.0989925537418015,
      "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": "MEX",
      "importer_iso3": "MDG",
      "hs_code": "841391",
      "hs_description": "Pumps: parts thereof",
      "buyer_imports_latest_usd": 12099892.370794907,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.4893428042910356,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "MEX",
    "importer_iso3": "MDG",
    "distance_km": 16534,
    "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": 1293037.8663599999,
    "exporter_gdp_per_capita_usd": 9926.42261514624,
    "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/MEX-MDG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/MEX-MDG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/MEX-MDG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/MEX-MDG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/MEX-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"
  }
}