{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:59.612Z",
  "seo": {
    "title": "Vietnam exports to Madagascar: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Vietnam 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": "VNM",
    "country_name": "Vietnam"
  },
  "importer": {
    "iso3": "MDG",
    "country_name": "Madagascar"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "VNM",
    "importer_iso3": "MDG",
    "all_history_lane_count": 21,
    "current_lane_count": 14,
    "current_product_count": 14,
    "first_observed_last_year": 2001,
    "latest_data_year": 2024,
    "current_trade_usd": 11730969.881641729,
    "attention_trade_usd": 10042593.111864569,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 1219534.1768205748,
    "unrecovered_drawdown_trade_usd": 574295.8180785241,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 11153798.096751051,
    "access_friction_trade_usd": 11730969.881641729,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 9,
    "unrecovered_drawdown_lane_count": 5,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 9,
    "access_friction_lane_count": 14,
    "trade_weighted_volatility_cv": 0.8161309803441927,
    "trade_weighted_below_peak_pct": 4.162459302520415,
    "product_concentration_hhi": 7363.333555478366,
    "top1_product_share_pct": 85.60752617377895,
    "top3_product_share_pct": 92.37610141012908,
    "top_product_hs6": "252329",
    "top_product_trade_usd": 10042593.111864569,
    "top_product_description": "Cement: portland, other than white, whether or not artificially coloured",
    "top_attention_product_hs6": "252329",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 7754.97607421875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.0020000000949949026,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 8.745217898309178,
    "avg_mfn_tariff_pct": 8.745217898309178,
    "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": 85.60752617377895,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "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": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 30190.999191930594,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 592788.286795884,
      "yoy_growth_pct": 1863.4603115564441,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 563234.166211382,
      "yoy_growth_pct": -4.9856114303888805,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 1438943.1352671448,
      "yoy_growth_pct": 155.47866617294463,
      "cagr_3y_pct": 262.56736895655126
    },
    {
      "year": 1999,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 2142427.9264226733,
      "yoy_growth_pct": 48.888991782494884,
      "cagr_3y_pct": 53.46247650675235
    },
    {
      "year": 2000,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 176238.0798507998,
      "yoy_growth_pct": -91.77390857926903,
      "cagr_3y_pct": -32.11034730319279
    },
    {
      "year": 2001,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 2376847.1362806824,
      "yoy_growth_pct": 1248.6569635193946,
      "cagr_3y_pct": 18.209543441837205
    },
    {
      "year": 2002,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 451787.7326171057,
      "yoy_growth_pct": -80.99214182852043,
      "cagr_3y_pct": -40.478197948181204
    },
    {
      "year": 2003,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 557528.2479302887,
      "yoy_growth_pct": 23.404910686851043,
      "cagr_3y_pct": 46.79875578004364
    },
    {
      "year": 2004,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 2467610.52492011,
      "yoy_growth_pct": 342.5982959752474,
      "cagr_3y_pct": 1.257015072507417
    },
    {
      "year": 2005,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 3291980.2641681368,
      "yoy_growth_pct": 33.407611570902816,
      "cagr_3y_pct": 93.86865449374172
    },
    {
      "year": 2006,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 4018288.4953520624,
      "yoy_growth_pct": 22.06295824703126,
      "cagr_3y_pct": 93.16335763264954
    },
    {
      "year": 2007,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 11516872.152790666,
      "yoy_growth_pct": 186.6113810920292,
      "cagr_3y_pct": 67.11649199392396
    },
    {
      "year": 2008,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 10721150.568913553,
      "yoy_growth_pct": -6.909181358623496,
      "cagr_3y_pct": 48.227252076055734
    },
    {
      "year": 2009,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 5758630.144880565,
      "yoy_growth_pct": -46.287200166948814,
      "cagr_3y_pct": 12.74380578363392
    },
    {
      "year": 2010,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 4476018.11962475,
      "yoy_growth_pct": -22.272866862200903,
      "cagr_3y_pct": -27.023040778057585
    },
    {
      "year": 2011,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 3695051.5437933346,
      "yoy_growth_pct": -17.447797461036373,
      "cagr_3y_pct": -29.887890331640833
    },
    {
      "year": 2012,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 3285168.510316159,
      "yoy_growth_pct": -11.092755503388464,
      "cagr_3y_pct": -17.0634138320358
    },
    {
      "year": 2013,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 27639459.50767291,
      "yoy_growth_pct": 741.3406929014103,
      "cagr_3y_pct": 83.46190696028705
    },
    {
      "year": 2014,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 12764943.813958256,
      "yoy_growth_pct": -53.81623215021764,
      "cagr_3y_pct": 51.17018186202784
    },
    {
      "year": 2015,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 22163382.560814235,
      "yoy_growth_pct": 73.62694958812857,
      "cagr_3y_pct": 88.95546790938728
    },
    {
      "year": 2016,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 14112234.84637414,
      "yoy_growth_pct": -36.326349068552624,
      "cagr_3y_pct": -20.07387651654896
    },
    {
      "year": 2017,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 12306824.149017567,
      "yoy_growth_pct": -12.793230250277743,
      "cagr_3y_pct": -1.2108999374514484
    },
    {
      "year": 2018,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 9865816.349203158,
      "yoy_growth_pct": -19.83458746348683,
      "cagr_3y_pct": -23.64590604833904
    },
    {
      "year": 2019,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 9291538.262969371,
      "yoy_growth_pct": -5.820887658021023,
      "cagr_3y_pct": -13.004402580119345
    },
    {
      "year": 2020,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 8723051.693208715,
      "yoy_growth_pct": -6.118325660093449,
      "cagr_3y_pct": -10.839160211848231
    },
    {
      "year": 2021,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 15950064.235797882,
      "yoy_growth_pct": 82.84958976244195,
      "cagr_3y_pct": 17.36622513045718
    },
    {
      "year": 2022,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 14847773.775560806,
      "yoy_growth_pct": -6.910884144047058,
      "cagr_3y_pct": 16.91168164671195
    },
    {
      "year": 2023,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 16177191.732566414,
      "yoy_growth_pct": 8.953651753462255,
      "cagr_3y_pct": 22.860297390771645
    },
    {
      "year": 2024,
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "export_value_usd": 22373264.639323823,
      "yoy_growth_pct": 38.30128868587279,
      "cagr_3y_pct": 11.940946425478272
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "252329",
      "hs_description": "Cement: portland, other than white, whether or not artificially coloured",
      "buyer_imports_latest_usd": 51862635.74697784,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7138039783968684,
      "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"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "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": 1.7553634935567635,
      "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": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "390120",
      "hs_description": "Ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more",
      "buyer_imports_latest_usd": 11545856.983254133,
      "current_below_peak_pct": 53.235061012154446,
      "lane_volatility_cv": 0.4944527551921756,
      "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",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "390210",
      "hs_description": "Propylene, other olefin polymers: polypropylene in primary forms",
      "buyer_imports_latest_usd": 11539405.656688804,
      "current_below_peak_pct": 89.5170210617569,
      "lane_volatility_cv": 1.2082348948844694,
      "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": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "100630",
      "hs_description": "Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed",
      "buyer_imports_latest_usd": 119919556.35204978,
      "current_below_peak_pct": 99.36918144198721,
      "lane_volatility_cv": 3.399324234645642,
      "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": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "401120",
      "hs_description": "Rubber: new pneumatic tyres, of a kind used on buses or lorries",
      "buyer_imports_latest_usd": 19365968.350525387,
      "current_below_peak_pct": 22.796886704020142,
      "lane_volatility_cv": 0.6013712455919781,
      "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": "VNM",
      "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": 1.0202380284522192,
      "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": "VNM",
      "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": 0.9712908236294271,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "230990",
      "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding",
      "buyer_imports_latest_usd": 44492832.48158301,
      "current_below_peak_pct": 95.74293140029201,
      "lane_volatility_cv": 1.6952444722660762,
      "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": "VNM",
      "importer_iso3": "MDG",
      "hs_code": "600410",
      "hs_description": "Fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread",
      "buyer_imports_latest_usd": 18760447.35661918,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3782835657847146,
      "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"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "VNM",
    "importer_iso3": "MDG",
    "distance_km": 7270,
    "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": 362637.524071,
    "exporter_gdp_per_capita_usd": 3694.018970960344,
    "avg_applied_tariff_pct": 8.745217898309178,
    "avg_mfn_tariff_pct": 8.745217898309178,
    "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/VNM-MDG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/VNM-MDG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/VNM-MDG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/VNM-MDG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/VNM-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"
  }
}