Madagascar vs Panama: Merchandise exports by the reporting economy

Madagascar
3.09 billion current US$
in 2023
Panama
3.29 billion current US$
in 2023
Madagascar rank
134th
Panama rank
132nd

Merchandise exports by the reporting economy over time

  • Madagascar
  • Panama
01.0B2.0B3.0B4.0B196019912023

How they compare

Panama currently reports 3.29 billion current US$ against 3.09 billion current US$ in Madagascar, a difference of 197.87 million current US$.

That makes Panama's figure about 1.1 times Madagascar's.

The two have swapped places 15 times across 64 shared years of data; in 1960 it was Madagascar ahead.

Madagascar ranks 134th and Panama ranks 132nd of 206 countries.

Across the 7 decades both report, Madagascar averaged higher in 5 and Panama in 2.

Head to head by decade

Decade Madagascar Panama Difference Ahead
1960s 79.88 million current US$ 57.16 million current US$ 22.71 million current US$ Madagascar
1970s 214.07 million current US$ 174.20 million current US$ 39.88 million current US$ Madagascar
1980s 275.50 million current US$ 271.99 million current US$ 3.50 million current US$ Madagascar
1990s 254.01 million current US$ 891.19 million current US$ 637.18 million current US$ Panama
2000s 936.18 million current US$ 855.42 million current US$ 80.76 million current US$ Madagascar
2010s 1.99 billion current US$ 700.06 million current US$ 1.29 billion current US$ Madagascar
2020s 2.82 billion current US$ 3.07 billion current US$ 245.00 million current US$ Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise exports by the reporting economy, Madagascar or Panama?
Panama, at 3.29 billion current US$ against 3.09 billion current US$ in Madagascar as of 2023.
What is the difference in merchandise exports by the reporting economy between Madagascar and Panama?
197.87 million current US$, with Panama ahead.
How many years of comparable data are there for Madagascar and Panama?
64 years are reported by both, from 1960 to 2023.
How do Madagascar and Panama rank globally for merchandise exports by the reporting economy?
Madagascar ranks 134th and Panama ranks 132nd of 206 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise exports by the reporting economy (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Madagascar vs Panama: Merchandise exports by the reporting economy. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 26 August 2026, from https://private-sector.statizoid.com/compare/merchandise-exports-by-the-reporting-economy-current-us/madagascar/panama/

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About this data

Indicator
Merchandise exports by the reporting economy (current US$)
Unit
current US$
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
253 places, 13,488 data points, 1960–2023
Last refreshed

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.