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Madagascar: Trade Statistics

Exporter Rank

109 / 138

Importer Rank

112 / 138

Trade Balance Rank

66 / 138

Total Trade [1]

Total Exports (2021) $2,788,376,340
Total Imports (2021) $4,408,165,392
Trade Balance (2021) ($1,619,789,052)
Exports of goods and services (% of GDP) (2022) [2] 31.08%
Imports of goods and services (% of GDP) (2022) [2] 40.14%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
France $536,405,299
United States $505,511,969
China $369,290,893
Japan $242,965,588
Netherlands $145,912,475
Canada $145,440,797
Germany $125,831,088
India $105,397,550
South Africa $90,382,747
Indonesia $41,229,601

Import Partners

Top 10 Import Countries

Country Import USD$
China $853,500,659
France $451,280,705
Oman $450,872,304
India $364,783,916
United Arab Emirates $259,681,169
Mauritius $243,820,054
South Africa $235,535,277
Malaysia $140,311,745
Belgium $126,193,394
Pakistan $121,597,236

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(09) Coffee & Spices $753,083,805
(75) Nickel $521,027,365
(62) Apparel: Non Knit $265,071,504
(61) Apparel: Knit $222,255,851
(26) Ores $182,652,721
(03) Seafood $112,157,456
(81) Other Base Metals $109,857,430
(33) Cosmetics $77,287,385
(07) Vegetables $50,835,502
(25) Natural Minerals & Stone $49,380,587

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $685,850,835
(10) Cereals $351,501,789
(84) Industrial Machinery $346,744,820
(85) Electrical Machinery $221,001,896
(87) Motor Vehicles & Parts $202,393,259
(15) Fats & Oils $200,634,968
(25) Natural Minerals & Stone $188,554,016
(30) Pharmaceuticals $162,554,727
(39) Plastics $149,204,594
(52) Cotton $142,815,485

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 9/11/2023
Madagascar