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Trade · Madagascar

What Madagascar sells and buys, and with whom

Madagascar exported US$3.6bn of goods in 2024 and imported US$5.0bn, a deficit of US$1.5bn. 7% of its exports went to other SADC countries, which supplied 9% of its imports.

Exports, 2024US$3.6bnup 92% on 2012
Imports, 2024US$5.0bnDeficit US$1.5bn
Exports to SADCUS$258m7% of exports; US$85m more to the rest of Africa
Exports sold raw39%27% processed materials, 33% manufactured

Madagascar's trade since 2012


Exports and imports of goods, and exports to other SADC countries, US dollars

0$2bn$4bn$6bn2012201420162018202020222024ExportsUS$3.6bnImportsUS$5.0bnExports to SADCUS$258m
Source: CEPII BACI·dotzedw Insights Centre

Who buys from Madagascar


Exports by destination, 2024. United States takes 19%.

United StatesUS$671m18.8%
FranceUS$592m16.6%
ChinaUS$282m7.9%
IndiaUS$216m6.1%
JapanUS$189m5.3%
South AfricaUS$170m4.8%
GermanyUS$143m4.0%
South KoreaUS$132m3.7%
NetherlandsUS$118m3.3%
CanadaUS$109m3.0%
IndonesiaUS$94m2.6%
United KingdomUS$65m1.8%

Brown bars are SADC members.

Source: CEPII BACI· Get the data (Professional)·dotzedw Insights Centre

What Madagascar sells, and to whom


Exports by product group and partner, 2024

Ores and mineralsGold, diamonds and PGMsFuels and electricityMetalsFood and farm goodsChemicals, plastics and rubberMachinery and vehiclesTextiles, clothing and leatherOther goods
Ores and mineralsUS$356m · 10%Gold, diamonds and PGMsFuels and electricityMetalsUS$581m · 16%Food and farm goodsUS$1.1bn · 30%Chemicals, plastics and rubberMachinery and vehiclesTextiles, clothing and leatherUS$995m · 28%Other goodsSADCRest of AfricaChinaUS$282m · 8%European UnionUS$1.1bn · 30%United KingdomUnited StatesUS$653m · 18%IndiaUnited Arab EmiratesSwitzerlandRest of the worldUS$789m · 22%

Hover over a band or a name to follow it. Flows under 0.4% of the total (US$152m in all) are not drawn.

Source: CEPII BACI·dotzedw Insights Centre

Madagascar's main exports


Top products (four-digit HS headings), 2024, with the value five years before

Ores and mineralsGold, diamonds and PGMsMetalsFood and farm goodsChemicals, plastics and rubberTextiles, clothing and leatherOther goods
Unwrought nickel (7502)US$481m13.5% · 2019: US$486m
Vanilla (0905)US$291m8.2% · 2019: US$764m
Cloves (0907)US$230m6.5% · 2019: US$81m
Precious and semi-precious stones (7103)US$180m5.0% · 2019: US$266m
Men's suits and trousers (6203)US$174m4.9% · 2019: US$105m
Titanium ores (2614)US$171m4.8% · 2019: US$89m
Jerseys and pullovers (6110)US$154m4.3% · 2019: US$192m
T-shirts (6109)US$105m2.9% · 2019: US$66m
Crustaceans (0306)US$96m2.7% · 2019: US$104m
Essential oils, including concretes and absolutes (3301)US$93m2.6% · 2019: US$66m
Women's suits and dresses (6204)US$90m2.5% · 2019: US$83m
Cobalt (intermediates and unwrought) (8105)US$85m2.4% · 2019: US$136m
Cocoa beans, whole or broken, raw or roasted (1801)US$77m2.2% · 2019: US$31m
Men's shirts (6205)US$76m2.1% · 2019: US$77m
Men's or boys' shirts, knitted or crocheted (6105)US$66m1.9% · 2019: US$41m
Source: CEPII BACI·dotzedw Insights Centre

Trade with each SADC neighbour

2024, with the main products each way
NeighbourMadagascar soldMadagascar boughtBalanceMostly

How processed Madagascar's trade is


Exports and imports by stage of processing, 2024

RawProcessed materialsManufactured goods
Exports39%27%33%US$3.6bn
Imports56%38%US$5.0bn

Raw: unprocessed farm goods, ores, minerals, crude oil, coal and gas. Processed materials: refined metals and fuels, chemicals, processed farm goods for industry. Refined gold counts here. Manufactured goods: machinery, vehicles, parts, consumer goods and packaged food.

Source: UN Broad Economic Categories applied to CEPII BACI·dotzedw Insights Centre

Analysis: Madagascar's value-addition balance and openings

For members: where Madagascar earns and spends at each stage of processing, with SADC and with the world; how much rides on a few products and buyers; what it is competitive in; which exports grew or shrank; where its exports meet preferential terms; and the products it could sell to neighbours, or buy from them instead of from outside the region.

The trade analysis for Madagascar is part of the Individual plan

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CEPII BACI, built from UN Comtrade with each flow reconciled between exporter and importer (Etalab Open Licence 2.0). Values in current US dollars; exports valued free on board. Figures can differ from national statistics, and include non-monetary gold. About the data