The value of exports of commodity group 0905 "Vanilla" from Madagascar totalled $ 271 million in 2023. Sales of commodity group 0905 from Madagascar decreased by 49% in value terms compared to 2022. exports of commodity group 0905 "Vanilla" decreased by $ 261 million (cumulative exports of commodity group 0905 from Madagascar amounted $533 million in 2022)
Exports of commodity group 0905 "Vanilla" amounted to 8.27% of total exports from Madagascar (cumulative merchandise exports from Madagascar totalled $ 3.28 billion in 2023). The share of commodity group 0905 in total exports from Madagascar decreased by 6.87 p.p. compared to 2022 (it was 15.1% in 2022 and cumulative exports from Madagascar were equal to $ 3.52 billion).
Exports of commodity group 0905 amounted to 50% of total sales of group "" from Madagascar in 2023 (the value of exports of commodity group from Madagascar amounted to $538 million in 2023). The share of exports of commodity group 0905 in sales of commodity group from Madagascar lowered by 14.2 p.p. compared to 2022 (it was 64% in 2022, and exports of commodity group from Madagascar were $823 million).
Top export destinations of "Vanilla" from Madagascar in 2023:
The value of imports of commodity group 0905 "Vanilla" to Madagascar totalled $ 2.01 million in 2023. Sales of commodity group 0905 to Madagascar went up by 1.3 thousand% compared to 2022: imports of commodity group 0905 "Vanilla" went up by $ 1.87 million (the value of imports of commodity group 0905 to Madagascar was equal to $143 thousand in 2022)
Imports of commodity group 0905 "Vanilla" accounted for 0.041% of total import flow to Madagascar (in 2023, total imports to Madagascar amounted to $ 4.81 billion). The share of commodity group 0905 in total imports to Madagascar increased by 0.039 p.p. compared to 2022 (it was 0.002% in 2022 and cumulative imports to Madagascar were equal to $ 5.46 billion).
Imports of commodity group 0905 reached 37% of total imports of group "" to Madagascar in 2023 (imports of commodity group to Madagascar totalled $5.33 million in 2023). The share of purchases of commodity group 0905 in total imports of commodity group to Madagascar increased by 33 p.p. compared to 2022 (it was 4.12% in 2022, and imports of commodity group to Madagascar accounted for $3.48 million).
Top trading partners (import of "Vanilla") of Madagascar in 2023: