Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Madagascar | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESMadagascarWorldExportsValue (US$)1,224,513,561.001,626,888,977.002,243,189,647.002,164,461,193.002,260,326,098.082,851,663,745.813,125,038,219.942,692,040,605.602,018,921,552.912,788,376,340.523,521,118,471.353,282,849,543.54
Value Growth, YoY (%)-2.7932.8637.88-3.504.4226.169.58-13.85-25.0038.1126.27-6.76
ImportsValue (US$)2,658,986,872.002,699,414,641.003,354,796,022.002,960,905,154.002,960,959,745.093,658,005,536.114,015,194,598.303,905,854,367.163,219,636,802.034,408,165,392.215,469,476,795.914,816,555,845.01
Value Growth, YoY (%)-2.611.5224.27-11.740.0023.549.76-2.72-17.5636.9124.07-11.93

The value of merchandise exports from Madagascar totalled $ 3.28 billion in 2023. Overall commodity exports from Madagascar decreased by 6.76% compared to 2022. Merchandise exports decreased by $ 238 million (the value of merchandise exports from Madagascar amounted to $3.52 billion in 2022)

Madagascar's exports 2023 by country

Top export destinations of commodities from Madagascar in 2023:

  • France with a share of 14.4% (475 million US$)
  • USA with a share of 12.5% (412 million US$)
  • Japan with a share of 8.24% (270 million US$)
  • Korea with a share of 8.24% (270 million US$)
  • China with a share of 8.14% (267 million US$)
  • Netherlands with a share of 6.31% (207 million US$)
  • Turkey with a share of 4.13% (135 million US$)
  • India with a share of 4.05% (132 million US$)
  • Canada with a share of 3.4% (111 million US$)
  • Indonesia with a share of 3.09% (101 million US$)

Exports structure from Madagascar in 2023 represented by the following main commodity groups:

  • 25% (832 million US$): 75 - Nickel and articles thereof
  • 16.3% (538 million US$): 09 - Coffee, tea, matT and spices
  • 7.77% (255 million US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 7.7% (252 million US$): 26 - Ores, slag and ash
  • 7.53% (247 million US$): 62 - Articles of apparel and clothing accessories, not knitted or crocheted
  • 7.01% (230 million US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 4.09% (134 million US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 3.4% (111 million US$): 81 - Other base metals; cermets; articles thereof
  • 2.3% (75 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 2.25% (74 million US$): 25 - Salt; sulfur; earths and stone; plastering materials, lime and cement

What did Madagascar export in 2023?

Madagascar's Top Exports in 2023:

  • 25% ($823 million): 7502 - Unwrought nickel
  • 8.27% ($271 million): 0905 - Vanilla
  • 7.56% ($248 million): 0907 - Cloves (whole fruit, cloves and stems)
  • 5.23% ($172 million): 2614 - Titanium ores and concentrates
  • 3.78% ($124 million): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 3.44% ($112 million): 0306 - Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine
  • 3.4% ($111 million): 8105 - Cobalt mattes and other intermediate products of cobalt metallurgy; cobalt and articles thereof, including waste and scrap
  • 3.32% ($109 million): 6203 - Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
  • 3.18% ($104 million): 7103 - Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport
  • 3% ($98 million): 6110 - Jerseys, pullovers, cardigans, waist-coats and similar articles, knitted or crocheted

The value of merchandise imports to Madagascar totalled $ 4.81 billion in 2023. Overall commodity imports to Madagascar decreased by 11.9% compared to 2022. Merchandise imports decreased by $ 652 million (the value of merchandise imports to Madagascar was equal to $5.46 billion in 2022)

Madagascar's imports 2023 by country

Top trading partners (import sources) of Madagascar in 2023:

  • China with a share of 16.9% (818 million US$)
  • Oman with a share of 13.4% (648 million US$)
  • France with a share of 11.2% (540 million US$)
  • India with a share of 8.73% (420 million US$)
  • South Africa with a share of 5.54% (267 million US$)
  • United Arab Emirates with a share of 5% (241 million US$)
  • Belgium with a share of 3.95% (190 million US$)
  • Mauritius with a share of 3.91% (188 million US$)
  • Malaysia with a share of 3.05% (146 million US$)
  • Egypt with a share of 2.43% (117 million US$)

Imports structure to Madagascar in 2023 represented by the following main commodity groups:

  • 20% (995 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.26% (398 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.63% (271 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 5.54% (266 million US$): 10 - Cereals
  • 4.75% (229 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.13% (198 million US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 3.58% (172 million US$): 30 - Pharmaceutical products
  • 3.25% (156 million US$): 25 - Salt; sulfur; earths and stone; plastering materials, lime and cement
  • 2.97% (143 million US$): 39 - Plastics and articles thereof
  • 2.92% (141 million US$): 73 - Articles of iron or steel

What did Madagascar import in 2023?

Madagascar's Top Imports in 2023:

  • 18.7% ($901 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 3.97% ($191 million): 1006 - Rice
  • 2.42% ($116 million): 6006 - Other knitted or crocheted fabrics
  • 2.41% ($116 million): 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified
  • 2.3% ($110 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.8% ($87 million): 1701 - Cane or beet sugar and chemically pure sucrose, in solid form
  • 1.64% ($79 million): 8704 - Motor vehicles for the transport of goods
  • 1.6% ($77 million): 2523 - Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers
  • 1.56% ($75 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 1.47% ($70 million): 6309 - Worn clothing and other worn articles

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Madagascar | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023