Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
0905. Vanilla | European Union | Madagascar | Imports | Value (US$) | 30,990,526.00 | 57,361,641.59 | 70,548,598.74 | 112,419,019.72 | 232,591,554.30 | 362,556,025.36 | 425,064,247.79 | 274,808,336.05 | 205,465,290.53 | 261,158,260.75 | 284,071,716.84 | 174,111,339.06 |
Value Growth, YoY (%) | 8.55 | 85.09 | 22.98 | 59.34 | 106.89 | 55.87 | 17.24 | -35.34 | -25.23 | 27.10 | 8.77 | -38.70 |
The value of imports of commodity group 0905 "Vanilla" to European Union from Madagascar totalled $ 174 million in 2023. Sales of commodity group 0905 to European Union from Madagascar declined by 38% compared to 2022.imports of commodity group 0905 "Vanilla" decreased by $ 109 million (the value of sales of commodity group 0905 to European Union from Madagascar was equal to $284 million in 2022)
Imports of commodity group 0905 amounted to 15% of total merchandise imports to European Union from Madagascar (in 2023, total imports to European Union from Madagascar were $ 1.15 billion). The share of commodity group 0905 in total imports to European Union from Madagascar decreased by 8.03 p.p. compared to 2022 (it was 23% in 2022 and cumulative imports to European Union from Madagascar were equal to $ 1.22 billion).
Imports of commodity group 0905 accounted for 90% of total imports of group "" to European Union from Madagascar in 2023 (in 2023, the value of imports of commodity group to European Union from Madagascar was $192 million). The share of purchases of commodity group 0905 in total imports of commodity group to European Union from Madagascar went down by 2.29 p.p. compared to 2022 (it was 92% in 2022, and imports of commodity group to European Union from Madagascar accounted for $306 million).
The share of Madagascar in total imports of commodity group 0905 "Vanilla" to European Union amounted to 84 percent (174 million USD) in 2023 of 205 million USD - the value of total merchandise imports of commodity group 0905 to European Union in 2023. The share of Madagascar in imports of commodity group 0905 "Vanilla" to European Union went down by -2.93 p.p. in value compared to 2022 (it was 87 percent in 2022, and total imports of commodity group 0905 to European Union were equal to 323 million USD).