Madagascar
Compare Madagascar →MG · MDG · BACI 450 · latest data 2024
Exports
$3.5B USD, nominal · 2024
= $3,495 M7.2% over 5 yrs (down)
Imports
$5.0B USD, nominal · 2024
= $5,002 M17.1% over 5 yrs (up)
Trade balancedeficit
−$1.5B USD, nominal · 2024
= −$1,507 M
Total trade
$8.5B USD, nominal · 2024
= $8,497 M5.7% over 5 yrs (up)
- World position
- #130 of 225 exporters · bottom half · #142 of 225 importers · bottom half · 2024
- World export share since 1995
- ±0.0 pp
Trade timeline
Madagascar's exports grew from $699M in 1995 to $3.5B in 2024; the 2024 balance was −$1.5B.
Loading trade timeline…
View timeline table
| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $699 M | $719 M | −$20 M | $1,418 M |
| 1996 | $721 M | $773 M | −$51 M | $1,494 M |
| 1997 | $729 M | $810 M | −$81 M | $1,539 M |
| 1998 | $781 M | $794 M | −$13 M | $1,575 M |
| 1999 | $825 M | $858 M | −$32 M | $1,683 M |
| 2000 | $1,117 M | $1,112 M | $5 M | $2,229 M |
| 2001 | $1,181 M | $1,088 M | $93 M | $2,269 M |
| 2002 | $910 M | $770 M | $140 M | $1,679 M |
| 2003 | $1,313 M | $1,479 M | −$166 M | $2,792 M |
| 2004 | $1,461 M | $1,913 M | −$452 M | $3,374 M |
| 2005 | $1,231 M | $1,858 M | −$627 M | $3,090 M |
| 2006 | $1,289 M | $1,843 M | −$553 M | $3,132 M |
| 2007 | $1,484 M | $2,695 M | −$1,212 M | $4,179 M |
| 2008 | $1,663 M | $4,007 M | −$2,344 M | $5,671 M |
| 2009 | $1,368 M | $3,306 M | −$1,938 M | $4,674 M |
| 2010 | $1,280 M | $2,707 M | −$1,427 M | $3,987 M |
| 2011 | $1,660 M | $2,956 M | −$1,296 M | $4,615 M |
| 2012 | $1,912 M | $2,615 M | −$703 M | $4,526 M |
| 2013 | $2,296 M | $2,906 M | −$611 M | $5,202 M |
| 2014 | $2,667 M | $3,396 M | −$729 M | $6,063 M |
| 2015 | $2,664 M | $3,028 M | −$364 M | $5,692 M |
| 2016 | $2,869 M | $3,084 M | −$215 M | $5,953 M |
| 2017 | $3,691 M | $3,816 M | −$124 M | $7,507 M |
| 2018 | $4,001 M | $4,347 M | −$345 M | $8,348 M |
| 2019 | $3,765 M | $4,272 M | −$507 M | $8,037 M |
| 2020 | $2,845 M | $3,454 M | −$610 M | $6,299 M |
| 2021 | $3,439 M | $4,614 M | −$1,176 M | $8,053 M |
| 2022 | $4,655 M | $5,824 M | −$1,170 M | $10,479 M |
| 2023 | $4,305 M | $5,144 M | −$840 M | $9,449 M |
| 2024 | $3,495 M | $5,002 M | −$1,507 M | $8,497 M |
30 rows
Trading partners
China was Madagascar's top trading partner in 2024, at 18.8% of total trade; the top five partners covered 52.4%.
- Top partner share
- 18.8%
- Top-5 share
- 52.4%
- Partners
- 180
- Partner HHI (0–1)
- 0.074
Loading world basemap…
United States $693M
France $604M
China $276M
India $215M
Japan $190M
South Africa $174M
Germany $148M
South Korea $130M
Indonesia $88M
Mauritius $34M
United Arab Emirates $32M
Malaysia $17M
Egypt $14M
Pakistan $6M
Oman $0M
View partner table
| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | China | $276 M | $1,320 M | $1,596 M | −$1,045 M |
| #2 | France | $604 M | $318 M | $922 M | $286 M |
| #3 | United States | $693 M | $95 M | $787 M | $598 M |
| #4 | Oman | $0 M | $653 M | $653 M | −$653 M |
| #5 | India | $215 M | $276 M | $490 M | −$61 M |
| #6 | South Africa | $174 M | $216 M | $390 M | −$42 M |
| #7 | Japan | $190 M | $62 M | $252 M | $128 M |
| #8 | Germany | $148 M | $98 M | $246 M | $50 M |
| #9 | United Arab Emirates | $32 M | $203 M | $235 M | −$171 M |
| #10 | Pakistan | $6 M | $216 M | $222 M | −$211 M |
| #11 | Mauritius | $34 M | $181 M | $215 M | −$147 M |
| #12 | South Korea | $130 M | $54 M | $185 M | $76 M |
| #13 | Malaysia | $17 M | $150 M | $168 M | −$133 M |
| #14 | Egypt | $14 M | $139 M | $152 M | −$125 M |
| #15 | Indonesia | $88 M | $64 M | $152 M | $24 M |
15 rows
Products & sectors
Product composition of Madagascar's trade in 2024.
Loading product detail for 2024 (large file, fetched on demand)…
View product table
The product table loads with the product data for 2024.
Concentration & risk
Madagascar's export partners diversified over 1995–2024 — HHI 0.200 → 0.092, a diversified export base across 155 partners in 2024.
Loading concentration trends…
View concentration table
| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.200 | 0.117 | 111 | 100 |
| 1996 | 0.217 | 0.117 | 111 | 105 |
| 1997 | 0.199 | 0.098 | 118 | 100 |
| 1998 | 0.241 | 0.086 | 123 | 117 |
| 1999 | 0.194 | 0.089 | 113 | 107 |
| 2000 | 0.201 | 0.070 | 145 | 141 |
| 2001 | 0.194 | 0.060 | 147 | 150 |
| 2002 | 0.220 | 0.062 | 142 | 133 |
| 2003 | 0.248 | 0.069 | 154 | 153 |
| 2004 | 0.225 | 0.067 | 149 | 166 |
| 2005 | 0.196 | 0.077 | 147 | 157 |
| 2006 | 0.201 | 0.083 | 154 | 166 |
| 2007 | 0.188 | 0.077 | 152 | 152 |
| 2008 | 0.184 | 0.073 | 156 | 161 |
| 2009 | 0.145 | 0.069 | 156 | 142 |
| 2010 | 0.132 | 0.060 | 157 | 138 |
| 2011 | 0.131 | 0.073 | 156 | 161 |
| 2012 | 0.089 | 0.073 | 156 | 158 |
| 2013 | 0.085 | 0.089 | 156 | 155 |
| 2014 | 0.075 | 0.083 | 159 | 159 |
| 2015 | 0.072 | 0.075 | 162 | 166 |
| 2016 | 0.085 | 0.084 | 166 | 163 |
| 2017 | 0.096 | 0.080 | 170 | 165 |
| 2018 | 0.103 | 0.079 | 168 | 141 |
| 2019 | 0.099 | 0.081 | 164 | 140 |
| 2020 | 0.105 | 0.087 | 162 | 142 |
| 2021 | 0.101 | 0.083 | 167 | 141 |
| 2022 | 0.097 | 0.083 | 162 | 145 |
| 2023 | 0.073 | 0.082 | 156 | 140 |
| 2024 | 0.092 | 0.105 | 155 | 165 |
30 rows
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