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Madagascar Trade Summary

2023

Madagascar exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MADAGASCAR 2023

Overall Exports and Imports for Madagascar 2023

Exports and imports of Madagascar in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,283 million.
  • The total value of imports (CIF) was 4,817 million.
  • At the HS6 digit level, 1,750 products were exported to 136 countries and 3,653 products were imported from 140 countries.

Madagascar top 5 Export and Import partners 2023

Top five countries to which Madagascar exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Madagascar exports to France worth US$ 476 million, with a partner share of 14.49 percent.
  2. Madagascar exports to United States worth US$ 413 million, with a partner share of 12.58 percent.
  3. Madagascar exports to Japan worth US$ 271 million, with a partner share of 8.25 percent.
  4. Madagascar exports to Korea, Rep. worth US$ 271 million, with a partner share of 8.24 percent.
  5. Madagascar exports to China worth US$ 268 million, with a partner share of 8.15 percent.

Top five countries from which Madagascar imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Madagascar imports from China worth US$ 818 million, with a partner share of 16.99 percent.
  2. Madagascar imports from Oman worth US$ 649 million, with a partner share of 13.47 percent.
  3. Madagascar imports from France worth US$ 541 million, with a partner share of 11.23 percent.
  4. Madagascar imports from India worth US$ 421 million, with a partner share of 8.73 percent.
  5. Madagascar imports from South Africa worth US$ 267 million, with a partner share of 5.55 percent.

Madagascar Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Madagascar along with trade value are:

  1. Madagascar exported Nickel unwrought, not alloyed , worth 823,433.96 (US$ Thousands).
  2. Madagascar exported Vanilla , worth 271,656.52 (US$ Thousands).
  3. Madagascar exported Cloves (whole fruit, cloves and stems) , worth 248,431.14 (US$ Thousands).
  4. Madagascar exported Titanium ores and concentrates , worth 172,014.97 (US$ Thousands).
  5. Madagascar exported Gold in oth semi-manufactured forms,non-monetar , worth 124,374.09 (US$ Thousands).

The top five imported HS 6 digit level products from world by Madagascar along with trade value are

  1. Madagascar imported Petroleum oils, etc, (excl. crude); preparation , worth 901,722.05 (US$ Thousands).
  2. Madagascar imported Semi-milled or wholly milled rice , worth 189,255.48 (US$ Thousands).
  3. Madagascar imported Crude palm oil , worth 102,588.14 (US$ Thousands).
  4. Madagascar imported Raw cane sugar, in solid form , worth 84,806.17 (US$ Thousands).
  5. Madagascar imported Other medicaments of mixed or unmixed products, , worth 80,478.73 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Madagascar in 2023 are below

  • The maximum rate of tariff in percentage on any product was 20 percent.
  • The simple average tariff across all products was 9.48 percent.
  • The trade weighted average tariff was 9.18 .
  • The total duty free imports in thousands of US dollars were 769,191.29 and duty free tariff line items share was 23.35 percent.

Development Indicators 2023

Key Development Indicators of Madagascar in 2023 are below

  • Madagascar GDP in current US dollar was 15,870 million.
  • GNI per capita, Atlas method (current US$) was 510.00 .
  • Madagascar Trade balance: as % of GDP was -7.13.
  • Trade balance in current US$ was -1,131.00 million.
  • Trade as percentage of GDP was 61.13 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2023

Trade Indicators for Madagascar in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 4.07.
  • World Growth in percentage was -3.13 and Madagascar Country Growth was -7.32 .