Madagascar

ECON COMPLEXITY (2018)

-1.31

RANK 123 OF 137

PRODUCT EXPORTS (2018)

$3.48B

RANK 123 OF 222

EXPORTS PER CAPITA (2018)

$132

RANK 30 OF 219

PRODUCT IMPORTS (2018)

$4.2B

RANK 140 OF 221

IMPORTS PER CAPITA (2018)

$160

RANK 41 of 219

SERVICE EXPORTS (2016)

$1.13B

RANK 108 OF 152

SERVICE IMPORTS (2016)

$1.05B

RANK 113 OF 152

GDP (2018)

$13.9B

CURRENT US$
RANK 129 OF 196

GDP GROWTH (2008-2018)

29.2%

CURRENT US$
RANK 113 OF 196

GDP PC (2018)

$528

CURRENT US$
RANK 189 OF 196

GDP PC GROWTH (2008-2018)

-1.65%

Overview: In 2018 Madagascar was the number 129 economy in the world in terms of GDP (current US$), the number 123 in total exports, the number 140 in total imports, and the number 123 most complex economy according to the Economic Complexity Index (ECI). In 2018, Madagascar exported $3.48B and imported $4.2B, resulting in a negative trade balance of -$724M. In 2018, Madagascar’s exports per capita were $132 and its imports per capita were $160.

Trade: The top exports of Madagascar are Vanilla ($945M), Raw Nickel($429M), Cobalt ($234M), Knit Sweaters ($159M), and Cloves ($158M). The top imports of Madagascar are Refined Petroleum ($568M), Rice($211M), Palm Oil ($87.7M), Packaged Medicaments ($83.8M), and Petroleum Gas ($68.9M).

Destinations: Madagascar exports mostly to United States ($709M), France ($668M), Germany ($263M), Japan ($214M), and China ($152M), and imports mostly from China ($972M), France ($449M), United Arab Emirates ($431M), India ($242M), and South Africa ($227M).

Location: Madagascar borders Comoros, France, Mozambique, and Seychelles by sea.

Exports

In 2018 Madagascar exported a total of $3.48B, making it the number 123 exporter in the world. During the last five reported years the exports of Madagascar have changed by $1.36B from $2.11B in 2013 to $3.48B in 2018.

The most recent exports are led by Vanilla ($945M), Raw Nickel ($429M), Cobalt ($234M), Knit Sweaters ($159M), and Cloves ($158M).

Imports

In 2018 Madagascar imported $4.2B, making it the number 140 trade destination in the world. During the last five reported years the imports of Madagascar changed by $1.37B from $2.83B in 2013 to $4.2B in 2018.

The most recent imports of Madagascar are led by Refined Petroleum ($568M), Rice ($211M), Palm Oil ($87.7M), Packaged Medicaments ($83.8M), and Petroleum Gas ($68.9M).

Trade Balance

As of 2018 Madagascar had a negative trade balance of $236M in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $15.9M in net imports.

Destinations

The most common destination for the exports of Madagascar are United States ($709M), France ($668M), Germany ($263M), Japan ($214M), and China ($152M).

Origins

The most common import partners for Madagascar are China ($972M), France ($449M), United Arab Emirates ($431M), India ($242M), and South Africa ($227M).