Trade route overview

India exports to Madagascar
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

IND-MDG2024 reported exports44 product typesWatch review level
Latest reported exports$121.2M2024 route total
Highest-priority products1Need the closest review
Products needing review10High-attention product types
Exports needing review44.4%Share of route exports
Overall review levelWatchBased on available indicators

What this page shows

What should a business review on this route?

In 2024, India reported $121.2M in goods exports to Madagascar. 10 product types are marked for closer review, covering 44.4% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from India to Madagascar in the latest available year.

$121.2M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

44.4% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

44 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from India to Madagascar. Bar lengths are relative to the highest year shown.

Latest annual total$245.2M2024 annual history
Highest year$504.5M2022 annual history
Latest below highest51.4%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$73.8M
Still below the previous high
$17.2M
Buyer demand is falling
$0.0
Product mix is concentrated
$93.3M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.6Higher means bigger yearly swings
Below highest year18.8%Compared with the route's best year
Product concentration (HHI)1,201.90-10,000 scale; higher means fewer products dominate
Largest product share26.7%Share from the biggest product

Largest product

Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

Product code HS6 300490 makes up 26.7% of exports from India to Madagascar. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$32.4M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for India exports to Madagascar
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail saleHS6 300490 - six-digit product code$83.2M0%1Watch
2Dog or cat food: (not put up for retail sale), used in animal feedingHS6 230990 - six-digit product code$44.5M0%2.2Watch
3Furnishing articles: of cotton, not knitted or crocheted (excluding bedspreads and articles of heading no. 9404)HS6 630492 - six-digit product code$15.0M0%4.5High attention
4Cereals: rice, semi-milled or wholly milled, whether or not polished or glazedHS6 100630 - six-digit product code$119.9M94.8%1.5Critical attention
5Vaccines: for human medicineHS6 300220 - six-digit product code$32.8M11.3%1.1Watch
6Fabrics, woven: containing 85% or more by weight of cotton, of yarns of different colours, weighing more than 200g/m2, denimHS6 520942 - six-digit product code$13.7M43.7%1.1High attention
7Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail saleHS6 300420 - six-digit product code$12.5M0%1High attention
8Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-carsHS6 871120 - six-digit product code$21.5M8.2%1.8High attention
9Medicaments: containing penicillins, streptomycins or their derivatives, for therapeutic or prophylactic uses, packaged for retail saleHS6 300410 - six-digit product code$11.7M0%0.8High attention
10Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matterHS6 170114 - six-digit product code$51.2M72.5%1.6High attention

Buyer-market imports are total imports of that product into the buyer market, not only exports from India. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets6,176 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff8.4%Average tax applied to imports
Buyer economy size$14.6B2024 gross domestic product
Buyer GDP per person$515.0Current-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time8 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did India export to Madagascar?

India reported $121.2M in goods exports to Madagascar in 2024.

What does "exports needing review" mean?

44.4% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.