# India exports to Madagascar: Trade Route Risk | Yugalinks

Understand reported exports from India to Madagascar, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/IND-MDG/risk

## Route overview

In 2024, India reported $121.2M in goods exports to Madagascar. The overall review level is Watch.

## How to read this page

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

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $121.2M | 2024 route total |
| Exports needing review | 44.4% | Share of route exports |
| Highest-priority products | 1 | Need the closest review |
| Products needing review | 10 | High-attention product types |
| Export volatility | 1.6 | Higher means bigger yearly swings |
| Below highest year | 18.8% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $83.2M | 0% | Watch |
| 2 | 230990 | Dog or cat food: (not put up for retail sale), used in animal feeding | $44.5M | 0% | Watch |
| 3 | 630492 | Furnishing articles: of cotton, not knitted or crocheted (excluding bedspreads and articles of heading no. 9404) | $15.0M | 0% | High attention |
| 4 | 100630 | Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed | $119.9M | 94.8% | Critical attention |
| 5 | 300220 | Vaccines: for human medicine | $32.8M | 11.3% | Watch |
| 6 | 520942 | Fabrics, woven: containing 85% or more by weight of cotton, of yarns of different colours, weighing more than 200g/m2, denim | $13.7M | 43.7% | High attention |
| 7 | 300420 | Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale | $12.5M | 0% | High attention |
| 8 | 871120 | Motorcycles (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-cars | $21.5M | 8.2% | High attention |
| 9 | 300410 | Medicaments: containing penicillins, streptomycins or their derivatives, for therapeutic or prophylactic uses, packaged for retail sale | $11.7M | 0% | High attention |
| 10 | 170114 | Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter | $51.2M | 72.5% | High attention |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.