# Madagascar exports to Belgium: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Madagascar reported $15.5M in goods exports to Belgium. 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 | $15.5M | 2024 route total |
| Exports needing review | 13.1% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 1 | High-attention product types |
| Export volatility | 1.1 | Higher means bigger yearly swings |
| Below highest year | 35% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 180100 | Cocoa beans: whole or broken, raw or roasted | $1.2B | 0% | Watch |
| 2 | 160414 | Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) | $89.6M | 61% | Watch |
| 3 | 750210 | Nickel: unwrought, not alloyed | $372.7M | 97.1% | High attention |
| 4 | 330129 | Oils, essential: n.e.s. in heading no. 3301 (terpeneless or not), including concretes and absolutes | $20.7M | 53.7% | Watch |
| 5 | 200559 | Vegetable preparations: beans, (not shelled), prepared or preserved otherwise than by vinegar or acetic acid, not frozen | $13.6M | 61.8% | Watch |
| 6 | 621133 | Track suits and other garments n.e.s.: men's or boys', of man-made fibres (not knitted or crocheted) | $76.3M | 0% | Watch |
| 7 | 611019 | Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of fine animal hair other than that of kashmir (cashmere) goats | $11.4M | 28.4% | Stable |
| 8 | 200599 | Vegetable preparations: vegetables and mixtures of vegetables n.e.c. in heading no. 2005, prepared or preserved otherwise than by vinegar or acetic acid, not frozen | $168.4M | 9.7% | Watch |
| 9 | 611012 | Jerseys, pullovers, cardigans, waistcoats and similar articles: knitted or crocheted, of fibres from kashmir (cashmere) goats | $20.3M | 92.3% | Watch |
| 10 | 081190 | Fruit, edible: fruit and nuts n.e.s. in heading no. 0811, uncooked or cooked, frozen whether or not containing added sugar or other sweetening matter | $150.1M | 29.5% | Stable |

## 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.