Country export capability

Madagascar
export capability

A reported view of Madagascar's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

MDG1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$3.2B2024 reported value
Latest imports$4.5B2024 reported value
Trade balance-$1.2BExports minus imports
Export growth-12.5%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Madagascar export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Madagascar recorded $3.2B in exports and $4.5B in imports. The resulting -$1.2B trade balance gives the latest country-level position a clear context.

Exports changed -12.5% year on year and show a calculated +1.4% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

USA, Puerto Rico and US Virgin Islands received $573.8M in reported exports, representing 17.8% of the latest country total. Coffee, tea and spices was the largest displayed HS2 export sector at $501.6M and 15.5% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Madagascar's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$17.4B2024 macro context
GDP per capita$545.0Current-dollar GDP
Population32MReported population
Labor force16.2KReported labor force
Investment rate22.3%National investment rate
Savings rate10.2%National savings rate
Trade openness47.8%Exports + imports / GDP
Exports / GDP20%Merchandise exports / GDP
Secondary education29.2%Education context
Tertiary education2.5%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Madagascar
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
JapanJPNCritical attention97.6%56.1%1.4%Tariff, distance or agreement conditions create market-access friction
USA, Puerto Rico and US Virgin IslandsUSACritical attention63.2%34.3%2%Tariff, distance or agreement conditions create market-access friction
FranceFRAHigh attention24.5%38.5%0.9%Volatile products account for the largest observed corridor exposure
TaiwanTWNCritical attention96.3%60.3%Not reportedTariff, distance or agreement conditions create market-access friction
IndonesiaIDNCritical attention93.4%35.8%17.9%Buyer-market concentration is the largest observed corridor exposure
CanadaCANCritical attention93.1%36.1%3.6%Tariff, distance or agreement conditions create market-access friction
GermanyDEUCritical attention30.9%54.6%0.9%Current trade remains materially below historical peaks
ChinaCHNHigh attention82.5%20.6%28.8%Tariff, distance or agreement conditions create market-access friction
NetherlandsNLDHigh attention27.8%48.7%0.9%Current trade remains materially below historical peaks
IndiaINDHigh attention64.1%4.8%52.1%Volatile products account for the largest observed corridor exposure

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Madagascar
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$119.1B0%Accelerating -2.6%
2ChinaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$291.6B$98.7B0%Declining -6.7%
3ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Declining +10.5%
4IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$130.1B$73.0B0%Declining -0.5%
5ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Declining +20.6%
6ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.4B0%Declining +4%
7USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Accelerating -8.8%
8USA, Puerto Rico and US Virgin IslandsHS6 847150 · Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units$53.9B$45.6B0%Growing +60.2%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Madagascar.
All HS4 export lines2024 ranking
Top HS4 export lines for Madagascar
RankHS4Parent HS2 sectorExportsShareActive HS6
17502HS4 detail codeNickel (75) ↗$451.6M14%2
20905HS4 detail codeCoffee, tea and spices (09) ↗$259.7M8%2
30907HS4 detail codeCoffee, tea and spices (09) ↗$198.1M6.1%2
47108HS4 detail codePrecious stones and metals (71) ↗$189.5M5.9%3
52614HS4 detail codeOres, slag and ash (26) ↗$166.6M5.2%1
66203HS4 detail codeNon-knitted clothing (62) ↗$149.7M4.6%14
77103HS4 detail codePrecious stones and metals (71) ↗$147.1M4.6%3
86110HS4 detail codeKnitted clothing (61) ↗$116.2M3.6%6
90306HS4 detail codeFish and crustaceans (03) ↗$87.3M2.7%16
106109HS4 detail codeKnitted clothing (61) ↗$82.6M2.6%2
113301HS4 detail codeEssential oils and cosmetics (33) ↗$79.5M2.5%8
126204HS4 detail codeNon-knitted clothing (62) ↗$72.1M2.2%25

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Madagascar combines $3.2B in exports with a broad partner network.

In 2024, Madagascar recorded $3.2B in reported exports and $4.5B in imports, producing a reported trade deficit of $1.2B. Exports changed -12.5% year on year and +1.4% annualized over three years. Coffee, tea and spices (HS2 09) was the largest displayed export sector by value.

Destination network

Where Madagascar exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Madagascar
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1USA, Puerto Rico and US Virgin IslandsUSA$573.8M17.8%-0.5%-0.9%
2FranceFRA$524.4M16.2%-4.7%-3.9%
3ChinaCHN$260.1M8.1%-4.7%-9.1%
4United Arab EmiratesARE$230.6M7.1%+125%+14.6%
5IndiaIND$190.9M5.9%+34.2%+19.9%
6JapanJPN$186.3M5.8%-41.3%-3.2%
7Republic of KoreaKOR$156.5M4.8%-36.7%+121.3%
8South AfricaZAF$138.3M4.3%+5.8%+6.7%
9GermanyDEU$120.7M3.7%-7.2%-11.7%
10CanadaCAN$105.6M3.3%-15.1%-11.6%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$1.9B
2014
$2.4B
2015
$2.3B
2016
$2.5B
2017
$3.2B
2018
$3.4B
2019
$3.1B
2020
$2.4B
2021
$3.1B
2022
$4.2B
2023
$3.7B
2024
$3.2B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets48Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners0Country context
Shared-language partners41Country context
Average partner distance8,415 kmCalculated average
Partners with FTA17.8%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share49.9%

Covered value under attention

Critical share17.6%

Covered value marked critical

Below historical peak31.4%

Distance below route peaks

FTA-covered exports34.2%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: Market access exposure.

Momentum score-8.4

History-based indicator

Partner concentration855.5

Partner HHI

Product concentration411.5

Product HHI

Country attention level: High attention. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3MDG
Exports Usd$3.2B
Imports Usd$4.5B
Trade Balance Usd-$1.2B
Yoy Exports Growth Pct-12.5%
Yoy Imports Growth Pct-4.8%
Exports Cagr 3y Pct1.4%
Imports Cagr 3y Pct3.3%
Export Partner Hhi855.5
Export Product Hhi411.5
Momentum Score-8.4
Risk Score6.3
Gdp Million Usd17,420.5 million USD
Gdp Per Capita Usd$545.0
Population31,964,956
Labor Force16,195.9
Investment Rate Pct22.3%
Savings Rate Pct10.2%
Secondary Education Pct29.2%
Tertiary Education Pct2.5%
Total Factor Productivity98.9
Trade Openness Pct47.8%
Exports Gdp Pct20%
Num Active Partners270
Num Fta Partners48
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners0
Num Shared Language Partners41
Avg Partner Distance Km8,415 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta18
Pct Partners Shared Language15
Pct Partners Shared Border0
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km8,557
Num Border Partners0
Num Colonial Partners25
Avg Substitution Elasticity-8.4
Pct Products High Elasticity67
Pct Products Low Elasticity4
Real Market Potential61,729.1
Foreign Market Potential9,848.1

Exposure fields

Country Iso3MDG
All History Lane Count2,360
Current Lane Count1,137
Critical Lane Count12
High Attention Lane Count127
High Volatility Lane Count621
Unrecovered Drawdown Lane Count422
Declining Demand Lane Count5
Concentrated Market Lane Count393
Access Friction Lane Count357
Buyer Macro Weakness Lane Count87
Monitored Exports Current Usd$2.9B
Attention Exports Usd$1.4B
Critical Exports Usd$505.6M
High Volatility Exports Usd$1.2B
Unrecovered Drawdown Exports Usd$893.8M
Non Fta Exports Usd$1.9B
Monitored Attention Share Pct49.9%
Monitored Critical Share Pct17.6%
Fta Covered Exports Share Pct34.2%
Export Weighted Volatility Cv1
Export Weighted Below Peak Pct31.4%
Export Weighted Distance Km9,382 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$3.2B
Total Imports Latest Usd$4.5B
Trade Balance Latest Usd-$1.2B
Exports Yoy Latest Pct-12.5%
Exports Cagr 3y Latest Pct1.4%
Gdp Latest Million Usd17,420.5 million USD
Gdp Per Capita Latest Usd$545.0
Population Latest31,964,956
Investment Rate Latest Pct22.3%
Savings Rate Latest Pct10.2%
Trade Openness Latest Pct47.8%
Exports Gdp Latest Pct20%
Active Partners Latest270
Fta Partners Latest48
Foreign Market Potential Latest9,848.1
Gdp 5y Cagr Pct4.3%
Gdp Per Capita 5y Cagr Pct1.7%
Population 5y Cagr Pct2.5%
Partner Hhi Latest855.5
Partner Top1 Share Latest Pct17.8%
Partner Top3 Share Latest Pct42.1%
Partner Hhi All Avg1,485.4
Partner Hhi All Max2,616.6
Product Hhi Latest411.5
Product Top1 Share Latest Pct13.9%
Product Top3 Share Latest Pct27.7%
Product Hhi All Avg556.3
Product Hhi All Max1,001.7
Total Exports Attention Share Pct44.3%
Total Exports Critical Share Pct15.7%
Attention LevelHigh attention
Primary Risk DriverMarket access exposure
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$544.5M$550.8M-$6.3MNot reportedNot reported
1996$560.9M$605.5M-$44.6M+3%Not reported
1997$544.3M$637.1M-$92.8M-3%Not reported
1998$591.4M$714.2M-$122.8M+8.7%+2.8%
1999$575.0M$802.0M-$226.9M-2.8%+0.8%
2000$840.5M$1.1B-$243.6M+46.2%+15.6%
2001$982.9M$1.1B-$91.1M+16.9%+18.5%
2002$752.8M$874.5M-$121.7M-23.4%+9.4%
2003$1.0B$1.3B-$304.1M+38.3%+7.4%
2004$1.2B$1.8B-$570.2M+18.1%+7.7%
2005$990.8M$1.9B-$861.2M-19.4%+9.6%
2006$1.0B$1.9B-$868.3M+2.8%-0.7%
2007$1.2B$2.8B-$1.6B+22.4%+0.5%
2008$1.4B$3.8B-$2.4B+9.4%+11.3%
2009$1.1B$3.1B-$2.0B-15.8%+4.1%
2010$1.1B$2.6B-$1.4B-0.6%-2.9%
2011$1.7B$2.8B-$1.1B+45.4%+6.8%
2012$1.6B$2.8B-$1.2B-5.1%+11.1%
2013$1.9B$3.0B-$1.0B+22.8%+19.2%
2014$2.4B$3.3B-$934.1M+24.4%+13.2%
2015$2.3B$3.0B-$618.9M-3.1%+14%
2016$2.5B$3.2B-$622.5M+8.3%+9.3%
2017$3.2B$3.7B-$457.1M+26.8%+10%
2018$3.4B$3.9B-$539.2M+6.4%+13.5%
2019$3.1B$3.9B-$752.6M-8.2%+7.4%
2020$2.4B$3.3B-$911.7M-23.4%-9.2%
2021$3.1B$4.1B-$957.9M+29.1%-3.2%
2022$4.2B$5.2B-$968.5M+35.9%+10.4%
2023$3.7B$4.7B-$1.0B-12.3%+15.4%
2024$3.2B$4.5B-$1.2B-12.5%+1.4%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
109Coffee, tea and spices$501.6M15.5%12839
275Nickel$453.3M14%2313
362Non-knitted clothing$393.2M12.2%117112
471Precious stones and metals$345.4M10.7%7240
561Knitted clothing$338.6M10.5%121106
626Ores, slag and ash$250.1M7.7%2023
703Fish and crustaceans$108.9M3.4%52102
825Salt, sulphur, earths and stone$92.4M2.9%4957
933Essential oils and cosmetics$81.1M2.5%8529
1018Cocoa and cocoa preparations$73.9M2.3%4811

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
17502Nickel (75)$451.6M14%2
20905Coffee, tea and spices (09)$259.7M8%2
30907Coffee, tea and spices (09)$198.1M6.1%2
47108Precious stones and metals (71)$189.5M5.9%3
52614Ores, slag and ash (26)$166.6M5.2%1
66203Non-knitted clothing (62)$149.7M4.6%14
77103Precious stones and metals (71)$147.1M4.6%3
86110Knitted clothing (61)$116.2M3.6%6
90306Fish and crustaceans (03)$87.3M2.7%16
106109Knitted clothing (61)$82.6M2.6%2
113301Essential oils and cosmetics (33)$79.5M2.5%8
126204Non-knitted clothing (62)$72.1M2.2%25

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1USA, Puerto Rico and US Virgin IslandsUSA$573.8M17.8%-0.5%-0.9%
2FranceFRA$524.4M16.2%-4.7%-3.9%
3ChinaCHN$260.1M8.1%-4.7%-9.1%
4United Arab EmiratesARE$230.6M7.1%+125%+14.6%
5IndiaIND$190.9M5.9%+34.2%+19.9%
6JapanJPN$186.3M5.8%-41.3%-3.2%
7Republic of KoreaKOR$156.5M4.8%-36.7%+121.3%
8South AfricaZAF$138.3M4.3%+5.8%+6.7%
9GermanyDEU$120.7M3.7%-7.2%-11.7%
10CanadaCAN$105.6M3.3%-15.1%-11.6%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Japan (JPN)Critical attention97.6%56.1%1.4%Tariff, distance or agreement conditions create market-access friction
2USA, Puerto Rico and US Virgin Islands (USA)Critical attention63.2%34.3%2%Tariff, distance or agreement conditions create market-access friction
3France (FRA)High attention24.5%38.5%0.9%Volatile products account for the largest observed corridor exposure
4Taiwan (TWN)Critical attention96.3%60.3%Not reportedTariff, distance or agreement conditions create market-access friction
5Indonesia (IDN)Critical attention93.4%35.8%17.9%Buyer-market concentration is the largest observed corridor exposure
6Canada (CAN)Critical attention93.1%36.1%3.6%Tariff, distance or agreement conditions create market-access friction
7Germany (DEU)Critical attention30.9%54.6%0.9%Current trade remains materially below historical peaks
8China (CHN)High attention82.5%20.6%28.8%Tariff, distance or agreement conditions create market-access friction
9Netherlands (NLD)High attention27.8%48.7%0.9%Current trade remains materially below historical peaks
10India (IND)High attention64.1%4.8%52.1%Volatile products account for the largest observed corridor exposure

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1United Arab Emirates (ARE)381590new$78.0M0.2%100
2Spain (ESP)293920new$3.3M23.1%100
3Australia (AUS)030819new$2.5M11.5%100
4Cambodia (KHM)081340new$961.9K13.6%100
5Singapore (SGP)261000new$64.0M0.4%100
6Mexico (MEX)260111new$201.8M0.1%100
7Malaysia (MYS)260300new$250.1M0.1%100
8Malaysia (MYS)180400new$35.9M0.8%100
9Kenya (KEN)030617new$903.4K20.8%100
10Italy (ITA)200989new$78.4M0.4%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$119.1B0%Accelerating (-2.6%)
2China (CHN)270900$291.6B$98.7B0%Declining (-6.7%)
3China (CHN)854231$158.0B$93.1B0%Declining (+10.5%)
4India (IND)270900$130.1B$73.0B0%Declining (-0.5%)
5China (CHN)854232$80.6B$65.7B0%Declining (+20.6%)
6China (CHN)854239$81.8B$61.4B0%Declining (+4%)
7USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Accelerating (-8.8%)
8USA, Puerto Rico and US Virgin Islands (USA)847150$53.9B$45.6B0%Growing (+60.2%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Madagascar export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Madagascar export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Madagascar.

What is the latest reported export value for Madagascar?

Madagascar recorded $3.2B in reported exports in 2024.

Which markets receive the most exports from Madagascar?

USA, Puerto Rico and US Virgin Islands leads by reported export value at $573.8M in 2024. Five destination lanes are highlighted.

Which sectors lead Madagascar's exports?

Coffee, tea and spices leads by reported value at $501.6M. Five HS2 chapters are highlighted.

How many years of Madagascar trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

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Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). 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.