Largest opportunity shown
China - Iron ores and concentrates: non-agglomerated
$119.1B is the calculated three-year addressable value in the leading opportunity shown, alongside $111.0B of reported buyer imports.
Export market opportunity guide
Madagascar export opportunities
where to look next
Explore Madagascar's export markets, products, sectors, and regions. Compare reported trade with calculated opportunity indicators to decide where further research may be useful.
Latest exports$3.2B2024 reported value
3-year opportunity$3.6TCalculated addressable value
Buyer markets270Latest reported markets
Trade agreement partners48Reported agreements
Screened opportunities35,349Demand and history filters
Madagascar export opportunities
Where should Madagascar look for export growth?
The ranking combines buyer-market size, calculated projections, exporter position, access conditions, and observed history. It is a research starting point, not a guarantee of sales.
Current export position
$3.2B in reported exports
Madagascar has 270 active buyer markets in the latest reported trade profile.
How to use the guide
Compare demand with access
Use the addressable value to find scale, then review market share, buyer growth, suppliers, access indicators, and history before acting.
Madagascar export market overview
Explore export opportunities by market, product, and sector
This guide brings together reported trade data and calculated indicators to help exporters, advisors, sourcing teams, and market researchers decide where to investigate next.
Madagascar trades with buyer markets across every major region. The current profile shows $3.2B in reported exports for 2024, while the opportunity view highlights market and product combinations where buyer demand, growth, and exporter position may justify further research.
Use the tables to compare the size of each buyer market, Madagascar's current share, the gap to the peer benchmark, and recent demand growth. The 3-year CAGR shows average annual growth over the period. HS2 sectors group detailed product codes into broad product families.
Start with the largest opportunities, then check the current trade footprint, sector breadth, regional concentration, and market-watch signals. The calculated addressable opportunity is a screening indicator, not a confirmed order, sales forecast, or guarantee of market entry. Product-level requirements, tariffs, buyers, logistics, and commercial conditions should be validated before making an export decision.
Current trade footprint
Where Madagascar already trades
Reported country, trade-route, and product data adds context around the calculated opportunity ranking.
Leading buyer marketsLatest reported exports
| Buyer market | Exports | Year-on-year | 3-year CAGR |
|---|---|---|---|
| USA, Puerto Rico and US Virgin IslandsUSA | $573.8M | -0.5% | -0.9% |
| FranceFRA | $524.4M | -4.7% | -3.9% |
| ChinaCHN | $260.1M | -4.7% | -9.1% |
| United Arab EmiratesARE | $230.6M | +125% | +14.6% |
| IndiaIND | $190.9M | +34.2% | +19.9% |
| JapanJPN | $186.3M | -41.3% | -3.2% |
| Republic of KoreaKOR | $156.5M | -36.7% | +121.3% |
| South AfricaZAF | $138.3M | +5.8% | +6.7% |
Reported product sectors2024 exports by sector
| Sector | Exports | Trade balance | Products tracked |
|---|---|---|---|
| Coffee, tea and spicesHS2 09 | $501.6M | $497.4M | 39 |
| NickelHS2 75 | $453.3M | $452.9M | 13 |
| Woven apparelHS2 62 | $393.2M | $356.9M | 112 |
| Precious stones and metalsHS2 71 | $345.4M | $334.6M | 40 |
| Knitted apparelHS2 61 | $338.6M | $307.0M | 106 |
| Ores, slag and ashHS2 26 | $250.1M | $250.0M | 23 |
| Fish and crustaceansHS2 03 | $108.9M | $87.3M | 102 |
| Salt, sulphur, earths and stoneHS2 25 | $92.4M | -$6.4M | 57 |
Top opportunities
Markets and products to review
The top 50 screened opportunities are ranked by calculated three-year addressable value. Reported trade and calculated indicators are labeled separately so the comparison is clear.
| Rank | Buyer market | Product | Addressable 3-year value | Buyer demand growth | Exporter share | Share gap | Signal |
|---|---|---|---|---|---|---|---|
| 1 | ChinaCHN | HS 260111Iron ores and concentrates: non-agglomerated | $119.1BCalculated indicator | +18.9% | 0% | 63.8% | |
| 2 | ChinaCHN | HS 854231Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $93.1BCalculated indicator | +18.1% | 0% | 35.8% | Declining |
| 3 | ChinaCHN | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $61.4BCalculated indicator | +15.9% | 0% | 48.2% | Declining |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | HS 851712Telephones for cellular networks or for other wireless networks | $53.8BCalculated indicator | +11.8% | 0% | 71.4% | |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | HS 847150Digital 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 | $45.6BCalculated indicator | +11.1% | 0% | 61.8% | Growing |
| 6 | ChinaCHN | HS 260300Copper ores and concentrates | $35.3BCalculated indicator | +20.3% | 0% | 32.4% | Growing |
| 7 | USA, Puerto Rico and US Virgin IslandsUSA | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $33.3BCalculated indicator | +3.8% | 0% | 69.8% | Growing |
| 8 | China, Hong Kong Special Administrative RegionHKG | HS 851712Telephones for cellular networks or for other wireless networks | $32.7BCalculated indicator | +11.6% | 0% | 77.6% | Stable |
| 9 | China, Hong Kong Special Administrative RegionHKG | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $29.1BCalculated indicator | +7.1% | 0% | 40.4% | |
| 10 | USA, Puerto Rico and US Virgin IslandsUSA | HS 870323Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $28.7BCalculated indicator | +3.9% | 0% | 28.1% | Stable |
| 11 | Switzerland, LiechtensteinCHE | HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $27.7BCalculated indicator | +12.3% | 0% | 47.7% | |
| 12 | United Arab EmiratesARE | HS 851712Telephones for cellular networks or for other wireless networks | $27.3BCalculated indicator | +20.6% | 0% | 57.8% | Slowing |
| 13 | USA, Puerto Rico and US Virgin IslandsUSA | HS 847180Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $25.8BCalculated indicator | +9.4% | 0% | 78.7% | Declining |
| 14 | TurkeyTUR | HS 271019Product description unavailable | $23.6BCalculated indicator | +16.7% | 0% | 62.2% | Growing |
| 15 | China, Hong Kong Special Administrative RegionHKG | HS 854231Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $21.3BCalculated indicator | +9.8% | 0% | 48.6% | |
| 16 | ChinaCHN | HS 710813Metals: gold, semi-manufactured | $20.7BCalculated indicator | +31.4% | 0% | 60.3% | |
| 17 | United Arab EmiratesARE | HS 710812Metals: gold, non-monetary, unwrought (but not powder) | $19.9BCalculated indicator | +43.7% | 0.2% | 12.7% | |
| 18 | JapanJPN | HS 851712Telephones for cellular networks or for other wireless networks | $19.3BCalculated indicator | +12.3% | 0% | 84.7% | Stable |
| 19 | USA, Puerto Rico and US Virgin IslandsUSA | HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $19.0BCalculated indicator | +14% | 0% | 16.7% | |
| 20 | NetherlandsNLD | HS 270900Oils: petroleum oils and oils obtained from bituminous minerals, crude | $18.5BCalculated indicator | +6.5% | 0% | 31.1% | Declining |
| 21 | MexicoMEX | HS 271019Product description unavailable | $18.4BCalculated indicator | +12.8% | 0% | 96.3% | Stable |
| 22 | SingaporeSGP | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $17.5BCalculated indicator | +4.4% | 0% | 53.4% | |
| 23 | Switzerland, LiechtensteinCHE | HS 710813Metals: gold, semi-manufactured | $17.2BCalculated indicator | +14.3% | 0% | 76% | Declining |
| 24 | GermanyDEU | HS 271121Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $16.4BCalculated indicator | +4.2% | 0% | 72.5% | |
| 25 | USA, Puerto Rico and US Virgin IslandsUSA | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $16.3BCalculated indicator | +14.1% | 0% | 21.3% | Stable |
| 26 | USA, Puerto Rico and US Virgin IslandsUSA | HS 870322Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc | $14.6BCalculated indicator | +6.4% | 0% | 44.3% | Stable |
| 27 | USA, Puerto Rico and US Virgin IslandsUSA | HS 847330Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units | $14.3BCalculated indicator | +1.2% | 0% | 42.4% | |
| 28 | ChinaCHN | HS 870323Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $13.9BCalculated indicator | +13.2% | 0% | 40.7% | Declining |
| 29 | USA, Puerto Rico and US Virgin IslandsUSA | HS 950300Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds | $13.8BCalculated indicator | +3.8% | 0% | 77.3% | |
| 30 | MexicoMEX | HS 851712Telephones for cellular networks or for other wireless networks | $13.5BCalculated indicator | +16.9% | 0% | 73.4% | Declining |
| 31 | ChinaCHN | HS 260600Aluminium ores and concentrates | $12.9BCalculated indicator | +29.3% | 0% | 75.2% | Declining |
| 32 | BelgiumBEL | HS 271019Product description unavailable | $12.8BCalculated indicator | +9.1% | 0% | 61.2% | Declining |
| 33 | GermanyDEU | HS 271019Product description unavailable | $12.3BCalculated indicator | +5.8% | 0% | 54.3% | Declining |
| 34 | NetherlandsNLD | HS 271019Product description unavailable | $11.9BCalculated indicator | +12.2% | 0% | 32% | Declining |
| 35 | AustraliaAUS | HS 271019Product description unavailable | $10.7BCalculated indicator | +13.8% | 0% | 29.2% | Growing |
| 36 | USA, Puerto Rico and US Virgin IslandsUSA | HS 853710Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts | $10.6BCalculated indicator | +10.8% | 0% | 41.2% | |
| 37 | Republic of KoreaKOR | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $10.6BCalculated indicator | +7.4% | 0% | 53.5% | Declining |
| 38 | Republic of KoreaKOR | HS 854231Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $10.5BCalculated indicator | +5.7% | 0% | 39.8% | Declining |
| 39 | CanadaCAN | HS 271012Product description unavailable | $10.1BCalculated indicator | +10.8% | 0% | 80% | |
| 40 | USA, Puerto Rico and US Virgin IslandsUSA | HS 271019Product description unavailable | $10.0BCalculated indicator | +6.3% | 0% | 24.6% | Declining |
| 41 | ChinaCHN | HS 852990Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $9.9BCalculated indicator | +7.9% | 0% | 50.3% | |
| 42 | GermanyDEU | HS 851712Telephones for cellular networks or for other wireless networks | $9.7BCalculated indicator | +9.2% | 0% | 52% | Slowing |
| 43 | MexicoMEX | HS 840820Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 | $9.3BCalculated indicator | +18.2% | 0% | 91.8% | |
| 44 | Marshall IsdsMHL | HS 999999Commodities not specified according to kind | $8.8BCalculated indicator | +24% | 0% | 99.8% | Stable |
| 45 | LiberiaLBR | HS 999999Commodities not specified according to kind | $8.8BCalculated indicator | +12% | 0% | 99.6% | |
| 46 | China, Hong Kong Special Administrative RegionHKG | HS 847330Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units | $8.8BCalculated indicator | +5.2% | 0% | 64.1% | |
| 47 | GermanyDEU | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $8.4BCalculated indicator | +3.5% | 0% | 68.5% | Growing |
| 48 | USA, Puerto Rico and US Virgin IslandsUSA | HS 870421Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 | $8.4BCalculated indicator | +9.6% | 0% | 83% | |
| 49 | JapanJPN | HS 854239Electronic integrated circuits: n.e.c. in heading no. 8542 | $8.3BCalculated indicator | +2.6% | 0% | 64.4% | Stable |
| 50 | IndiaIND | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $8.2BCalculated indicator | +16.6% | 0% | 94.1% | Declining |
Showing the five highest-ranked opportunities on mobile. View the complete opportunity data.
How to use this guide
Read the opportunity ranking beside current trade
A large calculated opportunity is more useful when it is compared with the exporter's current markets, product breadth, and trade-route exposure.
Product breadth
270 active buyer markets
The country profile reports 270 active markets and 48 trade-agreement partners in the latest available year.
Current trade base
$3.2B latest exports
Compare the current export base with the addressable opportunity rather than treating the projection as reported trade.
Market coverage
10 leading buyer markets
Reported trade-route and sector data provide a factual starting point for prioritizing deeper market research.
Export opportunity by sector
Which product sectors have the most room?
HS2 chapters show where screened market and product opportunities are concentrated by product family.
| Sector | Opportunities | Addressable 3-year value | Buyer imports |
|---|---|---|---|
| Electrical machineryHS2 85 | 2,007 | $893.6B | $1.6T |
| MachineryHS2 84 | 3,595 | $538.9B | $1.1T |
| Other or unclassified productsOther or unclassified products | 197 | $351.7B | $642.6B |
| Ores, slag and ashHS2 26 | 62 | $188.9B | $213.0B |
| VehiclesHS2 87 | 304 | $157.5B | $403.4B |
| Precious stones and metalsHS2 71 | 458 | $121.9B | $252.6B |
| PlasticsHS2 39 | 821 | $99.3B | $212.6B |
| Knitted clothingHS2 61 | 3,930 | $96.5B | $207.3B |
| Pharmaceutical productsHS2 30 | 83 | $84.0B | $210.0B |
| Non-knitted clothingHS2 62 | 4,559 | $83.9B | $187.7B |
Buyer markets by region
Where is opportunity concentrated?
Regions group buyer markets to make the country's export opportunity landscape easier to compare.
North America
$1.1T calculated opportunity
3,069 screened opportunities across 3 buyer markets. Reported buyer imports total $2.0T.
Leading markets: USA, Puerto Rico and US Virgin Islands, Mexico, Canada
Europe
$1.0T calculated opportunity
14,688 screened opportunities across 41 buyer markets. Reported buyer imports total $2.4T.
Leading markets: Germany, France, Netherlands, United Kingdom, Switzerland, Liechtenstein
East Asia
$854.8B calculated opportunity
2,629 screened opportunities across 7 buyer markets. Reported buyer imports total $1.3T.
Leading markets: China, China, Hong Kong Special Administrative Region, Japan, Republic of Korea, Taiwan
Middle East
$166.5B calculated opportunity
2,762 screened opportunities across 15 buyer markets. Reported buyer imports total $305.7B.
Leading markets: United Arab Emirates, Turkey, Kuwait, Saudi Arabia, Israel
Southeast Asia
$161.8B calculated opportunity
1,470 screened opportunities across 9 buyer markets. Reported buyer imports total $307.0B.
Leading markets: Singapore, Thailand, Malaysia, Viet Nam, Indonesia
Africa
$107.6B calculated opportunity
6,631 screened opportunities across 46 buyer markets. Reported buyer imports total $156.5B.
Leading markets: South Africa, Liberia, Morocco, United Rep. of Tanzania, Kenya
South Asia
$103.6B calculated opportunity
890 screened opportunities across 7 buyer markets. Reported buyer imports total $160.1B.
Leading markets: India, Pakistan, Bangladesh, Nepal, Sri Lanka
Latin America and Caribbean
$67.6B calculated opportunity
1,282 screened opportunities across 28 buyer markets. Reported buyer imports total $88.4B.
Leading markets: Brazil, Panama, Chile, Ecuador, Peru
Market watch
What could change the opportunity?
Current trade-route risk and new-market observations are shown separately from the historical opportunity ranking.
Markets to watchCurrent trade-route context
| Buyer market | Trade | Attention | Main factor |
|---|---|---|---|
| JapanJPN | $175.8M | Critical attention | Tariff, distance or agreement conditions create market-access friction |
| USA, Puerto Rico and US Virgin IslandsUSA | $551.1M | Critical attention | Tariff, distance or agreement conditions create market-access friction |
| FranceFRA | $479.7M | High attention | Volatile products account for the largest observed corridor exposure |
| TaiwanTWN | $34.6M | Critical attention | Tariff, distance or agreement conditions create market-access friction |
| IndonesiaIDN | $63.0M | Critical attention | Buyer-market concentration is the largest observed corridor exposure |
| CanadaCAN | $100.9M | Critical attention | Tariff, distance or agreement conditions create market-access friction |
New market signals
8 current observations
These observations identify recent product-market relationships that may deserve a closer look.
United Arab EmiratesHS 381590 · new
100SpainHS 293920 · new
100AustraliaHS 030819 · new
100ItalyHS 200989 · new
100SingaporeHS 261000 · new
100MexicoHS 260111 · new
100How to read the numbers
Keep reported values separate from projections
This guide supports market research. It does not replace commercial validation, buyer conversations, or product-level due diligence.
Addressable opportunity
A calculated screening indicator based on buyer demand and exporter position. It is not a reported order value, sales forecast, or guarantee of market entry.
Market share and gap
Share describes the exporter's position in the reported buyer market. The gap indicates room relative to the peer benchmark in the available data.
Screening and coverage
Opportunities shown here exceed $50.0K in latest buyer imports and have at least 3 observed trade years.
Frequently asked questions
Using the Madagascar export opportunity guide
Definitions and practical guidance for interpreting the market, product, and sector comparisons.
What are the top export opportunities?
The leading opportunities are buyer-market and product combinations with the highest calculated three-year addressable value in the screened results. Review reported buyer imports, Madagascar's current share, demand growth, and market conditions before prioritizing one.
What does addressable opportunity mean?
It is a calculated indicator that compares buyer demand context with exporter position and available market signals. It helps prioritize research; it is not a confirmed order, forecast, or promise of sales.
How should exporters use this page?
Begin with a market and product that fits your capability, compare the current trade footprint and market-watch factors, then validate tariffs, buyers, standards, logistics, pricing, and competition at product level.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). 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.