# Madagascar Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
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- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: Madagascar (MDG)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 16
- Calculated three-year opportunity: $48.1B
- Reported FTA markets: 0
- Average reported distance: 13,110 km
- Average business entry indicator: 19 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Brazil | BRA | $10.6B | 5 | Not reported | 9,592 km | 17 | Product not reported |
| Panama | PAN | $10.1B | 2 | Not reported | 14,224 km | 6 | Commodities not specified according to kind |
| Chile | CHL | $7.2B | 1 | Not reported | 11,262 km | 4 | Product not reported |
| Ecuador | ECU | $3.9B | 1 | Not reported | 13,768 km | 49 | Product not reported |
| Peru | PER | $2.5B | 1 | Not reported | 13,043 km | 26 | Product not reported |
| Bahamas | BHS | $2.2B | 2 | Not reported | 14,335 km | 12 | Product not reported |
| Dominican Republic | DOM | $1.8B | 1 | Not reported | 13,459 km | 17 | Product not reported |
| Honduras | HND | $1.7B | 1 | Not reported | 15,186 km | 42 | Product not reported |
| Colombia | COL | $1.6B | 1 | Not reported | 13,608 km | 10 | Product not reported |
| Costa Rica | CRI | $1.6B | 1 | Not reported | 14,737 km | 23 | Product not reported |
| Trinidad and Tobago | TTO | $1.1B | 1 | Not reported | 12,384 km | 11 | Product not reported |
| El Salvador | SLV | $1.0B | 1 | Not reported | 15,379 km | 17 | Product not reported |
| Argentina | ARG | $854.6M | 1 | Not reported | 10,212 km | 12 | Product not reported |
| Saint Lucia | LCA | $689.9M | 1 | Not reported | 12,430 km | 11 | Product not reported |
| Bolivia | BOL | $564.9M | 1 | Not reported | 11,968 km | 40 | Product not reported |
| Jamaica | JAM | $523.8M | 1 | Not reported | 14,176 km | 3 | Product not reported |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Chile (CHL) | HS 271019 - Product description unavailable | $7.2B | +13.8% | +0.0% |
| 2 | Panama (PAN) | HS 999999 - Commodities not specified according to kind | $7.0B | +10.3% | +0.0% |
| 3 | Brazil (BRA) | HS 271019 - Product description unavailable | $7.0B | +9.0% | +0.0% |
| 4 | Ecuador (ECU) | HS 271019 - Product description unavailable | $3.9B | +12.6% | +0.0% |
| 5 | Panama (PAN) | HS 271019 - Product description unavailable | $3.0B | +9.8% | +0.0% |
| 6 | Peru (PER) | HS 271019 - Product description unavailable | $2.5B | +10.0% | +0.0% |
| 7 | Dominican Republic (DOM) | HS 271019 - Product description unavailable | $1.8B | +13.6% | +0.0% |
| 8 | Honduras (HND) | HS 271019 - Product description unavailable | $1.7B | +10.1% | +0.0% |
| 9 | Colombia (COL) | HS 271019 - Product description unavailable | $1.6B | +6.8% | +0.0% |
| 10 | Costa Rica (CRI) | HS 271019 - Product description unavailable | $1.6B | +12.7% | +0.0% |
| 11 | Bahamas (BHS) | HS 271019 - Product description unavailable | $1.3B | +8.6% | +0.0% |
| 12 | Trinidad and Tobago (TTO) | HS 271019 - Product description unavailable | $1.1B | +16.8% | +0.0% |
| 13 | Brazil (BRA) | HS 842129 - Machinery: for filtering or purifying liquids, n.e.c. in item no. 8421.2 | $1.1B | +14.2% | +0.0% |
| 14 | El Salvador (SLV) | HS 271019 - Product description unavailable | $1.0B | +9.8% | +0.0% |
| 15 | Bahamas (BHS) | HS 999999 - Commodities not specified according to kind | $891.3M | +8.4% | +0.0% |
| 16 | Brazil (BRA) | HS 854232 - Electronic integrated circuits: memories | $873.4M | +7.4% | +0.0% |
| 17 | Brazil (BRA) | HS 854231 - Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $867.6M | +6.1% | +0.0% |
| 18 | Argentina (ARG) | HS 271019 - Product description unavailable | $854.6M | +6.0% | +0.0% |
| 19 | Brazil (BRA) | HS 850760 - Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $827.3M | +18.6% | +0.0% |
| 20 | Saint Lucia (LCA) | HS 271019 - Product description unavailable | $689.9M | +13.4% | +0.0% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 00 - HS2 sector 00 | 16 | $41.3B | $36.5B | +10.6% |
| HS2 99 - HS2 sector 99 | 2 | $6.1B | $7.9B | +9.3% |
| HS2 85 - HS2 sector 85 | 3 | $4.8B | $2.6B | +10.7% |
| HS2 84 - HS2 sector 84 | 1 | $894.8M | $1.1B | +14.2% |

## Frequently asked questions

### Should Madagascar focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [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.