# Madagascar Agriculture and food Export Opportunities (HS 01-24)

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> Yugalinks sector export playbook

Explore Madagascar HS 01-24 agriculture and food export opportunities, product portfolio, buyer markets, growth signals, and diversification opportunities.

## Overview

- Exporter: Madagascar (MDG)
- Sector: Agriculture and food
- HS chapters: HS 01-24
- Latest trade year: 2024
- Sector exports: $58.6M
- Products: 50
- Buyer markets: 21
- Average CAGR: +8.0%
- Global sector size: $156.5B

## Product portfolio

| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| HS 210690 - Food preparations: n.e.s. in item no. 2106.10 | $23.9B | $266.7K | $11.1B | +27.8% | 8 | +0.0% |
| HS 220300 - Beer: made from malt | $8.7B | $575.3K | $8.5B | +7.6% | 2 | +0.0% |
| HS 090111 - Coffee: not roasted or decaffeinated | $16.3B | $2.4M | $6.6B | -0.7% | 5 | +0.0% |
| HS 030617 - Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $9.1B | $3.6M | $6.2B | +9.4% | 2 | +0.0% |
| HS 220421 - Wine: still, in containers holding 2 litres or less | $10.7B | $1.0K | $5.0B | +1.4% | 4 | +0.0% |
| HS 180100 - Cocoa beans: whole or broken, raw or roasted | $11.0B | $38.2M | $4.8B | +21.6% | 6 | +0.3% |
| HS 190590 - Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products | $7.2B | $18.8K | $3.4B | +13.3% | 4 | +0.0% |
| HS 220830 - Whiskies | $4.0B | $84.3K | $3.2B | +47.2% | 4 | +0.0% |
| HS 240220 - Cigarettes: containing tobacco | $4.3B | $411.1 | $3.2B | +17.1% | 2 | +0.0% |
| HS 090121 - Coffee: roasted, not decaffeinated | $4.7B | $991.6 | $3.1B | -20.4% | 3 | +0.0% |
| HS 180620 - Chocolate & other food preparations containing cocoa: in blocks, slabs or bars weighing more than 2kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, content exceeding 2kg | $3.4B | $2.1K | $2.7B | -25.0% | 3 | +0.0% |
| HS 060290 - Plants, live: n.e.s. in heading no. 0602 | $3.3B | $27.5K | $2.4B | -4.6% | 3 | +0.0% |
| HS 220720 - Ethyl alcohol and other spirits: denatured, of any strength | $1.4B | $4.5 | $2.4B | -11.4% | 1 | +0.0% |
| HS 180400 - Cocoa: butter, fat and oil | $3.3B | $2.7K | $2.1B | -20.1% | 2 | +0.0% |
| HS 030633 - Crustaceans: live, fresh or chilled, crabs, whether in shell or not | $1.7B | $4.5M | $2.1B | +61.6% | 1 | +0.3% |
| HS 080131 - Nuts, edible: cashew nuts, in shell, fresh or dried | $2.3B | $55.3K | $1.7B | -8.5% | 1 | +0.0% |
| HS 070200 - Vegetables: tomatoes, fresh or chilled | $2.6B | $6.5K | $1.7B | -2.9% | 2 | +0.0% |
| HS 180310 - Cocoa: paste, not defatted | $1.6B | $135.4K | $1.6B | +15.4% | 2 | +0.0% |
| HS 220410 - Wine: sparkling | $2.3B | $2.6K | $1.6B | +39.5% | 2 | +0.0% |
| HS 180690 - Chocolate and other food preparations containing cocoa: n.e.c. in chapter 18 | $3.4B | $231.1K | $1.5B | +27.2% | 2 | +0.0% |
| HS 230990 - Dog or cat food: (not put up for retail sale), used in animal feeding | $2.0B | $567.2 | $1.3B | +4.1% | 2 | +0.0% |
| HS 240210 - Cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto | $1.5B | $5.3 | $1.3B | -17.2% | 1 | +0.0% |
| HS 030614 - Crustaceans: crabs, frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water) | $1.0B | $68.7K | $1.1B | +20.2% | 1 | +0.0% |
| HS 220210 - Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured | $1.7B | $53.4 | $1.1B | +11.8% | 2 | +0.0% |
| HS 100630 - Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed | $1.4B | $1.8 | $996.7M | -31.3% | 1 | +0.0% |
| HS 080132 - Nuts, edible: cashew nuts, shelled, fresh or dried | $955.6M | $6.8 | $970.6M | -31.1% | 1 | +0.0% |
| HS 230400 - Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | $1.3B | $19.0 | $818.9M | -19.8% | 1 | +0.0% |
| HS 071310 - Vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried | $1.2B | $221.1K | $809.0M | +36.6% | 1 | +0.0% |
| HS 210390 - Sauces and preparations therefor: mixed condiments and mixed seasonings | $796.7M | $49.6 | $762.5M | -10.8% | 1 | +0.0% |
| HS 200410 - Vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen | $868.2M | $1.5K | $754.7M | -41.8% | 1 | +0.0% |
| HS 040610 - Dairy produce: fresh cheese (including whey cheese), not fermented, and curd | $969.9M | $3.7K | $747.2M | +37.8% | 1 | +0.0% |
| HS 080390 - Fruit, edible: bananas, other than plantains, fresh or dried | $836.9M | $530.9 | $742.7M | +187.3% | 1 | +0.0% |
| HS 071320 - Vegetables, leguminous: chickpeas (garbanzos), shelled, whether or not skinned or split, dried | $634.0M | $5.9K | $733.5M | -36.4% | 1 | +0.0% |
| HS 071331 - Vegetables, leguminous: beans of the species vigna mungo (l.) hepper or vigna radiata (l.) wilczek, shelled, whether or not skinned or split, dried | $617.9M | $24.3K | $730.4M | -0.1% | 1 | +0.0% |
| HS 100590 - Cereals: maize (corn), other than seed | $2.4B | $12.9 | $711.3M | -89.0% | 1 | +0.0% |
| HS 150910 - Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modified | $887.3M | $0.2 | $670.3M | -26.3% | 1 | +0.0% |
| HS 120510 - Oil seeds: low erucic acid rape or colza seeds, whether or not broken | $347.0M | $71.5 | $638.3M | -13.8% | 1 | +0.0% |
| HS 040510 - Dairy produce: derived from milk, butter | $1.4B | $10.1K | $624.0M | +33.6% | 1 | +0.0% |
| HS 090240 - Tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg | $607.2M | $36.8K | $620.2M | +1.8% | 1 | +0.0% |
| HS 180632 - Chocolate and other food preparations containing cocoa: in blocks, slabs or bars, (not filled), weighing 2kg or less | $959.8M | $4.6M | $605.0M | +43.5% | 1 | +0.5% |
| HS 030743 - Molluscs: cuttle fish and squid, whether in shell or not, frozen | $1.1B | $932.3 | $601.3M | -1.6% | 1 | +0.0% |
| HS 071410 - Vegetable roots and tubers: manioc (cassava), with high starch or inulin content, whether or not sliced or in the form of pellets, fresh or dried | $629.1M | $21.7K | $597.7M | +102.9% | 1 | +0.0% |
| HS 070960 - Vegetables: fruits of the genus capsicum or of the genus pimenta | $1.1B | $19.4 | $595.3M | -16.5% | 1 | +0.0% |
| HS 071340 - Vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried | $787.2M | $4.4 | $586.0M | -68.0% | 1 | +0.0% |
| HS 220299 - Non-alcoholic beverages: other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit, nut or vegetable juices of heading no. 2009 | $540.5M | $69.2 | $585.4M | +10.1% | 1 | +0.0% |
| HS 030752 - Molluscs: octopus (Octopus spp.), frozen | $687.3M | $13.1K | $579.8M | -15.2% | 1 | +0.0% |
| HS 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 | $1.7B | $16.4 | $571.8M | -45.0% | 1 | +0.0% |
| HS 120242 - Ground-nuts: other than seed, not roasted or otherwise cooked, shelled, whether or not broken, | $529.6M | $9.9K | $541.4M | +3.9% | 1 | +0.0% |
| HS 170199 - Sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter | $1.0B | $241.5 | $534.3M | -29.2% | 1 | +0.0% |
| HS 160414 - Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) | $891.0M | $3.5M | $493.5M | +40.2% | 1 | +0.4% |

## Best markets

- USA, Puerto Rico and US Virgin Islands (USA): $30.3B calculated opportunity across 17 products.
- Germany (DEU): $15.1B calculated opportunity across 15 products.
- China (CHN): $10.6B calculated opportunity across 7 products.
- Canada (CAN): $8.6B calculated opportunity across 7 products.
- France (FRA): $8.6B calculated opportunity across 12 products.
- Belgium (BEL): $3.3B calculated opportunity across 4 products.
- India (IND): $2.9B calculated opportunity across 4 products.
- Netherlands (NLD): $2.6B calculated opportunity across 3 products.
- Japan (JPN): $1.8B calculated opportunity across 3 products.
- Republic of Korea (KOR): $1.7B calculated opportunity across 2 products.
- Viet Nam (VNM): $1.7B calculated opportunity across 1 products.
- Italy (ITA): $1.6B calculated opportunity across 2 products.

## Growth stars

- HS 080390: +187.3% average CAGR, $742.7M calculated opportunity.
- HS 071410: +102.9% average CAGR, $597.7M calculated opportunity.
- HS 030633: +61.6% average CAGR, $2.1B calculated opportunity.
- HS 220830: +47.2% average CAGR, $3.2B calculated opportunity.
- HS 180632: +43.5% average CAGR, $605.0M calculated opportunity.
- HS 160414: +40.2% average CAGR, $493.5M calculated opportunity.
- HS 220410: +39.5% average CAGR, $1.6B calculated opportunity.
- HS 040610: +37.8% average CAGR, $747.2M calculated opportunity.
- HS 071310: +36.6% average CAGR, $809.0M calculated opportunity.
- HS 040510: +33.6% average CAGR, $624.0M calculated opportunity.

## Diversification opportunities

- HS 210690: 8 buyer markets, $11.1B calculated opportunity.
- HS 180100: 6 buyer markets, $4.8B calculated opportunity.
- HS 090111: 5 buyer markets, $6.6B calculated opportunity.
- HS 220421: 4 buyer markets, $5.0B calculated opportunity.
- HS 190590: 4 buyer markets, $3.4B calculated opportunity.
- HS 220830: 4 buyer markets, $3.2B calculated opportunity.
- HS 090121: 3 buyer markets, $3.1B calculated opportunity.
- HS 180620: 3 buyer markets, $2.7B calculated opportunity.
- HS 060290: 3 buyer markets, $2.4B calculated opportunity.
- HS 220300: 2 buyer markets, $8.5B calculated opportunity.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, standards, logistics, pricing, and competition before acting. [Read the Yugalinks 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.