# Madagascar Chemicals Export Opportunities (HS 28-38)

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> Yugalinks sector export playbook

Explore Madagascar HS 28-38 chemicals export opportunities, product portfolio, buyer markets, growth signals, and diversification opportunities.

## Overview

- Exporter: Madagascar (MDG)
- Sector: Chemicals
- HS chapters: HS 28-38
- Latest trade year: 2024
- Sector exports: $1.3M
- Products: 17
- Buyer markets: 19
- Average CAGR: +7.8%
- Global sector size: $303.7B

## Product portfolio

| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| HS 300490 - Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $183.0B | $71.1K | $71.0B | +11.2% | 9 | +0.0% |
| HS 382499 - Chemical products, mixtures and preparations: n.e.c. heading 3824 | $28.5B | $16.2K | $17.4B | -1.4% | 10 | +0.0% |
| HS 330210 - Odoriferous substances and mixtures: of a kind used in the food or drink industries | $10.9B | $183.6K | $13.1B | -1.7% | 7 | +0.0% |
| HS 330499 - Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) | $23.1B | $11.9K | $10.0B | +27.3% | 7 | +0.0% |
| HS 382200 - Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material | $18.4B | $57.4K | $7.3B | +9.9% | 7 | +0.0% |
| HS 330300 - Perfumes and toilet waters | $11.4B | $4.8K | $6.3B | +7.0% | 6 | +0.0% |
| HS 293499 - Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 | $5.8B | $10.1 | $4.6B | -95.9% | 1 | +0.0% |
| HS 300212 - Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions | $8.5B | $6.6 | $4.3B | +16.8% | 1 | +0.0% |
| HS 300290 - Toxins, cultures of micro-organisms (excluding yeasts) and similar products | $4.9B | $65.2 | $2.5B | -10.9% | 3 | +0.0% |
| HS 310210 - Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution | $2.5B | $128.1 | $1.3B | -30.4% | 2 | +0.0% |
| HS 300439 - Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale | $1.6B | $214.9 | $1.2B | +12.2% | 1 | +0.0% |
| HS 294190 - Antibiotics: n.e.c. in heading no. 2941 | $883.6M | $564.3K | $988.8M | +150.9% | 1 | +0.1% |
| HS 330290 - Odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries | $1.3B | $41.4K | $803.2M | +15.5% | 1 | +0.0% |
| HS 300214 - Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale | $830.7M | $7.4 | $681.7M | -20.0% | 1 | +0.0% |
| HS 340600 - Candles, tapers and the like | $1.0B | $6.4 | $640.9M | -7.0% | 1 | +0.0% |
| HS 330749 - Perfumes and deodorizors: perfuming or deodorizing preparations for rooms, (excluding those which operate by burning) | $676.1M | $12.1K | $579.1M | +41.7% | 1 | +0.0% |
| HS 291539 - Acids: saturated acyclic monocarboxylic acids: esters of acetic acid n.e.s. in item no. 2915.3 | $407.2M | $373.3K | $566.3M | +68.2% | 1 | +0.1% |

## Best markets

- USA, Puerto Rico and US Virgin Islands (USA): $43.0B calculated opportunity across 11 products.
- Switzerland, Liechtenstein (CHE): $27.7B calculated opportunity across 1 products.
- China (CHN): $11.6B calculated opportunity across 4 products.
- Germany (DEU): $10.3B calculated opportunity across 7 products.
- Belgium (BEL): $8.2B calculated opportunity across 2 products.
- Canada (CAN): $7.7B calculated opportunity across 5 products.
- France (FRA): $7.2B calculated opportunity across 6 products.
- Netherlands (NLD): $6.5B calculated opportunity across 3 products.
- United Kingdom (GBR): $5.5B calculated opportunity across 5 products.
- Mexico (MEX): $3.6B calculated opportunity across 1 products.
- Singapore (SGP): $3.1B calculated opportunity across 4 products.
- India (IND): $2.0B calculated opportunity across 2 products.

## Growth stars

- HS 294190: +150.9% average CAGR, $988.8M calculated opportunity.
- HS 291539: +68.2% average CAGR, $566.3M calculated opportunity.
- HS 330749: +41.7% average CAGR, $579.1M calculated opportunity.
- HS 330499: +27.3% average CAGR, $10.0B calculated opportunity.
- HS 300212: +16.8% average CAGR, $4.3B calculated opportunity.
- HS 330290: +15.5% average CAGR, $803.2M calculated opportunity.
- HS 300439: +12.2% average CAGR, $1.2B calculated opportunity.
- HS 300490: +11.2% average CAGR, $71.0B calculated opportunity.
- HS 382200: +9.9% average CAGR, $7.3B calculated opportunity.
- HS 330300: +7.0% average CAGR, $6.3B calculated opportunity.

## Diversification opportunities

- HS 382499: 10 buyer markets, $17.4B calculated opportunity.
- HS 300490: 9 buyer markets, $71.0B calculated opportunity.
- HS 330210: 7 buyer markets, $13.1B calculated opportunity.
- HS 330499: 7 buyer markets, $10.0B calculated opportunity.
- HS 382200: 7 buyer markets, $7.3B calculated opportunity.
- HS 330300: 6 buyer markets, $6.3B calculated opportunity.
- HS 300290: 3 buyer markets, $2.5B calculated opportunity.
- HS 310210: 2 buyer markets, $1.3B calculated opportunity.
- HS 293499: 1 buyer markets, $4.6B calculated opportunity.
- HS 300212: 1 buyer markets, $4.3B 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.