Madagascar is the paradise of the massive trees, called baobabs, and the land of unique animals such as lemurs. It is an insular country located approximately 400 kilometers from the east coast of Africa. With regard to international trade, Madagascar was the 127th largest exporting economy in the world in 2021, with a total of 2.7 billion US dollars, according to data from the International Trade Center (ITC).
Behind Armenia (126) with $2.9 billion and followed by the Cayman Islands (128) with $2.4 billion. The countries in its geographical area of influence such as South Africa, Tanzania and Mozambique occupy positions 37, 105 and 109 respectively.
In 2021, the top 5 Madagascar’s exports, with a total of 55%, were:
- Vanilla: $620 million (23%)
- Raw nickel: $507 million (19%)
- Titanium ores and concentrates: $143 million (5%)
- Cloves, fruits, cloves and stems: $115 million (4%)
- Suits: $110 million (4%)
Regarding to the imported products in 2021, the top 5 imports represent 28%:
- Petroleum or bituminous mineral oils: $603 million (14%)
- Rice: $272 million (6%)
- Knitted fabrics: $120 million (3%)
- Palm oil: $113 million (3%)
- Medicines: $109 million (2%)
The main export destinations are:
The main origins of imports are:
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Sources:
Data from 2021, other years are stated.