Madagascar

In 2013, the value of merchandise exports of Madagascar increased substantially by 50.1 percent to reach 1.8 bln US$, while its merchandise imports increased by 16.0 percent to reach 3.1 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 1.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -841.6 mln US$ (see graph 4). Merchandise exports in Madagascar were diversified amongst partners; imports were also diversified. The top 13 partners accounted for 80 percent or more of exports and 15 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Madagascar increased substantially by 58.2 percent, reaching 2.1 bln US$, while its imports of services increased moderately by 8.9 percent and reached 1.5 bln US$ (see graph 2). There was a moderate trade in services surplus of 648.6 mln US$.

Related Subject(s): International Trade and Finance

Countries: Madagascar