China / Madagascar

Overview In December 2024, China exported $118M and imported $28M from Madagascar, resulting in a positive trade balance of $90.4M. Between December 2023 and December 2024 the exports of China have decreased by $-5.94M (-4.78%) from $124M to $118M, while imports decreased by $-4.16M (-12.9%) from $32.1M to $28M.

Trade In December 2024, the top exports of China to Madagascar were Other knitted or crocheted fabrics. ($5.21M), Synthetic Filament Yarn Woven Fabric ($3.38M), Stone Processing Machines ($2.86M), Telephones ($2.73M), and Electrical Control Boards ($2.64M). In December 2024 the top imports of China from Madagascar were Titanium Ore ($10.1M), Niobium, Tantalum, Vanadium and Zirconium Ore ($2.83M), Mica ($2.66M), Chromium Ore ($2.52M), and Graphite ($1.79M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($21.9M), Guangdong Province ($16.4M), Jiangsu Province ($14.3M), Shandong Province ($13.8M), and Hunan Province ($7.04M), while imports destinations were mainly Henan Province ($10.2M), Guangdong Province ($3.19M), Shanghai Province ($2.3M), Hainan Province ($2.28M), and Shanxi Province ($2.24M).

Growth In December 2024, the decrease in China's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Non-Retail Animal Hair Yarn ($-4.08M or -73.4%), Coated Flat-Rolled Iron ($-1.87M or -44.9%), and Sewing Machines ($-1.29M or -96.4%). In December 2024, the decrease in China's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Other Mineral ($-2.71M or -85.7%), Graphite ($-2.62M or -59.4%), and Niobium, Tantalum, Vanadium and Zirconium Ore ($-986k or -25.9%).