India / Madagascar

Overview In July 2024, India exported $24.6M and imported $10.5M from Madagascar, resulting in a positive trade balance of $14.1M. Between July 2023 and July 2024 the exports of India have decreased by $-2.94M (-10.7%) from $27.6M to $24.6M, while imports decreased by $-3.83M (-26.7%) from $14.3M to $10.5M.

Trade In July 2024, the top exports of India to Madagascar were Rice(Other Than Basmoti) ($27.1M), Sugar ($6.46M), Drug Formulations, Biologicals ($2.64M), Indl. Machnry For Dairy Etc ($1.15M), and Medical And Scientific Instrum ($1.01M). In July 2024 the top imports of India from Madagascar were Spices ($3.06M), Other Commodities ($882k), Cocoa Products ($368k), Processed Minerals ($281k), and Pulses ($276k).

Growth In July 2024, the decrease in India's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Petroleum Products ($-6.75M or -97.3%), Processed Fruits And Juices ($-553k or -78.8%), and Plastic Raw Materials ($-373k or -87.3%). In July 2024, the decrease in India's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Spices ($-8.25M or -73%), Processed Minerals ($-1.41M or -83.4%), and Other Commodities ($-136k or -13.3%).