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2023
Flag → Flag
Exports $107MRnk 154 / 220
2023
Flag → Flag
Top Product $21.2MValves
2023
Flag → Flag
Exports $669MRnk 1 / 156
2023
Flag → Flag
Top Product $143MVanilla
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

United States-Madagascar Trade: In 2023, United States exported $107M to Madagascar. The main products that United States exported to Madagascar were Valves ($21.2M), Liquid Pumps ($16.2M), and Sorghum ($8.24M). Over the past 5 years the exports of United States to Madagascar have decreased at an annualized rate of 4.38%, from $134M in 2018 to $107M in 2023.

In 2023, United States did not export any services to Madagascar.

Madagascar-United States Trade: In 2023, Madagascar exported $669M to United States. The main products that Madagascar exported to United States were Vanilla ($143M), Non-Knit Men's Suits ($90.5M), and Non-Knit Men's Shirts ($47.9M). Over the past 5 years the exports of Madagascar to United States have decreased at an annualized rate of 5.25%,  from $876M in 2018 to $669M in 2023.

In 2023, Madagascar did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Company data: In 2023, leading companies such as ASOS (9), PVH (Phillips-Van Heusen Corporation) (4), and Givaudan Fragrances (2) were at the forefront of exporting goods from Madagascar to the United States. Conversely, Unknown (10) and Other (5) were notable for importing products to Madagascar from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $6.44M and imported $46.7M from Madagascar, resulting in a negative trade balance of $40.3M. Between November 2023 and November 2024 the exports of United States have increased by $4.24M (193%) from $2.19M to $6.44M, while imports increased by $950k (2.08%) from $45.8M to $46.7M.

Trade In November 2024, the top exports of United States to Madagascar were Liquid Pumps ($2.93M), Starch Residue ($356k), Transmissions ($312k), Soybean Meal ($205k), and Vehicle Bodies (including cabs) for the... ($169k). In November 2024 the top imports of United States from Madagascar were Vanilla ($11.9M), Non-Knit Men's Suits ($9.86M), Precious Stones ($8.71M), Non-Knit Men's Shirts ($7.23M), and Non-Knit Women's Suits ($4.62M).

Origins In November 2024 the exports of United States were mainly from Rhode Island ($2.1M), Texas ($1.38M), New York ($750k), Indiana ($386k), and Georgia ($376k), while imports destinations were mainly Washington ($8.32M), Maryland ($7.87M), New Jersey ($7.64M), New York ($6.79M), and California ($3.2M).

Growth In November 2024, the increase in United States's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Liquid Pumps ($2.26M or 339%), Transmissions ($188k or 153%), and Computers ($115k or 4.18k%). In November 2024, the increase in United States's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Non-Knit Men's Suits ($3.31M or 50.5%), Non-Knit Men's Shirts ($2.34M or 47.9%), and Knit Men's Shirts ($876k or 30%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$4.24M(193%)
IMPORT GROWTH (November 2023 - November 2024)$950k(2.08%)
MAIN EXPORTER (November 2024)Rhode Island$2.1M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Madagascar and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $107M to Madagascar. The main products exported from United States to Madagascar were Valves ($21.2M), Liquid Pumps ($16.2M), and Sorghum ($8.24M). During the last 5 years the exports of United States to Madagascar have decreased at an annualized rate of 4.38%, from $134M in 2018 to $107M in 2023.

In 2018, Madagascar exported $669M to United States. The main products exported from Madagascar to United States were Vanilla ($143M), Non-Knit Men's Suits ($90.5M), and Non-Knit Men's Shirts ($47.9M). During the last 5 years the exports of Madagascar to United States have decreased at an annualized rate of 5.25%, from $876M in 2023 to $669M in 2018.

Exports from United States (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Madagascar
Top DestinationUnited States$669M

This map shows whether countries import more from United States or Madagascar. Each country is colored based on the difference in imports they receive from United States and Madagascar or the difference in the growth in imports.

In 2023, countries that imported more from United States than Madagascar included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Madagascar than United States included Comoros ($7.69M).

Difference in imports from Madagascar (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Madagascar

Flow
Scale

This chart compares trade between United States and Madagascar by product, considering products traded by both, United States and Madagascar.

During 2023, United States had a large net trade with Madagascar in the exports of Machines ($52.3M), Vegetable Products ($16.3M), and Chemical Products ($7.2M).

During 2018, Madagascar had a large net trade with United States in the exports of Textiles ($344M), Vegetable Products ($150M), and Metals ($68.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Madagascar+$5.02MVaccines, blood, antisera, toxins and cultures
Top Product Potential Madagascar United States+$44.3MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Madagascar. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Madagascar (Flag) (2023)

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