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Pricing

2022
Flag → Flag
Exports $98MRnk 162 / 219
2022
Flag → Flag
Top Product $12.5MLiquid Pumps
2022
Flag → Flag
Exports $756MRnk 1 / 157
2022
Flag → Flag
Top Product $214MVanilla
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
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GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

United States-Madagascar Trade: In 2022, United States exported $98M to Madagascar. The main products that United States exported to Madagascar were Liquid Pumps ($12.5M), Copper Ore ($10.7M), and Valves ($8.35M). Over the past 5 years the exports of United States to Madagascar have increased at an annualized rate of 1.16%, from $92.5M in 2017 to $98M in 2022.

In 2022, United States did not export any services to Madagascar.

Madagascar-United States Trade: In 2022, Madagascar exported $756M to United States. The main products that Madagascar exported to United States were Vanilla ($214M), Non-Knit Men's Suits ($83.2M), and Titanium Ore ($61.9M). Over the past 5 years the exports of Madagascar to United States have increased at an annualized rate of 3.25%,  from $604M in 2017 to $756M in 2022.

In 2022, Madagascar did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

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

August, 2024

About

Overview In August 2024, United States exported $4.03M and imported $74.2M from Madagascar, resulting in a negative trade balance of $70.1M. Between August 2023 and August 2024 the exports of United States have decreased by $-1.05M (-20.6%) from $5.07M to $4.03M, while imports increased by $28.7M (63.2%) from $45.5M to $74.2M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Virginia ($971k), Massachusetts ($561k), California ($547k), Texas ($478k), and Mississippi ($464k), while imports destinations were mainly Maryland ($13.9M), Mississippi ($9.56M), New Jersey ($9.5M), New York ($7.97M), and Illinois ($6.62M).

Growth In August 2024, the decrease in United States's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Valves ($-347k or -73.1%), Commodities not elsewhere specified ($-333k or -80.1%), and Other Measuring Instruments ($-232k or -79.8%). In August 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 (August 2023 - August 2024)$-1.05M(-20.6%)
IMPORT GROWTH (August 2023 - August 2024)$28.7M(63.2%)
MAIN EXPORTER (August 2024)Virginia$971k

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.

Explore Madagascar and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $98M to Madagascar. The main products exported from United States to Madagascar were Liquid Pumps ($12.5M), Copper Ore ($10.7M), and Valves ($8.35M). During the last 5 years the exports of United States to Madagascar have increased at an annualized rate of 1.16%, from $92.5M in 2017 to $98M in 2022.

In 2017, Madagascar exported $756M to United States. The main products exported from Madagascar to United States were Vanilla ($214M), Non-Knit Men's Suits ($83.2M), and Titanium Ore ($61.9M). During the last 5 years the exports of Madagascar to United States have increased at an annualized rate of 3.25%, from $604M in 2022 to $756M in 2017.

Exports from United States (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Madagascar
Top DestinationUnited States$756M

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 2022, countries that imported more from United States than Madagascar included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Madagascar than United States included Comoros ($7.03M) and North Korea ($1.51k).

Difference in imports from Madagascar (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Madagascar in the exports of Machines ($29.6M), Vegetable Products ($16M), and Chemical Products ($13.8M).

During 2017, Madagascar had a large net trade with United States in the exports of Textiles ($362M), Vegetable Products ($221M), and Mineral Products ($72.8M).

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) (2022)

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