2023
Exports
$350kWorld Rnk 149 / 214
Flag Rnk 183 / 810
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$111MWorld Rnk 128 / 226
Flag Rnk 6 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $350k in Packaged Medicaments, making it the 149th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 183rd most exported product in Madagascar. The main destination of Packaged Medicaments exports from Madagascar are: Comoros ($324k), Mauritania ($13.5k), Canada ($5.29k), France ($4.44k), and Mali ($508).

The fastest growing export markets for Packaged Medicaments of Madagascar between 2022 and 2023 were Comoros ($324k), Mauritania ($13.5k), and Canada ($3.8k).

Imports In 2023, Madagascar imported $111M in Packaged Medicaments, becoming the 128th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in Madagascar. Madagascar imports Packaged Medicaments primarily from: France ($36.4M), India ($28.2M), China ($23.3M), Mauritius ($9.4M), and United States ($3.63M).

The fastest growing import markets in Packaged Medicaments for Madagascar between 2022 and 2023 were United States ($3.55M), Belgium ($2.02M), and Switzerland ($1.13M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$350k
IMPORTS (2023)$111M
NET TRADE (2023)-$110M

In 2023, Madagascar exported $350k in Packaged Medicaments. The main destinations of Madagascar exports on Packaged Medicaments were Comoros ($324k), Mauritania ($13.5k), Canada ($5.29k), France ($4.44k), and Mali ($508).

In 2023, Madagascar imported $111M in Packaged Medicaments, mainly from France ($36.4M), India ($28.2M), China ($23.3M), Mauritius ($9.4M), and United States ($3.63M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Comoros$324k (1%)
Mauritania$13.5k (1%)
Canada$3.8k (256%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Madagascar WERE (2022 - 2023):
Lesotho-$5.15k (-100%)
Benin-$490 (-100%)
Belgium-$401 (-99%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Packaged Medicaments were:
In 2023, Madagascar's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFrance+ $11.5k
TOP IMPORT POTENTIALIndia+ $10.5M

Packaged Medicaments’s highest export potential is France. With an export gap of $11.5k.   Packaged Medicaments’s highest import potential is India with an import gap of $10.5M.

See methodology.

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