2023
Exports
$159MWorld Rnk 20 / 164
Flag Rnk 6 / 810
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$35.6kWorld Rnk 119 / 184
Flag Rnk 849 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $159M in Precious Stones, making it the 20th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 6th most exported product in Madagascar. The main destination of Precious Stones exports from Madagascar are: China ($53.6M), United States ($39.5M), Thailand ($23.1M), France ($14.6M), and Switzerland ($5.5M).

The fastest growing export markets for Precious Stones of Madagascar between 2022 and 2023 were Thailand ($13.9M), China ($8.09M), and Japan ($3.15M).

Imports In 2023, Madagascar imported $35.6k in Precious Stones, becoming the 119th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 849th most imported product in Madagascar. Madagascar imports Precious Stones primarily from: Thailand ($21.1k), Kenya ($8.87k), Mauritius ($2.45k), Austria ($2.03k), and Malawi ($579).

The fastest growing import markets in Precious Stones for Madagascar between 2022 and 2023 were Thailand ($6.15k), Austria ($2.03k), and Malawi ($579).

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 Precious Stones. 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)$159M
IMPORTS (2023)$35.6k
NET TRADE (2023)$159M

In 2023, Madagascar exported $159M in Precious Stones. The main destinations of Madagascar exports on Precious Stones were China ($53.6M), United States ($39.5M), Thailand ($23.1M), France ($14.6M), and Switzerland ($5.5M).

In 2023, Madagascar imported $35.6k in Precious Stones, mainly from Thailand ($21.1k), Kenya ($8.87k), Mauritius ($2.45k), Austria ($2.03k), and Malawi ($579).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Thailand$13.9M (151%)
China$8.09M (17.8%)
Japan$3.15M (336%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Madagascar WERE (2022 - 2023):
United Arab Emirates-$13.3M (-96.9%)
Italy-$2.12M (-38.7%)
United Kingdom-$901k (-40%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Precious Stones were:
In 2023, Madagascar's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $25.7M
TOP IMPORT POTENTIALThailand+ $15.9k

Precious Stones’s highest export potential is China. With an export gap of $25.7M.   Precious Stones’s highest import potential is Thailand with an import gap of $15.9k.

See methodology.

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