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2022
Exports $46.1MWorld Rnk 119 / 214
Flag Rnk 17 / 803
2022
Destination $18.3M France
2021 - 2022
FASTEST GROWING MARKET $18.3MFrance
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $625MWorld Rnk 128 / 225
Flag Rnk 1 / 1117
2022
Origin $74.3M Oman
2021 - 2022
FASTEST GROWING ORIGIN $74.3MIndia
2022
ECONOMIC COMPLEXITY of Madagascar-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $46.1M in Refined Petroleum, making it the 119th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 17th most exported product in Madagascar. The main destination of Refined Petroleum exports from Madagascar are: France ($26.6M), Ethiopia ($11.5M), Italy ($2.89M), Uganda ($904k), and Kenya ($863k).

The fastest growing export markets for Refined Petroleum of Madagascar between 2021 and 2022 were France ($18.3M), Ethiopia ($9.43M), and Italy ($2.89M).

Imports In 2022, Madagascar imported $625M in Refined Petroleum, becoming the 128th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Madagascar. Madagascar imports Refined Petroleum primarily from: Oman ($321M), United Arab Emirates ($81.3M), India ($75.6M), Singapore ($64.2M), and Kuwait ($30.1M).

The fastest growing import markets in Refined Petroleum for Madagascar between 2021 and 2022 were India ($74.3M), Oman ($65.8M), and Singapore ($63.5M).

Latest Trends

Oct 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 Refined Petroleum. 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 (2022)$46.1M
IMPORTS (2022)$625M
NET TRADE (2022)-$579M

In 2022, Madagascar exported $46.1M in Refined Petroleum. The main destinations of Madagascar exports on Refined Petroleum were France ($26.6M), Ethiopia ($11.5M), Italy ($2.89M), Uganda ($904k), and Kenya ($863k).

In 2022, Madagascar imported $625M in Refined Petroleum, mainly from Oman ($321M), United Arab Emirates ($81.3M), India ($75.6M), Singapore ($64.2M), and Kuwait ($30.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
France$18.3M (219%)
Ethiopia$9.43M (450%)
Italy$2.89M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Madagascar WERE (2021 - 2022):
Mozambique-$1.6M (-97.2%)
Turkey-$483k (-48.2%)
Zambia-$165k (-84%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Madagascar's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALFrance+ $7.39M
TOP IMPORT POTENTIALIndia+ $67.4M

Refined Petroleum’s highest export potential is France. With an export gap of $7.39M.   Refined Petroleum’s highest import potential is India with an import gap of $67.4M.

See methodology.

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