2022
Exports
$25.5kWorld Rnk 135 / 176
Flag Rnk 363 / 803
2022
PRODUCT COMPLEXITY IN Rice
-1.95Rnk 998 / 1025
2022
Imports
$299MWorld Rnk 34 / 221
Flag Rnk 2 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $25.5k in Rice, making it the 135th largest exporter of Rice in the world. At the same year, Rice was the 363rd most exported product in Madagascar. The main destination of Rice exports from Madagascar are: Comoros ($23.2k), France ($979), Canada ($589), Belgium ($439), and Spain ($229).

The fastest growing export markets for Rice of Madagascar between 2021 and 2022 were Comoros ($21.2k), Canada ($589), and Belgium ($430).

Imports In 2022, Madagascar imported $299M in Rice, becoming the 34th largest importer of Rice in the world. At the same year, Rice was the 2nd most imported product in Madagascar. Madagascar imports Rice primarily from: India ($224M), Pakistan ($61.4M), Burma ($11.9M), United States ($987k), and Mauritius ($326k).

The fastest growing import markets in Rice for Madagascar between 2021 and 2022 were India ($43.6M), Pakistan ($14.9M), and Burma ($11.9M).

Latest Trends

Aug 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 Rice. 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)$25.5k
IMPORTS (2022)$299M
NET TRADE (2022)-$299M

In 2022, Madagascar exported $25.5k in Rice. The main destinations of Madagascar exports on Rice were Comoros ($23.2k), France ($979), Canada ($589), Belgium ($439), and Spain ($229).

In 2022, Madagascar imported $299M in Rice, mainly from India ($224M), Pakistan ($61.4M), Burma ($11.9M), United States ($987k), and Mauritius ($326k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Comoros$21.2k (1.05k%)
Canada$589 (1%)
Belgium$430 (4.78k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Madagascar WERE (2021 - 2022):
France-$6.14k (-86.2%)
Netherlands-$28 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Rice were:
India $11.1B
Vietnam $3.18B
In 2022, Madagascar's main importing competitors in Rice were:

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $11.2k
TOP IMPORT POTENTIALUnited States+ $1.15M

Rice’s highest export potential is France. With an export gap of $11.2k.   Rice’s highest import potential is United States with an import gap of $1.15M.

See methodology.

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