2022
Exports
$489kWorld Rnk 72 / 139
Flag Rnk 159 / 803
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$4.69kWorld Rnk 174 / 200
Flag Rnk 980 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $489k in Soybeans, making it the 72nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 159th most exported product in Madagascar. The main destination of Soybeans exports from Madagascar are: United States ($488k), Bahrain ($1.16k), and France ($45).

The fastest growing export markets for Soybeans of Madagascar between 2021 and 2022 were United States ($488k), Bahrain ($1.16k), and France ($39).

Imports In 2022, Madagascar imported $4.69k in Soybeans, becoming the 174th largest importer of Soybeans in the world. At the same year, Soybeans was the 980th most imported product in Madagascar. Madagascar imports Soybeans primarily from: South Africa ($4.38k), Zambia ($205), and Netherlands ($104).

The fastest growing import markets in Soybeans for Madagascar between 2021 and 2022 were South Africa ($1.76k), Zambia ($205), and Netherlands ($104).

Latest Trends

Sep 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 Soybeans. 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)$489k
IMPORTS (2022)$4.69k
NET TRADE (2022)$485k

In 2022, Madagascar exported $489k in Soybeans. The main destinations of Madagascar exports on Soybeans were United States ($488k), Bahrain ($1.16k), and France ($45).

In 2022, Madagascar imported $4.69k in Soybeans, mainly from South Africa ($4.38k), Zambia ($205), and Netherlands ($104).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
United States$488k (1%)
Bahrain$1.16k (1%)
France$39 (650%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Madagascar WERE (2021 - 2022):
India-$890k (-100%)
United Arab Emirates-$37.4k (-100%)
Netherlands-$25 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Soybeans were:
In 2022, Madagascar's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $285k
TOP IMPORT POTENTIALSouth Africa+ $3.52k

Soybeans’s highest export potential is United States. With an export gap of $285k.   Soybeans’s highest import potential is South Africa with an import gap of $3.52k.

See methodology.

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