Overview In 2020, Madagascar was the number 132 economy in the world in terms of GDP (current US$), the number 135 in total exports, the number 147 in total imports,
the number 201 economy in terms of GDP per capita (current US$) and the number 115 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Madagascar are Vanilla ($539M), Gold ($187M), Raw Nickel ($164M), Knit Sweaters ($126M), and Titanium Ore ($101M), exporting mostly to United States ($503M), France ($487M), United Arab Emirates ($198M), Germany ($197M), and China ($137M).
In 2020, Madagascar was the world's biggest exporter of Vanilla ($539M)
Imports The top imports of Madagascar are Refined Petroleum ($374M), Rice ($169M), Palm Oil ($102M), Packaged Medicaments ($97.6M), and Light Rubberized Knitted Fabric ($67.3M), importing mostly from China ($993M), France ($357M), India ($295M), United Arab Emirates ($223M), and South Africa ($135M).
Location Madagascar borders Comoros, France, Mozambique, and Seychelles by sea.