India / Madagascar

Overview In January 2024, India exported $14.4M and imported $20.1M from Madagascar, resulting in a negative trade balance of $5.67M. Between January 2023 and January 2024 the exports of India have decreased by $-32.1M (-69%) from $46.5M to $14.4M, while imports increased by $14.6M (267%) from $5.48M to $20.1M.

Trade In January 2024, the top exports of India to Madagascar were Rice(Other Than Basmoti) ($27.1M), Sugar ($6.46M), Drug Formulations, Biologicals ($2.64M), Indl. Machnry For Dairy Etc ($1.15M), and Medical And Scientific Instrum ($1.01M). In January 2024 the top imports of India from Madagascar were Spices ($3.06M), Other Commodities ($882k), Cocoa Products ($368k), Processed Minerals ($281k), and Pulses ($276k).

Growth In January 2024, the decrease in India's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Petroleum Products ($-6.75M or -97.3%), Processed Fruits And Juices ($-553k or -78.8%), and Plastic Raw Materials ($-373k or -87.3%). In January 2024, the increase in India's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Pearl, Precs, Semiprecs Stones ($217k or 390%), Ayush And Herbal Products ($215k or 51.2k%), and Pulses ($40.5k or 17.2%).