2023
Exports
$37.5MWorld Rnk 19 / 134
Flag Rnk 24 / 810
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$342kWorld Rnk 59 / 159
Flag Rnk 550 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $37.5M in Cocoa Beans, making it the 19th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 24th most exported product in Madagascar. The main destination of Cocoa Beans exports from Madagascar are: Netherlands ($10.7M), Malaysia ($8.34M), France ($3.8M), Switzerland ($3.13M), and Belgium ($3M).

The fastest growing export markets for Cocoa Beans of Madagascar between 2022 and 2023 were Netherlands ($4.57M), Malaysia ($2.11M), and Singapore ($1.29M).

Imports In 2023, Madagascar imported $342k in Cocoa Beans, becoming the 59th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 550th most imported product in Madagascar. Madagascar imports Cocoa Beans primarily from: Kenya ($203k), Uganda ($137k), and France ($2.97k).

The fastest growing import markets in Cocoa Beans for Madagascar between 2022 and 2023 were Kenya ($137k), Uganda ($32.4k), and France ($2.97k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$37.5M
IMPORTS (2023)$342k
NET TRADE (2023)$37.2M

In 2023, Madagascar exported $37.5M in Cocoa Beans. The main destinations of Madagascar exports on Cocoa Beans were Netherlands ($10.7M), Malaysia ($8.34M), France ($3.8M), Switzerland ($3.13M), and Belgium ($3M).

In 2023, Madagascar imported $342k in Cocoa Beans, mainly from Kenya ($203k), Uganda ($137k), and France ($2.97k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Netherlands$4.57M (74.3%)
Malaysia$2.11M (33.7%)
Singapore$1.29M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Madagascar WERE (2022 - 2023):
India-$5.91M (-91.8%)
Switzerland-$1.09M (-25.8%)
Algeria-$1.08M (-80.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Madagascar's main exporting competitors in Cocoa Beans were:
In 2023, Madagascar's main importing competitors in Cocoa Beans were:

Explore Visualizations

Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.06M
TOP IMPORT POTENTIALUganda+ $22.3k

Cocoa Beans’s highest export potential is Netherlands. With an export gap of $2.06M.   Cocoa Beans’s highest import potential is Uganda with an import gap of $22.3k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with