2023
Exports
$123MWorld Rnk 32 / 163
Flag Rnk 10 / 810
2023
PRODUCT COMPLEXITY IN Crustaceans
-1.94Rnk 993 / 1025
2023
Imports
$78.7kWorld Rnk 172 / 216
Flag Rnk 760 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $123M in Crustaceans, making it the 32nd largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 10th most exported product in Madagascar. The main destination of Crustaceans exports from Madagascar are: France ($94.3M), China ($13.1M), Japan ($4.7M), United Kingdom ($2.6M), and Spain ($2.47M).

The fastest growing export markets for Crustaceans of Madagascar between 2022 and 2023 were China ($3.6M), Japan ($765k), and Spain ($672k).

Imports In 2023, Madagascar imported $78.7k in Crustaceans, becoming the 172nd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 760th most imported product in Madagascar. Madagascar imports Crustaceans primarily from: France ($77.8k), Netherlands ($860), and Japan ($8).

The fastest growing import markets in Crustaceans for Madagascar between 2022 and 2023 were Netherlands ($860) and Japan ($8).

Latest Trends

Dec 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 Crustaceans. 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 (2023)$123M
IMPORTS (2023)$78.7k
NET TRADE (2023)$123M

In 2023, Madagascar exported $123M in Crustaceans. The main destinations of Madagascar exports on Crustaceans were France ($94.3M), China ($13.1M), Japan ($4.7M), United Kingdom ($2.6M), and Spain ($2.47M).

In 2023, Madagascar imported $78.7k in Crustaceans, mainly from France ($77.8k), Netherlands ($860), and Japan ($8).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
China$3.6M (37.8%)
Japan$765k (19.4%)
Spain$672k (37.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Madagascar WERE (2022 - 2023):
United Kingdom-$807k (-23.7%)
New Zealand-$422k (-35.6%)
India-$309k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Crustaceans were:
Ecuador $6.88B
India $4.56B
Canada $2.96B
In 2023, Madagascar's main importing competitors in Crustaceans were:

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.1M
TOP IMPORT POTENTIALIndia+ $2.14k

Crustaceans’s highest export potential is China. With an export gap of $17.1M.   Crustaceans’s highest import potential is India with an import gap of $2.14k.

See methodology.

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