2023
Exports
$256MWorld Rnk 83 / 167
Flag Rnk 4 / 810
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$72.7MWorld Rnk 66 / 174
Flag Rnk 11 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $256M in Gold, making it the 83rd largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in Madagascar. The main destination of Gold exports from Madagascar are: Turkey ($186M), United Arab Emirates ($69.4M), and Switzerland ($4.27k).

The fastest growing export markets for Gold of Madagascar between 2022 and 2023 were Turkey ($186M), United Arab Emirates ($39.2M), and Switzerland ($4.27k).

Imports In 2023, Madagascar imported $72.7M in Gold, becoming the 66th largest importer of Gold in the world. At the same year, Gold was the 11th most imported product in Madagascar. Madagascar imports Gold primarily from: Turkey ($72.3M), United Arab Emirates ($321k), and Germany ($417).

The fastest growing import markets in Gold for Madagascar between 2022 and 2023 were Turkey ($72.3M), United Arab Emirates ($321k), and Germany ($282).

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 Gold. 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)$256M
IMPORTS (2023)$72.7M
NET TRADE (2023)$183M

In 2023, Madagascar exported $256M in Gold. The main destinations of Madagascar exports on Gold were Turkey ($186M), United Arab Emirates ($69.4M), and Switzerland ($4.27k).

In 2023, Madagascar imported $72.7M in Gold, mainly from Turkey ($72.3M), United Arab Emirates ($321k), and Germany ($417).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Turkey$186M (1%)
Switzerland$4.27k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Madagascar WERE (2022 - 2023):France-$215 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Gold were:
In 2023, Madagascar's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $12.3M
TOP IMPORT POTENTIALFrance+ $3.92k

Gold’s highest export potential is United Arab Emirates. With an export gap of $12.3M.   Gold’s highest import potential is France with an import gap of $3.92k.

See methodology.

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