2022
Exports
$138MWorld Rnk 19 / 162
Flag Rnk 6 / 803
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$482kWorld Rnk 76 / 185
Flag Rnk 545 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $138M in Precious Stones, making it the 19th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 6th most exported product in Madagascar. The main destination of Precious Stones exports from Madagascar are: China ($68.2M), United States ($19.5M), United Arab Emirates ($13.7M), France ($13.6M), and Italy ($5.16M).

The fastest growing export markets for Precious Stones of Madagascar between 2021 and 2022 were China ($48.9M), United Arab Emirates ($11.7M), and France ($11M).

Imports In 2022, Madagascar imported $482k in Precious Stones, becoming the 76th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 545th most imported product in Madagascar. Madagascar imports Precious Stones primarily from: Mauritius ($446k), Thailand ($15.2k), Kenya ($10.6k), Morocco ($9.53k), and Democratic Republic of the Congo ($1.02k).

The fastest growing import markets in Precious Stones for Madagascar between 2021 and 2022 were Mauritius ($446k), Thailand ($9.67k), and Morocco ($9.53k).

Latest Trends

Oct 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 Precious Stones. 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 (2022)$138M
IMPORTS (2022)$482k
NET TRADE (2022)$138M

In 2022, Madagascar exported $138M in Precious Stones. The main destinations of Madagascar exports on Precious Stones were China ($68.2M), United States ($19.5M), United Arab Emirates ($13.7M), France ($13.6M), and Italy ($5.16M).

In 2022, Madagascar imported $482k in Precious Stones, mainly from Mauritius ($446k), Thailand ($15.2k), Kenya ($10.6k), Morocco ($9.53k), and Democratic Republic of the Congo ($1.02k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
China$48.9M (253%)
France$11M (430%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Madagascar WERE (2021 - 2022):
Italy-$2.85M (-35.5%)
Sri Lanka-$1.22M (-98.7%)
Singapore-$869k (-80.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Precious Stones were:
In 2022, Madagascar's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $25.7M
TOP IMPORT POTENTIALThailand+ $15.9k

Precious Stones’s highest export potential is China. With an export gap of $25.7M.   Precious Stones’s highest import potential is Thailand with an import gap of $15.9k.

See methodology.

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