2023
Exports
$23.1MWorld Rnk 136 / 214
Flag Rnk 30 / 810
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$887MWorld Rnk 112 / 226
Flag Rnk 1 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $23.1M in Refined Petroleum, making it the 136th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 30th most exported product in Madagascar. The main destination of Refined Petroleum exports from Madagascar are: Ethiopia ($11.9M), France ($2.35M), Turkey ($2.34M), Kenya ($1.85M), and Italy ($1.62M).

The fastest growing export markets for Refined Petroleum of Madagascar between 2022 and 2023 were Turkey ($1.82M), Kenya ($991k), and Japan ($439k).

Imports In 2023, Madagascar imported $887M in Refined Petroleum, becoming the 112th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Madagascar. Madagascar imports Refined Petroleum primarily from: Oman ($629M), United Arab Emirates ($117M), Qatar ($46.6M), India ($42.2M), and South Africa ($11.4M).

The fastest growing import markets in Refined Petroleum for Madagascar between 2022 and 2023 were United Arab Emirates ($35.7M), Qatar ($20.6M), and Bahrain ($8.95M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$23.1M
IMPORTS (2023)$887M
NET TRADE (2023)-$864M

In 2023, Madagascar exported $23.1M in Refined Petroleum. The main destinations of Madagascar exports on Refined Petroleum were Ethiopia ($11.9M), France ($2.35M), Turkey ($2.34M), Kenya ($1.85M), and Italy ($1.62M).

In 2023, Madagascar imported $887M in Refined Petroleum, mainly from Oman ($629M), United Arab Emirates ($117M), Qatar ($46.6M), India ($42.2M), and South Africa ($11.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Turkey$1.82M (351%)
Kenya$991k (115%)
Japan$439k (15.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Madagascar WERE (2022 - 2023):
Italy-$1.28M (-44.1%)
France-$999k (-29.9%)
Uganda-$559k (-61.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $7.39M
TOP IMPORT POTENTIALIndia+ $67.4M

Refined Petroleum’s highest export potential is France. With an export gap of $7.39M.   Refined Petroleum’s highest import potential is India with an import gap of $67.4M.

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