2023
Exports
$389MWorld Rnk 1 / 122
Flag Rnk 2 / 810
2023
PRODUCT COMPLEXITY IN Vanilla
-2.02Rnk 1000 / 1025
2023
Imports
$2.11MWorld Rnk 23 / 190
Flag Rnk 278 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $389M in Vanilla, making it the 1st largest exporter of Vanilla in the world. At the same year, Vanilla was the 2nd most exported product in Madagascar. The main destination of Vanilla exports from Madagascar are: United States ($143M), France ($92.5M), Germany ($35.5M), Netherlands ($30.9M), and Canada ($19.6M).

The fastest growing export markets for Vanilla of Madagascar between 2022 and 2023 were Mauritius ($4.08M), Singapore ($2.4M), and Australia ($1.31M).

Imports In 2023, Madagascar imported $2.11M in Vanilla, becoming the 23rd largest importer of Vanilla in the world. At the same year, Vanilla was the 278th most imported product in Madagascar. Madagascar imports Vanilla primarily from: Mauritius ($783k), France ($663k), United Arab Emirates ($309k), Germany ($165k), and South Korea ($144k).

The fastest growing import markets in Vanilla for Madagascar between 2022 and 2023 were Germany ($162k), South Korea ($144k), and Canada ($16.3k).

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 Vanilla. 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)$389M
IMPORTS (2023)$2.11M
NET TRADE (2023)$387M

In 2023, Madagascar exported $389M in Vanilla. The main destinations of Madagascar exports on Vanilla were United States ($143M), France ($92.5M), Germany ($35.5M), Netherlands ($30.9M), and Canada ($19.6M).

In 2023, Madagascar imported $2.11M in Vanilla, mainly from Mauritius ($783k), France ($663k), United Arab Emirates ($309k), Germany ($165k), and South Korea ($144k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Mauritius$4.08M (31.9%)
Singapore$2.4M (12.8k%)
Australia$1.31M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Madagascar WERE (2022 - 2023):
United States-$132M (-47.9%)
France-$86.4M (-48.3%)
Canada-$39.8M (-67.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Vanilla were:
Uganda $33.1M
France $29.2M
In 2023, Madagascar's main importing competitors in Vanilla were:

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2M
TOP IMPORT POTENTIALCanada+ $17.5k

Vanilla’s highest export potential is India. With an export gap of $2M.   Vanilla’s highest import potential is Canada with an import gap of $17.5k.

See methodology.

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