Madagascar recorded a trade deficit of 426616 million MGA in March of 2019. Balance of Trade in Madagascar averaged -249344.67 million MGA from 2008 until 2019, reaching an all time high of 177517 million MGA in December of 2018 and a record low of -772177 million MGA in June of 2016.

Balance of Trade in Madagascar is expected to be -317270.19 million MGA by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Madagascar to stand at -317277.50 in 12 months time. In the long-term, the Madagascar Balance of Trade is projected to trend around -317269.16 million MGA in 2020, according to our econometric models.

Madagascar Balance of Trade
Forecast Data Chart
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Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -426616.00 -207624.00 177517.00 -772177.00 million MGA [+]
Current Account 44.20 103.70 169.10 -572.90 DTS Million [+]
Current Account to GDP -4.10 -2.30 -0.30 -21.10 percent [+]
Imports 759854.00 440149.00 1386304.00 253874.00 million MGA [+]
Exports 333238.00 232525.00 1081927.00 51994.00 million MGA [+]
Terrorism Index 2.61 3.29 3.29 0.00 [+]
Tourist Arrivals 2310.00 3578.00 42471.00 2310.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Madagascar Balance of Trade

Madagascar’s systemic trade deficit is due to the country’s dependency on the imports of fuel and capital equipment. Madagascar is a net exporter of graphite, coffee and vanilla. Main trading partners are: France, China and Indonesia. This page provides - Madagascar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-426616.00 -207624.00 177517.00 -772177.00 2008 - 2019 million MGA Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19