Madagascar recorded a trade deficit of 533961.40 million MGA in September of 2019. Balance of Trade in Madagascar averaged -257892.57 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 -317270.00 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 -317274.00 in 12 months time. In the long-term, the Madagascar Balance of Trade is projected to trend around -317269.00 million MGA in 2020, according to our econometric models.


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Madagascar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-533961.40 -425764.80 177517.00 -772177.00 2008 - 2019 million MGA Monthly


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.

Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -533961.40 -425764.80 177517.00 -772177.00 million MGA [+]
Current Account -42.50 -94.70 169.10 -572.90 DTS Million [+]
Current Account to GDP -2.00 -0.30 0.60 -21.10 percent [+]
Imports 1142643.60 1119516.40 1386304.00 253874.00 million MGA [+]
Exports 608682.20 693751.60 1081927.00 51994.00 million MGA [+]
Terrorism Index 1.96 2.61 3.29 0.00 [+]
Tourist Arrivals 22450.00 27303.00 43105.00 9526.00 [+]