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.