Madagascar recorded a trade deficit of 321972 million MGA in June of 2021. source: Institut National de la Statistique de Madagascar

Balance of Trade in Madagascar averaged -71773458.20 million MGA from 2008 until 2021, reaching an all time high of 177517 million MGA in December of 2018 and a record low of -11154044720 million MGA in July of 2019. This page provides - Madagascar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Balance of Trade - values, historical data and charts - was last updated on September of 2021.

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. In the long-term, the Madagascar Balance of Trade is projected to trend around -317269.00 million MGA in 2022, according to our econometric models.

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Madagascar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-321972.00 -145122.00 177517.00 -11154044720.00 2008 - 2021 million MGA Monthly

Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -321972.00 -145122.00 177517.00 -11154044720.00 million MGA [+]
Current Account -313.90 -216.80 160.10 -572.90 DTS Million [+]
Current Account to GDP -3.50 -2.90 0.80 -21.10 percent of GDP [+]
Exports 859027.00 981804.00 1081927.00 51994.00 million MGA [+]
Imports 1180999.00 1126926.00 11154740000.00 253874.00 million MGA [+]
Terrorism Index 1.19 1.96 3.29 0.00 [+]
Tourist Arrivals 559.00 181.00 45085.00 0.00 [+]

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.