Madagascar recorded a trade deficit of 415829 million MGA in December of 2020. source: Institut National de la Statistique de Madagascar

Balance of Trade in Madagascar averaged -74626239.36 million MGA from 2008 until 2020, 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 April 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. Looking forward, we estimate Balance of Trade in Madagascar to stand at -317269.16 in 12 months time. 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
-415829.00 -363050.00 177517.00 -11154044720.00 2008 - 2020 million MGA Monthly

Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -415829.00 -363050.00 177517.00 -11154044720.00 million MGA [+]
Current Account -248.20 -120.40 160.10 -572.90 DTS Million [+]
Current Account to GDP -2.30 0.80 0.80 -21.10 percent [+]
Exports 561111.00 706121.00 1081927.00 51994.00 million MGA [+]
Imports 976940.00 1069171.00 11154740000.00 253874.00 million MGA [+]
Terrorism Index 1.19 1.96 3.29 0.00 [+]
Tourist Arrivals 24820.00 49680.00 49680.00 9526.00 [+]

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.