Madagascar Balance of TradeFebruary 2023 Data - 2008-2022 Historical

Name: Madagascar Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Madagascar,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Madagascar recorded a trade deficit of 396070 million MGA in June of 2022. source: Institut National de la Statistique de Madagascar

Balance of Trade in Madagascar averaged -288971.61 million MGA from 2008 until 2022, reaching an all time high of 177517 million MGA in December of 2018 and a record low of -834294 million MGA in October of 2021. 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 March of 2023.

Balance of Trade in Madagascar is expected to be -710000.00 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 -740000.00 million MGA in 2023 and -800000.00 million MGA in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-396070.00	-663290.00	million MGA	Jun 2022
Imports	1748674.00	2199478.00	million MGA	Jun 2022
Exports	1352604.00	1536188.00	million MGA	Jun 2022
Tourist Arrivals	4718.00	8302.00		Dec 2021

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.