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Madagascar

AGOA Status: Madagascar is eligible for AGOA this year.

Trade Agreements: The U.S. and the Common Market for Eastern and Southern Africa (COMESA), which includes Madagascar, signed a Trade and Investment Framework Agreement (TIFA) in 2001.

U.S.-Madagascar Trade Facts

Madagascar is currently our 99th largest goods trading partner with $1.0 billion in total (two way) goods trade during 2018. Goods exports totaled $113 million; goods imports totaled $893 million. The U.S. goods trade deficit with Madagascar was $780 million in 2018.

According to the Department of Commerce, U.S. exports of goods to Madagascar supported an estimated 2 hundred jobs in 2015 (latest data available).

Exports

  • Madagascar was the United States' 149th largest goods export market in 2018.
     
  • U.S. goods exports to Madagascar in 2018 were $113 million, up 111.4% ($59 million) from 2017 and up 59.5% from 2008. 
     
  • The top export categories (2-digit HS) in 2018 were: mineral fuels ($66 million), machinery ($22 million), optical and medical instruments ($3 million), iron and steel products ($3 million), and special other (low value estimates) ($2 million).
     
  • U.S. total exports of agricultural products to Madagascar totaled $5 million in 2018. Leading domestic export categories include: dairy products ($1 million), coarse grains (ex. corn) ($1 million), rice ($516 thousand), vegetable oils (ex. soybean) ($93 thousand), and other feeds & fodders ($6 thousand).

Imports

  • Madagascar was the United States' 81st largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Madagascar totaled $893 million in 2018, up 20.2% ($150 million) from 2017, and up 175.2% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: coffee, tea & spice (vanilla beans) ($522 million), woven apparel ($126 million), knit apparel ($73 million), other base metals (cobalt) ($65 million), and ores, slag, and ash (titanium) ($33 million).
     
  • U.S. total imports of agricultural products from Madagascar totaled $535 million in 2018. Leading categories include: spices ($522 million), essential oils ($6 million), cocoa beans ($2 million), cocoa paste & cocoa butter ($402 thousand), and processed fruit & vegetables ($117 thousand).

Trade Balance

  • The U.S. goods trade deficit with Madagascar was $780 million in 2018, a 13.1% increase ($91 million) over 2017.

Investment

  • Data on U.S. FDI in Madagascar are unavailable. There is no information on the distribution of U.S. FDI in Madagascar.

  • No data on Madagascar's FDI in the U.S. are available. There is no information on the distribution of Madagascar FDI in the U.S. 

NOTE: No services trade data with Madagascar are available.