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Madagascar

Madagascar Flag

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 111th largest goods trading partner with $487 million in total (two way) goods trade during 2016. Goods exports totaled $42 million; goods imports totaled $445 million. The U.S. goods trade deficit with Madagascar was $403 million in 2016. 

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' 171st largest goods export market in 2016.

  • U.S. goods exports to Madagascar in 2016 were $42 million, down 23.1% ($13 million) from 2015 and down 6.2% from 2006.  

  • The top export categories (2-digit HS) in 2016 were: machinery ($13 million), cereals  ($3 million), milling products ($2 million), plastics ($2 million), and optical and medical instruments ($2 million).

  • U.S. total exports of agricultural products to Madagascar totaled $12 million in 2016. Leading domestic export categories include: rice ($2 million), prepared food ($2 million), vegetable oils (ex. soybean) ($2 million), dairy products ($1 million), and coarse grains (ex. corn) ($822 thousand). 

Imports

  • Madagascar was the United States' 88th largest supplier of goods imports in 2016.

  • U.S. goods imports from Madagascar totaled $445 million in 2016, up 39.1% ($125 million) from 2015, and up 58.3% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: coffee, tea & spice  ($227 million), woven apparel ($59 million), knit apparel ($45 million), nickel ($30 million), and other base metals  ($28 million).

  • U.S. total imports of agricultural products from Madagascar totaled $238 million in 2016. Leading categories include: spices ($227 million), essential oils ($3 million), cocoa beans ($2 million), rice ($306 thousand), and cocoa paste & cocoa butter ($294 thousand). 

Trade Balance

  • The U.S. goods trade deficit with Madagascar was $403 million in 2016, a 51.9% increase ($138 million) over 2015. 

Investment

 

  • U.S. foreign direct investment (FDI) in Madagascar (stock) was $197 million in 2016, a 15.9% increase from 2015. 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. 

NOTE: No services trade data with Madagascar are available.