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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 103rd largest goods trading partner with $796 million in total (two way) goods trade during 2017. Goods exports totaled $53 million; goods imports totaled $743 million. The U.S. goods trade deficit with Madagascar was $689 million in 2017.

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' 168th largest goods export market in 2017.

  • U.S. goods exports to Madagascar in 2017 were $53 million, up 27.2% ($11 million) from 2016 and up 66.1% from 2007.  

  • The top export categories (2-digit HS) in 2017 were: machinery ($24 million), aircraft ($4 million), miscellaneous textile articles ($3 million), plastics ($2 million), and animal or vegetable fats and oils ($2 million).

  • U.S. total exports of agricultural products to Madagascar totaled $7 million in 2017. Leading domestic export categories include: vegetable oils (ex. soybean) ($2 million), dairy products ($1 million), pulses ($947 thousand), prepared food ($855 thousand), and rice ($780 thousand). 

Imports

  • Madagascar was the United States' 82nd largest supplier of goods imports in 2017.

  • U.S. goods imports from Madagascar totaled $743 million in 2017, up 66.9% ($298 million) from 2016, and up 119.8% from 2007.  

  • The top import categories (2-digit HS) in 2017 were: coffee, tea & spice (vanilla beans) ($402 million), woven apparel ($94 million), knit apparel ($66 million), other base metals ($54 million), and nickel ($37 million).

  • U.S. total imports of agricultural products from Madagascar totaled $420 million in 2017. Leading categories include: spices ($402 million), essential oils ($3 million), cocoa beans ($3 million), processed fruit & vegetables ($270 thousand), and cocoa paste & cocoa butter ($178 thousand). 

Trade Balance

  • The U.S. goods trade deficit with Madagascar was $689 million in 2017, a 71.0% increase ($286 million) over 2016. 

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.