Madagascar recorded a trade deficit of 426616 million MGA in March of 2019. Balance of Trade in Madagascar averaged -249344.67 million MGA from 2008 until 2019, reaching an all time high of 177517 million MGA in December of 2018 and a record low of -772177 million MGA in June of 2016.

Balance of Trade in Madagascar is expected to be -317270.19 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 -317277.50 in 12 months time. In the long-term, the Madagascar Balance of Trade is projected to trend around -317269.16 million MGA in 2020, according to our econometric models.

Madagascar Balance of Trade
Forecast Data Chart
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Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -426616.00 -207624.00 177517.00 -772177.00 million MGA [+]
Current Account 44.20 103.70 169.10 -572.90 DTS Million [+]
Current Account to GDP -4.10 -2.30 -0.30 -21.10 percent [+]
Imports 759854.00 440149.00 1386304.00 253874.00 million MGA [+]
Exports 333238.00 232525.00 1081927.00 51994.00 million MGA [+]
Terrorism Index 2.61 3.29 3.29 0.00 [+]
Tourist Arrivals 2310.00 3578.00 42471.00 2310.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Madagascar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-426616.00 -207624.00 177517.00 -772177.00 2008 - 2019 million MGA Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19