Madagascar recorded a trade deficit of 409670 million MGA in June of 2018. Balance of Trade in Madagascar averaged -245841.16 million MGA from 2008 until 2018, reaching an all time high of 83876 million MGA in March of 2016 and a record low of -772177 million MGA in June of 2016.
Balance of Trade in Madagascar is expected to be -202236.00 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 -201966.00 in 12 months time. In the long-term, the Madagascar Balance of Trade is projected to trend around -201946.00 million MGA in 2020, according to our econometric models.