Madagascar recorded a trade deficit of 1170412 MGA Million in March of 2026. Balance of Trade in Madagascar averaged -412271.32 MGA Million from 2008 until 2026, reaching an all time high of 177517.00 MGA Million in December of 2018 and a record low of -1471806.00 MGA Million in January of 2025. source: Institut National de la Statistique de Madagascar



Related Last Previous Unit Reference
Balance of Trade -1170412.00 -610697.00 MGA Million Mar 2026
Exports 841568.00 808865.00 MGA Million Mar 2026
Imports 2011980.00 1419562.00 MGA Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-1170412.00 -610697.00 177517.00 -1471806.00 2008 - 2026 MGA Million Monthly