Madagascar is the 116th largest export economy in the world and the 121st most complex economy according to the Economic Complexity Index (ECI). In 2017, Madagascar exported $3.42B and imported $3.66B, resulting in a negative trade balance of $236M. In 2017 the GDP of Madagascar was $11.5B and its GDP per capita was $1.56k.
The top exports of Madagascar are Vanilla ($894M), Raw Nickel ($414M), Cloves ($288M), Knit Sweaters ($184M) and Cobalt ($143M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($445M), Rice ($237M), Delivery Trucks ($99M), Palm Oil ($85.7M) and Packaged Medicaments ($78.9M).
The top export destinations of Madagascar are France ($692M), the United States ($673M), Germany ($251M), China ($193M) and Japan ($147M). The top import origins are China ($804M), France ($283M), India ($282M), the United Arab Emirates ($257M) and South Africa ($214M).