Madagascar Imports & Exports in 2022 - Tendata

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ten data blog30-11-2023

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Imports

Madagascar's total imports in 2022 amount to $5.5 billion. From 2021 to 2022, the overall cost of products imported into Madagascar increases by 24.9% compared to $4.4 billion.



Best Suppliers For Madagascar Imports

The most recent country-specific data show that Madagascar imports are mainly supplied by exporters from the following countries: Mainland China (35.6% of Madagascar's global total), Oman (7.5%), India (5.2%), South Africa (5.1%), France (4%), United Arab Emirates (2.8%), Malaysia (2.7%), Pakistan (2.2%), Saudi Arabia (2.2%), Mauritius (1.8%), United States of America (1.7%) and Qatar (1.3%).



Madagascar's Top 10 Imports

1. Mineral fuels including oil: $1.1 billion (21% of total imports)

2. Cereals: $411.7 million (7.5%)

3. Machinery, including computers: $370.5 million (6.8%)

4. Animal and vegetable fats, oils, waxes: $266.8 million (4.9%)

5. Salt, sulfur, stone, cement: $253.9 million (4.6%)

6. Motors, equipment: $253.2 million (4.6%)

7. Vehicles: $220.1 million (4%)

8. Plastics, plastic products: $184.9 million (3.4%)

9. Pharmaceuticals: $175.3 million (3.2%)

10. Knitted or crocheted fabrics: $165.4 million (3%)


Madagascar's top 10 imports amount to nearly two-thirds (63.1%) of the total value of its purchases from other countries.


Fossil fuels, including petroleum, grew by 67% between 2021 and 2022. Madagascar's second fastest-growing import purchases are in the salt, sulfur, stone, and cement product categories (up 35.1%). In third place were animal and vegetable fats, oils and waxes, up 32.9%.


The most modest year-on-year increase was in the machinery products category, including computers, with a 7.3% increase.


At the more detailed 4-digit HS level, buyers in Madagascar spent the most on imported processed petroleum (18% of total costs), rice (5.9%), palm oil (2.9%), non-sublimated sulphur (2.8%), fabrics other than warp-knit (2.7%), coal, including solid fuels made from coal (2.3%), dosage-mixed medicines (2%), soybean oil (1.4%) ), trucks (1.4%) and hydraulic cement (1.3%).



Exports

Madagascar shipped $3.5 billion worth of products to the world in 2022. The total value of goods represents a 29.5% increase in Madagascar's exports compared to $2.7 billion in 2021.



Best Customers for Madagascar's Exports

The latest country-specific data shows that Madagascar's exports are purchased primarily by importers in the United States (16.6% of Madagascar's global total), France (15.7%), mainland China (14.1%), Japan (12%), the Netherlands (4.5%), South Korea (4.3%), Indonesia (3.5%), Canada (3.4%), South Africa ( 3.2%), India (3.1%), Germany (2.8%) and Taiwan (2.4%).



Madagascar's Top 10 Exports

1. Nickel: $870.2 million (24.7% of total exports)

2. Coffee, tea, spices: $834.5 million (23.7%)

3. Clothing, accessories (not knitted or crocheted): $301.1 million (8.6%)

4. Knitted or crocheted clothing, accessories: $268.7 million (7.6%)

5. Other base metals: $218.2 million (6.2%)

6. Ores, slag, ashes: $204.2 million (5.8%)

7. Fish: $124.0 million (3.5%)

8. Gems, precious metals: $93.7 million (2.7%)

9. Salt, sulfur, stone, cement: $81.9 million (2.3%)

10. Perfumes, cosmetics: $75.5 million (2.1%)


Madagascar's top 10 exports account for 87.2% of its total global exports.


Gemstones and precious metals are the fastest-growing of the top 10 export categories, increasing by 116.1% from 2021 to 2022. Madagascar recorded strong growth in exports of gemstones and semi-precious stones. The second highest improvement in export sales was in miscellaneous base metals, which grew by 105.5%. Shipments of nickel, Madagascar's most valuable export, grew the third fastest, up 69.2% year-on-year.


Madagascar's top 10 export categories saw the largest decline in perfumes, cosmetics: down -2.4%.


Drilling down to more detailed 4-digit HS codes, Madagascar's most valuable exports were unwrought nickel (24.6% of the total), spiced vanilla (15.4%), cloves (7.8%), cobalt (6.2%), cobalt in non-knitted or -Crocheted men's suits and pants (3.9%), titanium ores and concentrates (3.8%), crustaceans including lobster (3%), knitted or crocheted knit shirts and pullovers (2.7%), gemstones and semi-precious stones not strung (2.6%) , then essential oils (2.1%).




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