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.