Madagascar recorded a trade deficit of 309014 million MGA in March of 2020.

Balance of Trade in Madagascar averaged -260381.14 million MGA from 2008 until 2020, 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. This page provides - Madagascar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Balance of Trade - values, historical data and charts - was last updated on September of 2020.

Balance of Trade in Madagascar is expected to be -317270.00 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 -317278.00 in 12 months time. In the long-term, the Madagascar Balance of Trade is projected to trend around -317269.00 million MGA in 2021, according to our econometric models.

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Madagascar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-309014.00 -534299.00 177517.00 -772177.00 2008 - 2020 million MGA Monthly

Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -309014.00 -534299.00 177517.00 -772177.00 million MGA [+]
Current Account -93.80 -70.00 169.10 -572.90 DTS Million [+]
Current Account to GDP -0.20 0.80 0.80 -21.10 percent [+]
Exports 610395.00 784811.00 1081927.00 51994.00 million MGA [+]
Imports 919409.00 1319110.00 1386304.00 253874.00 million MGA [+]
Terrorism Index 1.96 2.61 3.29 0.00 [+]
Tourist Arrivals 35150.00 45085.00 45085.00 9526.00 [+]


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.