Madagascar Foreign Trade

By | April 16, 2023

According to allcitypopulation, Madagascar is the fourth-largest island in the world and is located off the southeastern coast of Africa. The country is divided into six provinces, each with its own unique geography and culture. The island is mostly covered by tropical rainforest, but it also has mountains, savannas, wetlands, and deserts. There are also several small islands off the coast of Madagascar. According to Petwithsupplies, the capital city of Madagascar is Antananarivo with a population of 1,300,000 (2018 census). Other major cities include Toamasina with a population of 326,300, Antsirabé with a population of 245,600, Mahajanga with a population of 244,700 (Census 2018).

The economy of Madagascar is largely based on agriculture and fishing. Agriculture accounts for over half of the GDP and employs about 80% of the population. The main crops grown in Madagascar are rice, cassava, maize, and sweet potatoes. Fishing is another important industry in Madagascar; both coastal and offshore fisheries provide employment to many people. Livestock farming also plays a role in the economy as cattle ranching is common in some areas. In addition to agriculture and fishing, mining has become an important source of income for many people on the island as well as a valuable export commodity for Madagascar’s economy. Tourism has also become increasingly important to Madagascar’s economy over recent years as travelers from around the world flock to experience its unique culture and natural beauty.

Madagascar Bordering Countries

Foreign Trade of Madagascar

Madagascar is an important participant in international trade, with exports and imports making up a significant portion of the country’s GDP. The main export commodities include coffee, vanilla, seafood, oilseeds, and textiles. Coffee is the most important export crop, accounting for over 40% of total exports. Vanilla is also a major export crop and Madagascar is known for producing some of the finest quality vanilla in the world. Other export commodities include seafood such as shrimp and lobster, as well as oilseeds such as palm oil and coconut oil. Textiles are also an important export for Madagascar, with many garments made from local cotton being exported to other countries.

The main import commodities for Madagascar include machinery, petroleum products, chemicals, pharmaceuticals, foodstuffs, and vehicles. Machinery accounts for around 20% of all imports into Madagascar; this includes items such as computers and industrial equipment which are necessary to support the manufacturing sector of the economy. Petroleum products are another major import commodity; these are used to fuel vehicles and provide electricity in many parts of the country. Pharmaceuticals are also imported into Madagascar to help meet medical needs in rural areas that may not have access to adequate healthcare facilities. Foodstuffs make up a large portion of imports into Madagascar; rice is one of the most important food imports due to its importance in traditional Malagasy cuisine. Finally, vehicles make up a significant portion of imports into Madagascar; these range from cars to trucks which are needed to transport goods throughout the country’s extensive road network.

Major Trading Partners of Madagascar

Madagascar has a number of major trading partners, both in the region and around the world. The main regional trading partners are South Africa, Mauritius, and Mozambique. These countries are all located near Madagascar and provide important export markets for Malagasy goods. South Africa is Madagascar’s largest trading partner in the region, accounting for nearly 25% of total exports to the country. Major imports from South Africa include machinery, vehicles, and petroleum products. Mauritius is another important regional trading partner; this small island nation provides an export market for Malagasy seafood and textiles. Finally, Mozambique is an important source of imports for Madagascar; this includes foodstuffs such as rice and maize as well as other commodities like oilseeds.

On the global stage, Madagascar’s major trading partners are France, India, China, and the United States. France is one of Madagascar’s oldest trading partners; it accounts for over 15% of total exports to this country. France mainly imports vanilla from Madagascar as well as other commodities such as coffee and seafood. India is another major trading partner; it accounts for around 10% of total exports to Madagascar. The main items exported to India are oilseeds such as palm oil and coconut oil, alongside textiles made from local cotton. China is also a major trade partner with over 5% of total exports going to this country; these mainly consist of seafood products such as lobster and shrimp which are popular in Chinese cuisine. Finally, the United States is an important export market for Malagasy goods with over 4% of total exports going there; these mainly include coffee beans which form part of America’s booming specialty coffee industry.

Major Imports and Exports of Madagascar

Madagascar’s major imports consist mainly of machinery and equipment, vehicles, and petroleum products. Machinery and equipment account for around 20% of total imports to the country, followed by vehicles which account for around 15%. Petroleum products are also an important import for Madagascar; these include diesel fuel, gasoline, and other refined petroleum products. Other imports include foodstuffs such as cereals, rice, and maize as well as chemicals and other industrial inputs.

Madagascar’s major exports consist mainly of seafood products such as lobster and shrimp which are popular in Asian cuisine, textiles made from local cotton which are exported to France and India, vanilla beans which are exported to France, oilseeds such as palm oil and coconut oil which are exported to India, coffee beans which are exported to the United States, minerals such as graphite and chromite which are exported to China, precious stones such as rubies and sapphires which are exported to the United States. Madagascar also exports a variety of manufactured goods such as furniture and automotive parts. Finally, Madagascar exports a number of agricultural products including sugar cane, bananas, mangoes, cloves tobacco leafs,and cocoa beans.