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Madagascar: Foreign Trade
Country Study > Chapter 4 > The Economy > Foreign Trade

FOREIGN TRADE


As of 1992, 81.1 percent (US$311 million) of Madagascar's total exports of US$383.5 million were to the industrialized West. Four countries served as the primary destination of Malagasy goods: France (30.4 percent), the United States (13.3 percent), Germany (10.1 percent) and Japan (7.5 percent), and, along with the other former communist countries, has never constituted a major trading partner of Madagascar. In aggregate terms, Madagascar's exports to the industrialized West dropped slightly from US$316 million in 1980 to US$311 million in 1992.

Two trends in trade with the developing world stand out. First, Madagascar slightly increased the percentage of goods exported to other southern countries from 14.3 percent in 1980 to 18.8 percent in 1992. Other African countries were the major market for Malagasy goods (11.0 percent) in 1992, Asia came in second (7.1 percent), and the Middle East and Latin America together imported only 0.5 percent. In aggregate terms, Madagascar's exports to the developing south expanded from US$57.5 million in 1980 to US$72.3 million in 1992.

A second, more noticeable shift occurred in terms of Madagascar's imports from other southern countries, increasing from US$55 million in 1980 to US$301 million in 1992. In sharp contrast to regional patterns related to exports, Madagascar imported the majority of its goods from Asia (15.5 percent) and the Middle East (8.5 percent). Other African countries were the source of only 6.1 percent of Madagascar's imports, and Latin America registered the negligible total of 2.1 percent. A burgeoning trade deficit that exceeded US$230 million in 1992 remains one of the biggest trade problems confronting Malagasy policy makers.

Data as of August 1994




Last Updated: August 1994


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Madagascar was first published in 1994. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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