Madagascar is the 123rd largest export economy in the world and the 89th most complex economy according to the Economic Complexity Index (ECI). In 2015, Madagascar exported $2.52B and imported $2.92B, resulting in a negative trade balance of $396M. In 2015 the GDP of Madagascar was $9.7B and its GDP per capita was $1.47k.
The top exports of Madagascar are Raw Nickel ($586M), Vanilla ($289M), Knit Sweaters ($181M), Cloves ($171M) and Cobalt ($92.5M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($406M), Rice ($88.1M), Sulphur ($83.9M), Prepared Wool or Animal Hair ($67.7M) and Packaged Medicaments ($65.1M).
The top export destinations of Madagascar are France ($465M), the United States ($308M), Germany ($175M), China ($162M) and South Africa ($149M). The top import origins are China ($603M), France ($263M), Bahrain ($184M), India ($180M) and the United Arab Emirates ($174M).