Madagascar is the 85th largest export economy in the world and the 81st most complex economy according to the Economic Complexity Index (ECI). In 2016, Madagascar exported $2.18B and imported $2.79B, resulting in a negative trade balance of $609M. In 2016 the GDP of Madagascar was $10B and its GDP per capita was $1.51k.
The top exports of Madagascar are Vanilla ($408M), Raw Nickel ($381M), Cloves ($149M), Knit Sweaters ($144M) and Crustaceans ($94.9M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($439M), Rice ($89.7M), Packaged Medicaments ($71.3M), Delivery Trucks ($65.8M) and Cars ($62.3M).
The top export destinations of Madagascar are France ($537M), the United States ($292M), Germany ($189M), China ($144M) and Japan ($115M). The top import origins are China ($942M), France ($355M), Mauritius ($160M), South Africa ($155M) and India ($147M).