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Export Market

Madagascar

ISO: MG / MDG

Country Profile

Capital Antananarivo
Population 31.7M
GDP $17.4B (2024)
GDP per Capita $545
Income Level Low Income
Currency Malagasy ariary (MGA Ar)
Language French
Timezone UTC+03:00
Region Africa · Eastern Africa

Trade Partners

Madagascar Exports To

  • USA 16.0%
  • France 15.0%
  • Japan 8.0%
  • China 6.0%
  • S. Korea 6.0%

Key exports: garments, nickel, vanilla, cloves, gold (2023)

Madagascar Imports From

  • China 19.0%
  • Oman 13.0%
  • France 10.0%
  • India 8.0%
  • South Africa 5.0%

Key imports: refined petroleum, rice, fabric, cotton fabric, wheat (2023)

Economic Overview

low-income East African island economy; natural resource rich; extreme poverty; return of political stability has helped growth; sharp tax revenue drop due to COVID-19; leading vanilla producer; environmentally fragile

Government: semi-presidential republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Madagascar, providing preferential market access for UK exporters.

Geographic Region

Africa

Trading Bloc Memberships

Madagascar is a member of the following trade agreements and economic blocs.

AfCFTA African Continental Free Trade Area Free Trade Area COMESA Common Market for Eastern and Southern Africa Free Trade Area UK Agreement

Export Guidance

Relevant guidance for exporting to Madagascar.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇩🇿 Algeria 🇧🇼 Botswana FTA 🇨🇲 Cameroon FTA 🇪🇬 Egypt FTA 🇸🇿 Eswatini FTA 🇪🇹 Ethiopia 🇬🇭 Ghana FTA 🇨🇮 Ivory Coast FTA

Official Resources

Government export support for Madagascar.

great.gov.uk Market Guide → GOV.UK Country Information →
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