Embassy of Madagascar Washington, DC.

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Presentation transcript:

Embassy of Madagascar Washington, DC. MADAGASCAR TRADE Embassy of Madagascar Washington, DC. September 2018

Trade activities in Madagascar date back in the 7th century where Arab merchants started trading along the northern coast of the island. Madagascar was a trading port for a certain period of time until the Europeans started to mark their presence in the 1500s. Trades with the US started after the establishment of a US consulate in the port city of Toamasina in 1867…

Top 15 Trading Partners (by $ value – in millions - in 2017) 22,5% 18,8%

Main export products to the World (million USD)

MADAGASCAR Trades 18% of Malagasy export 3% of Malagasy imports go to the US (2017) 3% of Malagasy imports are from the US (2017)

Madagascar main imports from the US (million USD) MADAGASCAR trades with the US Madagascar main imports from the US (million USD) Madagascar main exports to the US (million USD) Madagascar is qualified for AGOA (since 2015) and benefits for 6421 tariff lines

Madagascar’s top 10 exports accounted for 86 Madagascar’s top 10 exports accounted for 86.5% of the overall value of its global shipments in 2016. Precious stones and gold, gems and precious metals were the fastest-growing among the top 10 export categories as they rose 170.8% in value from 2016 to 2017. Miscellaneous base metals increased by 112.8% in value thanks to blossoming cobalt exports. Ores, slag and ash category appreciated by 74.5% year over year, principally thanks to strong exports of titanium, chromium and zirconium. Spice, vanilla and cloves propelled the coffee and spices category to take the fourth-fastest gain in value up 57.7%. Nickel is the only product category that experienced a decline, down 9.7% in the latest one-year period.