Goods exports in Madagascar
Madagascar: Goods exports was 2.58 billion BoP, current US$ in 2024. ◆ Volatile
Goods exports in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, goods exports in Madagascar stood at 2.58 billion BoP, current US$.
Compared with earlier readings it is down 16.8% on the previous year and up 17.4% over ten years.
Over the whole period, goods exports in Madagascar peaked at 3.55 billion BoP, current US$ in 2022 and was at its lowest, 240.17 million BoP, current US$, in 1974.
Madagascar ranks 137th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 336.36 million BoP, current US$ | 240.17 million BoP, current US$ | 413.78 million BoP, current US$ | 6 |
| 1980s | 328.92 million BoP, current US$ | 284.50 million BoP, current US$ | 436.44 million BoP, current US$ | 10 |
| 1990s | 381.18 million BoP, current US$ | 317.61 million BoP, current US$ | 504.92 million BoP, current US$ | 10 |
| 2000s | 775.60 million BoP, current US$ | 416.35 million BoP, current US$ | 1.31 billion BoP, current US$ | 10 |
| 2010s | 2.08 billion BoP, current US$ | 1.15 billion BoP, current US$ | 3.04 billion BoP, current US$ | 10 |
| 2020s | 2.77 billion BoP, current US$ | 1.95 billion BoP, current US$ | 3.55 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 134 Rwanda 3.20 billion BoP, current US$ compare
- 135 Palestine 3.01 billion BoP, current US$ compare
- 136 Suriname 2.97 billion BoP, current US$ compare
- 138 San Marino 2.53 billion BoP, current US$ compare
- 139 Mauritius 2.37 billion BoP, current US$ compare
- 140 Eswatini 2.33 billion BoP, current US$ compare
More economy & growth data for Madagascar
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Final consumption expenditure 87.4% (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
- Households and NPISHs final consumption expenditure 72.8% (2025)
- Final consumption expenditure 17.15 billion current US$ (2025)
- Final consumption expenditure 77.70 trillion current LCU (2025)
- Final consumption expenditure 12.67 billion constant 2015 US$ (2025)
- Final consumption expenditure 2.1% (2025)
- Agriculture, forestry, and fishing, value added 5.62 trillion constant LCU (2025)
- Agriculture, forestry, and fishing, value added 3.51 billion constant 2015 US$ (2025)
Frequently asked questions
- What is goods exports in Madagascar?
- Goods exports in Madagascar was 2.58 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods exports recorded in Madagascar?
- The highest recorded value was 3.55 billion BoP, current US$ in 2022.
- What is the lowest goods exports recorded in Madagascar?
- The lowest recorded value was 240.17 million BoP, current US$ in 1974.
- How does Madagascar rank for goods exports?
- Madagascar ranks 137th out of 199 countries with data for 2024.
- Is goods exports rising or falling in Madagascar?
- Over the last ten years it is up 17.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods occur when there are changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.