Major exports coffee, vanilla, cloves, shellfish, and sugar. Main markets France, United States, Germany, and Japan. Imports: Estimated at US$614 million in 1992. Major imports intermediate manufactures, capital goods, petroleum, consumer goods, food.

Does Madagascar import food?

Madagascar – Food imports as a share of merchandise imports In 2019, food imports for Madagascar was 14.6 %. Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).

How much does Madagascar import in a year?

Given Madagascar’s population of 27.6 million people, its total $3.2 billion in 2020 imports translates to roughly $120 in yearly product demand from every person in the East African country. The following product groups represent the highest dollar value in Madagascar’s import purchases during 2020.

Where does Madagascar get most of its goods from?

From a continental perspective, 61.1% of Madagascar’s total imports by value in 2020 were purchased from Asian countries. European trade partners supplied 21.1% of import purchases by Madagascar while 12.4% worth of goods originated from fellow African traders.

Who are the main trading partners of Madagascar?

Country of France is Madagascar’s main trading partner, although the Japan, Germany and United States also have strong economic ties to the republic of Madagascar. The Madagascar- Business Council was formed in May 2003, as a collaboration between Malagasy artisan producers and USAID to support the export of local handicrafts to foreign markets.

Are there any other countries that are near Madagascar?

Neighboring islands near Madagascar includes the French territory of Réunion and the country of Mauritius to the east, the French territory of Mayotte to the north west and the state of Comoros .