Madagascar: Exports, billion dollars

* indicates monthly or quarterly data series
 Madagascar

Exports of goods and services, billion USD

 Latest value 5.22
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 1.24
 Min - Max 0.07 - 5.22
 Source The World Bank
The latest value from 2023 is 5.22 billion U.S. dollars, an increase from 4.65 billion U.S. dollars in 2022. In comparison, the world average is 179.17 billion U.S. dollars, based on data from 138 countries. Historically, the average for Madagascar from 1960 to 2023 is 1.24 billion U.S. dollars. The minimum value, 0.07 billion U.S. dollars, was reached in 1960 while the maximum of 5.22 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Madagascar - Exports, billion dollars - Recent values chart

Historical series
Madagascar - Exports, billion dollars - historical chart - 1960-2023




Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 81.81 2021 percent
 Trade openness 71.59 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 32.53 2023 percent
 Exports, billion dollars 5.22 2023 billion U.S. dollars
 Growth of exports 3.35 2023 percent
 Imports, percent of GDP 39.06 2023 percent
 Imports, billion dollars 6.26 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.59 2023 percent
 Foreign Direct Investment, billion dollars 0.47 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -4.50 2023 percent
 Current account, in dollars -0.83 2022 billion U.S. dollars
 Trade balance, percent of GDP -6.53 2023 percent
 Trade balance, in dollars -1.35 2022 billion U.S. dollars
 Reserves 2.63 2023 billion U.S. dollars
 Remittances, percent of GDP 2.37 2023 percent
 Remittances 380.00 2023 million U.S. dollars
 Net errors and omissions -24.57 2022 million USD
 External debt 39.91 2022 percent
 Short-term external debt 3.03 2022 percent
 Short-term debt to reserves 8.32 2022 percent
 Foreign exchange reserves 2.65 8/2024 billion
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