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Madagascar

Madagascar ranked No. 99 in total trade value through August with a total of $667.88 million. Exports totaled $43.03 million and Imports totaled $624.85 million, a deficit of $581.82 million.

January – August 2019

Top Trading Ports

Total Trade: $667.88 million

RankPortTotal YTD
1John F. Kennedy International Airport $100,360,926
2Port of Newark $99,969,064
3Chicago O’Hare International Airport $68,953,289
4Dulles International Airport, Washington D.C., Va. $48,056,645
5Port of Savannah, Ga. $43,880,694
6Port of Baltimore, Md. $41,268,965
7Port of Houston $39,625,232
8Port of Virginia $37,791,305
9Rouses Point / Lacolle Border Crossing, N.Y. $33,197,685
10Port of Gulfport, Miss. $30,326,656

U.S. trade with Madagascar rose to $667.88 million through August

Madagascar’s trade with the United States rose to $667.88 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.19 percent below its total trade during the same time period last year. U.S. exports to Madagascar decreased 57.44 percent while U.S. imports from Madagascar fell 2.76 percent. The U.S. deficit with Madagascar was $581.82 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Chicago O’Hare International Airport; No. 4 Dulles International Airport, Washington D.C., Va.; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Baltimore, Md. No. 3 Port of Newark No. 4 Chicago O’Hare International Airport and No. 5 Port of Houston. In the current time period, the top five accounted for 54.08 percent of Madagascar’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 30.4 percent to $100.36 million.
    Exports rose 33.41 percent to $2.49 million. Imports fell 31.24 percent to $97.87 million.
  • Trade with No. 2 Port of Newark rose 35.26 percent to $99.97 million.
    Exports rose 328.92 percent to $1.58 million. Imports rose 33.79 percent to $98.39 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 20.69 percent to $68.95 million.
    Exports fell 62.62 percent to $429,347. Imports rose 22.4 percent to $68.52 million.
  • Trade with No. 4 Dulles International Airport, Washington D.C., Va. rose 312.06 percent to $48.06 million.
    Exports fell 78.32 percent to $399,510. Imports rose 385.31 percent to $47.66 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 139.83 percent to $43.88 million.
    Exports rose 22.3 percent to $644,017. Imports rose 143.31 percent to $43.24 million.

Madagascar ranked No. 99 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 96.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Madagascar by value through August were the categories of Petroleum gases, other gaseous hydrocarbons; Taps, cocks and valves for pipes, tanks; Pumps for dispensing liquids; Vanilla Beans; and Plastics, respectively. They accounted for 66.56 percent of total exports to Madagascar.

The value of the top five categories of U.S. imports from Madagascar –– Vanilla Beans; Titanium Ores and Concentrates 2614; Cobalt articles, including scrap; Women’s or girls’ suits, not knit; and Men’s or boys’ shirts, not knitted or crocheted –– accounted for 74.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Madagascar:

  • Petroleum gases, other gaseous hydrocarbons fell 71.28 percent compared to last year to $19.03 million.
  • Taps, cocks and valves for pipes, tanks fell 51.27 percent compared to last year to $3.57 million.
  • Pumps for dispensing liquids fell 41.7 percent compared to last year to $2.91 million.
  • Vanilla Beans rose 65.1 percent compared to last year to $2.25 million.
  • Plastics rose 372.73 percent compared to last year to $879,224.

Looking more closely at U.S. imports from Madagascar:

  • Vanilla Beans fell 16.25 percent compared to last year to $327.37 million.
  • Titanium Ores and Concentrates 2614 rose 29.62 percent compared to last year to $42.35 million.
  • Cobalt articles, including scrap fell 11.16 percent compared to last year to $35.72 million.
  • Women’s or girls’ suits, not knit rose 1.4 percent compared to last year to $28.94 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 35.9 percent compared to last year to $28.58 million.

In the latest annual figures available, Madagascar recorded $794.86 million in trade with the United States. At year’s end, its were New York City; Baltimore; St. Louis; Atlanta/Savannah; and Chicago. Total U.S. exports to Madagascar were $ 53.4 million and imports from Madagascar were $741.46 million. The U.S. deficit with Madagascar was $688.05 million.