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Madagascar

Madagascar ranked No. 99 in total trade value through October with a total of $853.11 million. Exports totaled $106.61 million and Imports totaled $746.5 million, a deficit of $639.88 million.

January – October 2018

Top Trading Ports

Total Trade: $853.11 million

RankPortTotal YTD
1John F. Kennedy International Airport $166,526,638
2Port of Baltimore, Md. $149,509,337
3Port of Newark $90,324,786
4Port of Houston $60,894,168
5Chicago O’Hare International Airport $58,013,977
6Port of Freeport, Texas $46,966,875
7Port of Charleston $35,911,780
8Rouses Point / Lacolle Border Crossing, N.Y. $33,100,506
9Port of Gulfport, Miss. $27,830,564
10Port of Savannah, Ga. $26,561,419

U.S. trade with Madagascar rose to $853.11 million through October

Madagascar’s trade with the United States rose to $853.11 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 36.41 percent above its total trade during the same time period last year. Madagascar’s exports increased 151.36 percent while imports rose 28.05 percent. The U.S. deficit with Madagascar was $639.88 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Baltimore, Md.; No. 3 Port of Newark; No. 4 Port of Houston; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Baltimore, Md. No. 2 Port of Newark No. 3 John F. Kennedy International Airport No. 4 Chicago O’Hare International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 61.57 percent of Madagascar’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 148.09 percent to $166.53 million.
    Exports rose 40.63 percent to $2 million. Imports rose 150.42 percent to $164.53 million.
  • Trade with No. 2 Port of Baltimore, Md. rose 24.28 percent to $149.51 million.
    Exports rose 106.54 percent to $457,857. Imports rose 24.13 percent to $149.05 million.
  • Trade with No. 3 Port of Newark rose 10.02 percent to $90.32 million.
    Exports fell 59.03 percent to $415,536. Imports rose 10.89 percent to $89.91 million.
  • Trade with No. 4 Port of Houston rose 178.8 percent to $60.89 million.
    Exports rose 281.51 percent to $36.08 million. Imports rose 100.36 percent to $24.81 million.
  • Trade with No. 5 Chicago O’Hare International Airport fell 1.5 percent to $58.01 million.
    Exports rose 70.16 percent to $1.23 million. Imports fell 2.39 percent to $56.78 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. 104.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Madagascar by value through October were the categories of Petroleum gases, other gaseous hydrocarbons; Taps, cocks and valves for pipes, tanks; Pumps for dispensing liquids; Misc. iron, steel tubes, pipes; and Misc. medical chemical re-agents, respectively. They accounted for 78.99 percent of total exports to Madagascar.

The value of the top five categories of U.S. imports from Madagascar –– Vanilla Beans; Cobalt articles, including scrap; Women’s or girls’ suits, not knit; Titanium Ores and Concentrates 2614; and Men’s or boys’ shirts, not knitted or crocheted –– accounted for 77.35 percent of all inbound shipments.

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

  • Petroleum gases, other gaseous hydrocarbons totaled $66.25 million. The previous year, there were no exports in this category.
  • Taps, cocks and valves for pipes, tanks rose 47.51 percent compared to last year to $8.25 million.
  • Pumps for dispensing liquids rose 3.64 percent compared to last year to $6.03 million.
  • Misc. iron, steel tubes, pipes rose 626.31 percent compared to last year to $2.21 million.
  • Misc. medical chemical re-agents rose 3564.45 percent compared to last year to $1.47 million.

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

  • Vanilla Beans rose 47.46 percent compared to last year to $425.23 million.
  • Cobalt articles, including scrap rose 28.96 percent compared to last year to $57.42 million.
  • Women’s or girls’ suits, not knit rose 31.21 percent compared to last year to $35.04 million.
  • Titanium Ores and Concentrates 2614 fell 11.21 percent compared to last year to $32.67 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 84.14 percent compared to last year to $27.08 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.