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Madagascar

Madagascar ranked No. 95 in total trade value through February with a total of $178.57 million. Exports totaled $4.7 million and Imports totaled $173.88 million, a deficit of $169.18 million.

January – February 2019

Top Trading Ports

Total Trade: $178.57 million

RankPortTotal YTD
1Chicago O’Hare International Airport $28,986,710
2Port of Newark $25,747,048
3John F. Kennedy International Airport $23,320,898
4Houston’s George Bush Intercontinental Airport, Texas $11,634,397
5Rouses Point / Lacolle Border Crossing, N.Y. $10,642,813
6Port of Gulfport, Miss. $9,825,650
7Port of Baltimore, Md. $9,319,161
8Port of Savannah, Ga. $8,999,964
9Port of Houston $7,887,331
10Port of Virginia $5,718,496

U.S. trade with Madagascar rose to $178.57 million through February

Madagascar’s trade with the United States rose to $178.57 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.6 percent below its total trade during the same time period last year. Madagascar’s exports decreased 39.43 percent while imports fell 3.09 percent. The U.S. deficit with Madagascar was $169.18 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Houston’s George Bush Intercontinental Airport, Texas; and No. 5 Rouses Point / Lacolle Border Crossing, N.Y.. 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 New Orleans. In the current time period, the top five accounted for 56.19 percent of Madagascar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 99.33 percent to $28.99 million.
    Exports rose 259.54 percent to $210,530. Imports rose 98.69 percent to $28.78 million.
  • Trade with No. 2 Port of Newark rose 6.55 percent to $25.75 million.
    Exports totaled $57,320. Imports rose 6.31 percent to $25.69 million.
  • Trade with No. 3 John F. Kennedy International Airport fell 50.47 percent to $23.32 million.
    Exports fell 96.93 percent to $45,537. Imports fell 48.96 percent to $23.28 million.
  • Trade with No. 4 Houston’s George Bush Intercontinental Airport, Texas rose 2461.5 percent to $11.63 million.
    Exports rose 179.82 percent to $32,501. Imports rose 2521.38 percent to $11.6 million.
  • Trade with No. 5 Rouses Point / Lacolle Border Crossing, N.Y. rose 80.52 percent to $10.64 million.
    There were no exports. Imports rose 80.52 percent to $10.64 million.

Madagascar ranked No. 95 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 90.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Madagascar by value through February were the categories of Taps, cocks and valves for pipes, tanks; Misc. chemical reaction initiators, accelerators; Plastics; Worn clothing, other worn textile articles; and Pumps for dispensing liquids, respectively. They accounted for 59.08 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; Precious stones; Cobalt articles, including scrap; and Women’s or girls’ suits, not knit –– accounted for 80.81 percent of all inbound shipments.

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

  • Taps, cocks and valves for pipes, tanks rose 143.76 percent compared to last year to $1.31 million.
  • Misc. chemical reaction initiators, accelerators totaled $827,950. The previous year, there were no exports in this category.
  • Plastics rose 631.53 percent compared to last year to $238,770.
  • Worn clothing, other worn textile articles rose 1.87 percent compared to last year to $208,775.
  • Pumps for dispensing liquids fell 57.39 percent compared to last year to $184,336.

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

  • Vanilla Beans fell 21.02 percent compared to last year to $99.99 million.
  • Titanium Ores and Concentrates 2614 rose 143.86 percent compared to last year to $13.89 million.
  • Precious stones rose 413.95 percent compared to last year to $10.37 million.
  • Cobalt articles, including scrap rose 18.06 percent compared to last year to $9.04 million.
  • Women’s or girls’ suits, not knit fell 8.28 percent compared to last year to $7.22 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.