Madagascar

Madagascar ranked No. 100 in total trade value through May with a total of $329.13 million. Exports totaled $15.11 million and Imports totaled $314.02 million, a deficit of $298.9 million.

U.S. trade with Madagascar rose to $283.72 million through May

Madagascar’s trade with the United States rose to $283.72 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 23.16 percent below its total trade during the same time period last year. U.S. exports to Madagascar increased 25.49 percent while U.S. imports from Madagascar fell 24.65 percent. The U.S. deficit with Madagascar was $256.16 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Chicago O’Hare International Airport; No. 4 Port of Virginia; and No. 5 Dulles International Airport, Washington D.C., Va.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Chicago O’Hare International Airport; No. 4 Port of Baltimore, Md. and No. 5 Port of Virginia. In the current time period, the top five accounted for 60.12 percent of Madagascar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 19.9 percent to $55.44 million.
    Exports rose 389.79 percent to $2.73 million. Imports fell 23.22 percent to $52.71 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 42.56 percent to $46.26 million.
    Exports fell 40.71 percent to $1.23 million. Imports fell 42.61 percent to $45.03 million.
  • Trade with No. 3 Chicago O’Hare International Airport fell 28.81 percent to $39.75 million.
    Exports rose 24.64 percent to $443,311. Imports fell 29.15 percent to $39.31 million.
  • Trade with No. 4 Port of Virginia fell 0.55 percent to $29.01 million.
    Exports rose 21.34 percent to $146,363. Imports fell 0.65 percent to $28.86 million.
  • Trade with No. 5 Dulles International Airport, Washington D.C., Va. rose 2.67 percent to $27.42 million.
    Exports rose 347.22 percent to $728,959. Imports rose 0.55 percent to $26.69 million.

Madagascar ranked No. 100 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 101.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Madagascar by value through May were the categories of Pumps for dispensing liquids; Taps, cocks and valves for pipes, tanks; Books, brochures; Returned exports, with change; and Misc. medical chemical re-agents, respectively. They accounted for 32.99 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; Men’s or boys’ slacks, suits, not knit; Men’s or boys’ shirts, not knitted or crocheted; and Women’s or girls’ suits, not knit –– accounted for 73.1 percent of all inbound shipments.

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

  • Pumps for dispensing liquids rose 3.39 percent compared to last year to $1.82 million.
  • Taps, cocks and valves for pipes, tanks fell 42.87 percent compared to last year to $1.37 million.
  • Books, brochures rose 2004.95 percent compared to last year to $655,838.
  • Returned exports, with change rose 157.65 percent compared to last year to $577,660.
  • Misc. medical chemical re-agents rose 36.9 percent compared to last year to $562,791.

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

  • Vanilla Beans fell 40.19 percent compared to last year to $154.36 million.
  • Titanium Ores and Concentrates 2614 fell 2.89 percent compared to last year to $24.63 million.
  • Men’s or boys’ slacks, suits, not knit rose 15.1 percent compared to last year to $21 million.
  • Men’s or boys’ shirts, not knitted or crocheted fell 2.28 percent compared to last year to $15.6 million.
  • Women’s or girls’ suits, not knit fell 22.37 percent compared to last year to $13.94 million.

In the latest annual figures available, Madagascar recorded $912.46 million in trade with the United States. Total U.S. exports to Madagascar were $ 66.37 million and imports from Madagascar were $846.09 million. The U.S. deficit with Madagascar was $779.72 million.