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Madagascar

Madagascar ranked No. 99 in total trade value through September with a total of $713.62 million. Exports totaled $48.33 million and Imports totaled $665.29 million, a deficit of $616.95 million.

January – September 2019

Top Trading Ports

Total Trade: $713.62 million

RankPortTotal YTD
1Port of Newark $111,239,289
2John F. Kennedy International Airport $107,121,879
3Chicago O’Hare International Airport $69,403,118
4Port of Savannah, Ga. $48,617,589
5Dulles International Airport, Washington D.C., Va. $48,537,656
6Port of Baltimore, Md. $44,214,601
7Port of Houston $44,092,048
8Port of Virginia $40,537,762
9Rouses Point / Lacolle Border Crossing, N.Y. $35,618,180
10Port of Gulfport, Miss. $30,326,656

U.S. trade with Madagascar rose to $713.62 million through September

Madagascar’s trade with the United States rose to $713.62 million through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.84 percent below its total trade during the same time period last year. U.S. exports to Madagascar decreased 53.33 percent while U.S. imports from Madagascar fell 2.05 percent. The U.S. deficit with Madagascar was $616.95 million.

Through September, 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 Savannah, Ga.; 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 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 53.94 percent of Madagascar’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 36.98 percent to $111.24 million.
    Exports rose 654.47 percent to $2.91 million. Imports rose 34.03 percent to $108.33 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 27.07 percent to $107.12 million.
    Exports rose 99.23 percent to $3.92 million. Imports fell 28.78 percent to $103.2 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 20.94 percent to $69.4 million.
    Exports fell 59.24 percent to $471,868. Imports rose 22.59 percent to $68.93 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 129.86 percent to $48.62 million.
    Exports rose 22.3 percent to $644,017. Imports rose 132.61 percent to $47.97 million.
  • Trade with No. 5 Dulles International Airport, Washington D.C., Va. rose 312.86 percent to $48.54 million.
    Exports fell 78.61 percent to $399,510. Imports rose 386.79 percent to $48.14 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. 97.

Meanwhile, total U.S. trade with the world increased to $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Madagascar by value through September were the categories of Petroleum gases, other gaseous hydrocarbons; Taps, cocks and valves for pipes, tanks; Pumps for dispensing liquids; Vanilla Beans; and Transmission shafts, bearings, gears, respectively. They accounted for 66.14 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’ slacks, suits, not knit –– accounted for 72.85 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 41.56 percent compared to last year to $4.69 million.
  • Pumps for dispensing liquids fell 30 percent compared to last year to $3.9 million.
  • Vanilla Beans rose 150.38 percent compared to last year to $3.42 million.
  • Transmission shafts, bearings, gears rose 14.88 percent compared to last year to $926,361.

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

  • Vanilla Beans fell 14.59 percent compared to last year to $338.7 million.
  • Titanium Ores and Concentrates 2614 rose 29.62 percent compared to last year to $42.35 million.
  • Cobalt articles, including scrap fell 20.57 percent compared to last year to $38.27 million.
  • Women’s or girls’ suits, not knit rose 3.17 percent compared to last year to $32.7 million.
  • Men’s or boys’ slacks, suits, not knit rose 37 percent compared to last year to $32.61 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.

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