Demand for goods and services
Madagascar has shown a moderate demand for UK goods and services, which UK businesses looking to export could benefit from.
Top five UK goods exported to Madagascar, in the four quarters to the end of Q2 2022
| Goods | Value (£million) |
|---|---|
| General industrial machinery (intermediate) | |
| Textile fabrics | |
| Scientific instruments (capital) | |
| Medicinal & pharmaceutical products | |
| Other chemicals |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: November 2022
Download the latest trade and investment factsheet for Madagascar.
Total import value (into the UK from Madagascar) and export value (from the UK into Madagascar) over time
| Year | Imports (£million) | Exports (£million) | Total trade (£million) |
|---|---|---|---|
| 2016 | 86.0 | 25.0 | 111.0 |
| 2017 | 33.0 | 47.0 | 80.0 |
| 2018 | 33.0 | 25.0 | 58.0 |
| 2019 | 35.0 | 27.0 | 62.0 |
| 2020 | 26.0 | 12.0 | 38.0 |
| 2021 | 24.0 | 16.0 | 40.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2022
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Madagascar.
Madagascar: at a glance
Economic growth
3.2%
Actual figure (IMF, 2018)
The UK is 1.7% (IMF, 2018, actual figure)
GDP per capita
$536
Actual figure (IMF, 2018)
The UK is $43,719 (IMF, 2018, actual figure)
Currency
Malagasy Ariary
Business language
French, Malagasy
You may need a translator
Time zone
GMT +3
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