Exporting guide to

Madagascar

Overview

Madagascar is an island located off the East African coast, close to Mozambique, Reunion and Mauritius. The economy mainly revolves around tourism, textiles, agriculture and mining.

Trade statistics

£19.0 million total UK exports to Madagascar for the four quarters to the end of Q3 2023

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: January 2024)

186th largest UK export market

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: January 2024)

less than 0.1% of total UK exports for the four quarters to the end of Q3 2023

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: January 2024)

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 Q3 2023

Goods Value (£ million )
General industrial machinery (intermediate) 3.5
Telecoms & sound equipment (capital) 1.6
Other miscellaneous manufactures (intermediate) 1.5
Scientific instruments (capital) 1.5
Other manufactures (intermediate) 1.5

Source: ONS Trade in goods: country-by-commodity exports
Last updated: February 2024
Download the latest trade and investment factsheet for Madagascar.

Madagascar: at a glance

Economic growth

4%

Actual figure (IMF, 2022)
The UK is 4.1% (IMF, 2022, actual figure)

GDP per capita

$536

Actual figure (IMF, 2018)
The UK is $43,378 (IMF, 2018, actual figure)

Currency

Malagasy Ariary

Business language

French, Malagasy

You may need a translator

Time zone

GMT +3

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