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 Q1 2023
| Goods | Value (£million) |
|---|---|
| General industrial machinery (intermediate) | |
| Scientific instruments (capital) | |
| Telecoms & sound equipment (capital) | |
| Textile fabrics | |
| Specialised machinery (capital) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: July 2023
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 | 19.0 | 43.0 |
| 2022 | 43.0 | 18.0 | 61.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: July 2023
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
4.2%
Actual figure (IMF, 2022)
The UK is 4.0% (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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