Exporting to Madagascar

Madagascar is an island located off the East African coast, close to Mozambique, Reunion and Mauritius. In the year to June 2019, the total UK exports to Madagascar amounted to £21 million.

Demand for goods and services

In the year to June 2019, the top goods exported from the UK to Madagascar were textile fabrics, general industrial machinery, telecoms and sound equipment, chemicals and electrical goods. (ONS, 2019). In terms of services, the top services imported by Madagascar from the world were transport, business services, government goods and services, travel and telecommunications, computer and information services (ITC Trade Map, 2019). Therefore, if you operate in one of these industries, then Madagascar could be a good market for you.

Growing export market

Madagascar is expected to have import growth of 8.6% in 2019, with 7.1% expected the year after (IMF, 2019). UK businesses looking to export could benefit from the growing demand for imports in the region.

Ease of doing business

161st

out of 190 countries (World Bank, 2018)

Currency

Malagasy Ariary

Business language

French, Malagasy

You may need a translator

GDP per capita

$459

UK is $42,558 (IMF, 2018)

Economic growth

5.2%

(IMF, 2018)

Time zone

GMT +3

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.