Madagascar

AGOA Status: Madagascar is not eligible for AGOA this year.

Trade Agreements: The U.S. and the Common Market for Eastern and Southern Africa (COMESA), which includes Madagascar, signed a Trade and Investment Framework Agreement (TIFA) in 2001.

U.S.-Madagascar Trade Facts

Madagascar is currently our 159th largest goods trading partner with $143 million in total (exports plus imports) goods trade during 2011.

Exports

Madagascar was the United States' 166th largest goods export market in 2011.

U.S. goods exports to Madagascar in 2011 were $56 million, down 51.7% from 2010.

The top export categories (2-digit HS) for 2010 were: Machinery ($21 million), Fats and Oils (vegetable oil) ($6 million), Cereals (rice and wheat) ($6 million), Aircrafts ($4 million), and Vehicles ($3 million).

Imports

Madagascar was the United States' 129th largest supplier of goods imports in 2011.

U.S. goods imports from Madagascar totaled $87 million in 2011, a 19.6% decrease from 2010.

The top import categories (2-digit HS) for 2011 were: Knit Apparel ($29 million), Spices, Coffee, and Tea (vanilla beans) ($28 million), Woven Apparel ($11 million), Precious Stones and Metals ($5 million), and Perfumery, Cosmetics, Etc. ($4 million).

Trade Balance

The U.S. goods trade deficit with Madagascar was $31 million in 2011. It was a surplus of $8 million in 2010.