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Madagascar

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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 151st largest goods trading partner with $174 million in total (exports plus imports) goods trade during 2012. Goods exports totaled $64 million; Goods imports totaled $110 million. The U.S. goods trade deficit with Madagascar was $46 million in 2012.

Exports

Madagascar was the United States' 160th largest goods export market in 2012.

U.S. goods exports to Madagascar in 2012 were $64 million, up 14.3% from 2011.

The top export categories (2-digit HS) for 2012 were: Machinery ($27 million), Cereals (wheat and rice) ($6 million), Electrical Machinery ($5 million), Vehicles ($4 million), and Fats and Oils (soybean oil) ($4 million).

Imports

Madagascar was the United States' 120th largest supplier of goods imports in 2012.

U.S. goods imports from Madagascar totaled $110 million in 2012, a 26.1% increase from 2011.

The top import categories (2-digit HS) for 2012 were: Spices, Coffee, and Tea (vanilla beans) ($46 million), Knit Apparel ($36 million), Precious Stones and Metals ($8 million), Woven Apparel ($7 million), and Cocoa ($3 million).

Trade Balance

The U.S. goods trade deficit with Madagascar was $46 million in 2012, a 47.7% increase from 2011.