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, have a Trade & Investment Framework Agreement (TIFA).

U.S.-Madagascar Trade Facts

Madagascar is currently our 134th largest goods trading partner with $224.4 million in total (exports plus imports) goods trade during 2010. Goods exports totaled $116 million; Goods imports totaled $108.4 million. The U.S. goods trade deficit with Madagascar was $7.6 million in 2010.

Exports

Madagascar was the United States' 138th largest goods export market in 2010.

U.S. goods exports to Madagascar in 2010 were $116 million, up 9.6% from 2009.

The top export categories (2-digit HS) for 2010 were: Machinery ($63.6 million), Fats and Oils ($8.7 million), Railway and Traffic Sign Equipment ($7.7 million), Aircrafts and Spacecrafts ($5.9 million), and Optic and Medical Instruments ($5 million).

Imports

Madagascar was the United States' 121st largest supplier of goods imports in 2010.

U.S. goods imports from Madagascar totaled $108.4 million in 2010, a 57% decrease from 2009.

The top import categories (2-digit HS) for 2010 were: Spices, Coffee, and Tea ($28.8 million), Woven Apparel ($28.5 million), Knit Apparel ($26.4 million), Precious Stones and Metals ($13.2 million), and Perfumery, Cosmetics, Etc. ($2.8 million).

Trade Balance

The U.S. goods trade surplus with Madagascar was $17.6 million in 2010, 105% greater than in 2009.