AGOA Status
Madagascar is 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.
Madagascar Trade Summary
U.S. goods and services trade with Madagascar totaled an estimated $868.7 million in 2024, up 1.7 percent ($14.1 million) from 2023.
U.S. total goods trade (exports plus imports) with Madagascar was an estimated $784.7 million in 2024. U.S. goods exports to Madagascar in 2024 were $53.0 million, down 13.8 percent ($8.5 million) from 2023. U.S. goods imports from Madagascar in 2024 totaled $731.7 million, up 1.5 percent ($10.6 million) from 2023. The U.S. goods trade deficit with Madagascar was $678.8 million in 2024, a 2.9 percent increase ($19.1 million) over 2023.
U.S. total services trade (exports plus imports) with Madagascar totaled an estimated $84 million in 2024. U.S. services exports to Madagascar in 2024 were $47 million, up 14.6 percent ($6 million) from 2023. U.S. services imports from Madagascar in 2024 were $37 million, up 19.4 percent ($6 million) from 2023. The U.S. services trade surplus with Madagascar was $10 million in 2024, unchanged from 2023.
