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 & Investment Summary

U.S. goods exports to Madagascar in 2022 were $85 million, up 51.4 percent ($29 million) from 2021 and up 32 percent from 2012. U.S. goods imports from Madagascar totaled $913 million in 2022, up 35.6 percent ($240 million) from 2021, and up 731 percent from 2012.  The U.S. goods trade deficit with Madagascar was $828 million in 2022, a 34.2 percent increase ($211 million) over 2021.

U.S. foreign direct investment (FDI) in Madagascar (stock) was $14 million in 2022, unchanged from 2021.


  • Data on U.S. FDI in Madagascar are unavailable.
  • No data on Madagascar's FDI in the U.S. are available

NOTE: No services trade data with Madagascar are available.