Demand for goods and services
Madagascar has shown a moderate demand for UK goods and services, which UK businesses looking to export could benefit from.
Top five UK goods exported to Madagascar , in the four quarters to the end of Q2 2024
| Goods | Value (£ million ) |
|---|---|
| General industrial machinery (intermediate) | |
| Textile fabrics | |
| Other miscellaneous manufactures (intermediate) | |
| Telecoms & sound equipment (capital) | |
| Other manufactures (intermediate) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: October 2024
Download the latest trade and investment factsheet for Madagascar.
Total import value (into the UK from Madagascar) and export value (from the UK into Madagascar) over time
| Year | Imports (£ million ) | Exports (£ million ) | Total trade (£ million ) |
|---|---|---|---|
| 2016 | 86.0 | 26.0 | 112.0 |
| 2017 | 33.0 | 47.0 | 80.0 |
| 2018 | 33.0 | 25.0 | 58.0 |
| 2019 | 35.0 | 27.0 | 62.0 |
| 2020 | 26.0 | 16.0 | 42.0 |
| 2021 | 28.0 | 24.0 | 52.0 |
| 2022 | 47.0 | 37.0 | 84.0 |
| 2023 | 38.0 | 19.0 | 57.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2024
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Madagascar.
Madagascar: at a glance
Economic growth
4%
Actual figure (IMF, 2022)
The UK is 4.3% (IMF, 2022, actual figure)
GDP per capita
$536
Actual figure (IMF, 2018)
The UK is $43,275 (IMF, 2018, actual figure)
Currency
Malagasy Ariary
Business language
French, Malagasy
You may need a translator
Time zone
GMT +3
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