As per the 2009 estimates, Madagascar’s total export is worth $1.04 billion. This is approximately $0.25 billion less than the previous year’s data. The country ranks 148 in the world in terms of total export volume (2009 estimates). Being a predominantly agrarian economy, cash crops dominate the country’s export list. Some of the major export crops are coffee, sugar and vanilla. Apart from agricultural products, Madagascar exports petroleum products and chromite ore.
According to 2008 data available with the CIA World Factbook, France is the largest export partner of Madagascar. It accounts for a share of approximately 39% of the total export volume. The country has had healthy trade relations with France since the colonial era. Other major export partners are the US and Germany, which represent shares of 20.3% and 5%, respectively.
Madagascar’s trade imports stand at $1.836 billion (2009 estimates). The country ranks 153 in the world in terms of total import volumes. Madagascar has an insignificant industrial sector. Thus, the country has to import a large portion of the manufactured products it consumes. Major items of import for Madagascar are consumer goods, heavy machinery, capital goods and food.