• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 119.24mn
is value of Madagascar's exports to India in 2019-20

US$ 404mn

bilateral trade value for 2020-2021

17,500
Overseas Indians living in Madagascar

Concurrent Accreditation The Mission in Madagascar also handles India's bilateral relations with Comoros

Strategically located

between Asia and Africa and on major maritime routes

5,000 km

of beaches and forests fauna and flora for tourism related businesses

Antsiranana

is one of the finest natural harbours in the world

Mining

opportunities in gemstones, industrial and decorative stones, oil, and rare metals

Energy

Abundance of rivers, wind and sun as sources of renewable energy

Trade

agreements and preferential treatment granted to Madagascar allows it unique access to American and European markets

India's Exports and Imports to Madagascar

Values in US $ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 167.19 197.05 213.7 228.11 196.38
2 %Growth 17.86 8.45 6.75 -13.91
3 India’s Total Export 3,10,338.48 2,62,291.09 2,75,852.43 3,03,526.16 3,30,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.05 0.08 0.08 0.08 0.06
6 IMPORT 95.29 141.74 119.82 167.67 293.11
7 %Growth 48.74 -15.47 39.94 74.82
8 India’s Total Import 4,48,033.41 3,81,007.76 3,84,357.03 4,65,580.99 5,14,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.02 0.04 0.03 0.04 0.06
11 TOTAL TRADE 262.48 338.78 333.51 395.78 489.49
12 %Growth 29.07 -1.56 18.67 23.68
13 India’s Total Trade 7,58,371.89 6,43,298.84 6,60,209.46 7,69,107.15 8,44,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.03 0.05 0.05 0.05 0.06
16 TRADE BALANCE 71.9 55.31 93.88 60.44
17 India’s Trade Balance -1,37,694.93 -1,18,716.67 -1,08,504.60 -1,62,054.83 -1,84,000.33

 

Economic Development Board of Madagascar

+261-20-2267040; +261-20-2268121

Visit Website

Immeuble Edbm, Avenue Gal Gabriel Ramanantsoa Antaninarenina, Antananarivo, Madagascar

Embassy of India, Antananarivo

+261-20-2223334; +261-20-2227156

Visit Website

4, Lalana Rajaonson Emile
Tsaralalana Bp 1787, Antananarivo
Madagascar

Commercial Representative

+261-33-1512248

Mr. Joseph K.O
Attache/CR

Commercial Representative

+261-20-2223334

Mr. Rokotoson Tsiri
Marketing Assistant

Opportunities

Agricultural exports

Minerals

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Madagascar
  • Coffee and tea
  • Spices
  • Vegetables
  • Salt
  • Sulphur and Earth
  • Gems
  • Essential oils
  • Base metals
India's top export to Madagascar
  • Cereals
  • Apparel
  • Iron and Steel
  • Cotton
  • Pharmaceutical products
  • Products for the milling industry
  • Sugar and confectionery

Bilateral Investors

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