United States / Madagascar

Overview In June 2024, United States exported $2.08M and imported $46.6M from Madagascar, resulting in a negative trade balance of $44.5M. Between June 2023 and June 2024 the exports of United States have decreased by $-1.8M (-46.4%) from $3.89M to $2.08M, while imports decreased by $-4.17M (-8.21%) from $50.8M to $46.6M.

Trade In June 2024, the top exports of United States to Madagascar were Liquid Pumps ($2.93M), Starch Residue ($356k), Transmissions ($312k), Soybean Meal ($205k), and Vehicle Bodies (including cabs) for the... ($169k). In June 2024 the top imports of United States from Madagascar were Vanilla ($11.9M), Non-Knit Men's Suits ($9.86M), Precious Stones ($8.71M), Non-Knit Men's Shirts ($7.23M), and Non-Knit Women's Suits ($4.62M).

Origins In June 2024 the exports of United States were mainly from Texas ($458k), Utah ($179k), Louisiana ($172k), Pennsylvania ($142k), and New York ($127k), while imports destinations were mainly Florida ($8.77M), New Jersey ($8.64M), Maryland ($5.81M), New York ($4.33M), and California ($3.64M).

Growth In June 2024, the decrease in United States's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Valves ($-347k or -73.1%), Commodities not elsewhere specified ($-333k or -80.1%), and Other Measuring Instruments ($-232k or -79.8%). In June 2024, the decrease in United States's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Vanilla ($-18.8M or -61.1%), Titanium Ore ($-9.19M or -72.1%), and Knit T-shirts ($-902k or -24.5%).