2022
Exports
$1.62MWorld Rnk 74 / 149
Flag Rnk 109 / 803
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$187MWorld Rnk 49 / 208
Flag Rnk 3 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $1.62M in Palm Oil, making it the 74th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 109th most exported product in Madagascar. The main destination of Palm Oil exports from Madagascar are: Switzerland ($924k), Mauritius ($689k), and France ($1.87k).

The fastest growing export markets for Palm Oil of Madagascar between 2021 and 2022 were Mauritius ($483k) and Switzerland ($164k).

Imports In 2022, Madagascar imported $187M in Palm Oil, becoming the 49th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 3rd most imported product in Madagascar. Madagascar imports Palm Oil primarily from: Malaysia ($165M), Indonesia ($11.9M), Argentina ($9.64M), Singapore ($565k), and Mauritius ($167k).

The fastest growing import markets in Palm Oil for Madagascar between 2021 and 2022 were Malaysia ($29.6M), Argentina ($9.64M), and Indonesia ($1.74M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Palm Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.62M
IMPORTS (2022)$187M
NET TRADE (2022)-$186M

In 2022, Madagascar exported $1.62M in Palm Oil. The main destinations of Madagascar exports on Palm Oil were Switzerland ($924k), Mauritius ($689k), and France ($1.87k).

In 2022, Madagascar imported $187M in Palm Oil, mainly from Malaysia ($165M), Indonesia ($11.9M), Argentina ($9.64M), Singapore ($565k), and Mauritius ($167k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Mauritius$483k (234%)
Switzerland$164k (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Madagascar WERE (2021 - 2022):
France-$18.5k (-90.8%)
Germany-$5.61k (-100%)
Australia-$2.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Palm Oil were:
In 2022, Madagascar's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $10.4k
TOP IMPORT POTENTIALIndonesia+ $9.74M

Palm Oil’s highest export potential is France. With an export gap of $10.4k.   Palm Oil’s highest import potential is Indonesia with an import gap of $9.74M.

See methodology.

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