Madagascar - Trade Openness 2024
54.98%
−6.15% from 2023
Madagascar's trade openness was 54.98% in 2024, decreased +6.15% from 61.13% in 2023. This was the 47th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 2.00% | -19.3% |
| 2nd | Haiti | 22.25% | -27.7% |
| 3rd | United States | 25.38% | 0.3% |
| 4th | Bangladesh | 26.78% | -13.6% |
| 5th | Pakistan | 27.58% | -3.1% |
| 6th | Argentina | 27.93% | 4.7% |
| 7th | Turkmenistan | 28.73% | -15.7% |
| 8th | Cameroon | 34.40% | -9.2% |
| 9th | Brazil | 35.58% | 5.7% |
| 10th | Colombia | 37.03% | -8.3% |
| 11th | China | 37.20% | 3.0% |
| 12th | Guinea-Bissau | 38.81% | -4.1% |
| 13th | Russian Federation | 39.51% | -3.2% |
| 14th | Egypt, Arab Republic of | 39.60% | -2.1% |
| 15th | Algeria | 40.13% | -8.2% |
| 16th | Kenya | 40.19% | -2.3% |
| 17th | New Caledonia | 40.37% | -21.8% |
| 18th | Nepal | 40.53% | -2.5% |
| 19th | Sierra Leone | 40.55% | -26.7% |
| 20th | Benin | 40.64% | -9.0% |
| 21st | Zimbabwe | 41.49% | 3.0% |
| 22nd | Tanzania | 41.51% | 8.6% |
| 23rd | Gambia, The | 42.17% | 5.5% |
| 24th | Sri Lanka | 42.40% | -2.6% |
| 25th | Indonesia | 42.57% | 3.0% |
| 26th | Uganda | 42.65% | 27.9% |
| 27th | Comoros | 44.37% | -2.9% |
| 28th | India | 44.65% | -0.8% |
| 29th | Japan | 46.41% | 2.8% |
| 30th | Central African Republic | 46.43% | 6.8% |
| 31st | Bolivia, Plurinational State of | 46.98% | -5.3% |
| 32nd | Australia | 47.15% | -3.9% |
| 33rd | Guatemala | 47.34% | -2.0% |
| 34th | Chad | 47.87% | 2.1% |
| 35th | Mali | 49.90% | -13.3% |
| 36th | Niger | 49.98% | 7.5% |
| 37th | Angola | 50.84% | -4.1% |
| 38th | New Zealand | 51.22% | 1.6% |
| 39th | Côte d'Ivoire | 51.26% | 5.0% |
| 40th | Peru | 51.48% | 1.4% |
| 41st | Dominican Republic | 51.78% | 3.9% |
| 42nd | Iran, Islamic Republic of | 52.06% | 5.4% |
| 43rd | Uruguay | 52.46% | -0.8% |
| 44th | Israel | 54.45% | -6.1% |
| 45th | Türkiye | 54.60% | -16.9% |
| 46th | Saudi Arabia | 54.68% | 0.9% |
| 47th | Madagascar | 54.98% | -10.1% |
| 48th | Kazakhstan | 57.16% | -8.3% |
| 49th | Ecuador | 57.20% | 0.4% |
| 50th | Burkina Faso | 60.50% | -4.2% |
| 51st | Equatorial Guinea | 60.54% | -1.5% |
| 52nd | Uzbekistan | 60.73% | -8.1% |
| 53rd | South Africa | 61.65% | -6.1% |
| 54th | Zambia | 62.53% | -20.1% |
| 55th | Italy | 62.82% | -3.5% |
| 56th | United Kingdom | 62.84% | -3.3% |
| 57th | Chile | 63.86% | 5.2% |
| 58th | French Polynesia | 64.47% | -10.1% |
| 59th | Canada | 65.15% | -2.2% |
| 60th | Philippines | 65.89% | -2.3% |
| 61st | France | 68.11% | -3.6% |
| 62nd | Senegal | 68.14% | -4.6% |
| 63rd | Ghana | 69.79% | 8.4% |
| 64th | Spain | 69.95% | -2.6% |
| 65th | Rwanda | 69.95% | 7.8% |
| 66th | Iraq | 70.71% | 1.8% |
| 67th | Botswana | 71.11% | 3.3% |
| 68th | Costa Rica | 71.33% | -1.6% |
| 69th | Mexico | 74.59% | 1.4% |
| 70th | Bermuda | 75.29% | 2.3% |
| 71st | Paraguay | 76.83% | -6.8% |
| 72nd | Romania | 77.21% | -7.4% |
| 73rd | Ukraine | 77.75% | 0.3% |
| 74th | Germany | 79.09% | -3.5% |
| 75th | Bahamas, The | 79.24% | 3.5% |
| 76th | Albania | 79.45% | -3.5% |
| 77th | Samoa | 79.52% | -1.6% |
| 78th | West Bank and Gaza | 81.31% | 2.2% |
| 79th | Norway | 81.36% | 1.2% |
| 80th | Azerbaijan | 82.69% | -1.0% |
| 81st | Finland | 83.46% | -2.5% |
| 82nd | Panama | 83.67% | -5.3% |
| 83rd | Korea | 84.64% | 2.9% |
| 84th | El Salvador | 84.66% | 3.6% |
| 85th | Iceland | 85.97% | -1.6% |
| 86th | Moldova | 88.67% | -5.7% |
| 87th | Portugal | 89.70% | -3.7% |
| 88th | Greece | 89.78% | -2.9% |
| 89th | Honduras | 91.11% | -7.8% |
| 90th | European Union | 91.65% | -3.7% |
| 91st | Gabon | 92.05% | 0.6% |
| 92nd | Morocco | 92.19% | -1.0% |
| 93rd | Congo, Republic of | 93.19% | -3.1% |
| 94th | Mauritania | 93.60% | 1.6% |
| 95th | Puerto Rico (US) | 94.62% | -6.9% |
| 96th | Bosnia and Herzegovina | 95.16% | -4.5% |
| 97th | Timor-Leste | 95.45% | 6.9% |
| 98th | Mozambique | 95.66% | -9.8% |
| 99th | Cabo Verde | 96.51% | 1.5% |
| 100th | Guinea | 97.78% | 2.0% |
| 101st | Micronesia, Federated States of | 98.42% | 0.6% |
| 102nd | Nicaragua | 98.53% | -6.2% |
| 103rd | Jordan | 99.68% | -0.7% |
| 104th | Poland | 100.36% | -8.8% |
| 105th | Congo, Democratic Republic of | 100.55% | 15.9% |
| 106th | Georgia | 103.46% | -3.4% |
| 107th | Croatia | 104.91% | -2.2% |
| 108th | Faroe Islands | 105.75% | -6.7% |
| 109th | Sweden | 105.88% | -1.6% |
| 110th | Tunisia | 106.30% | -5.2% |
| 111th | Eswatini | 107.48% | 7.8% |
| 112th | Austria | 108.83% | -5.5% |
| 113th | Belize | 108.97% | 2.4% |
| 114th | Namibia | 109.63% | -1.0% |
| 115th | Montenegro | 109.94% | -5.9% |
| 116th | Bulgaria | 110.23% | -8.1% |
| 117th | Solomon Islands | 111.35% | 10.1% |
| 118th | Serbia | 111.73% | -2.4% |
| 119th | Kosovo | 113.79% | 3.5% |
| 120th | Oman | 114.85% | 7.9% |
| 121st | Marshall Islands | 123.81% | 4.5% |
| 122nd | Cuba | 124.86% | 3.6% |
| 123rd | Kyrgyz Republic | 127.65% | -3.6% |
| 124th | Libya | 128.82% | -19.2% |
| 125th | Somalia, Fed. Rep. | 130.33% | 26.4% |
| 126th | Czechia | 131.48% | -0.3% |
| 127th | Denmark | 131.77% | 1.7% |
| 128th | Belarus | 131.92% | 0.3% |
| 129th | Latvia | 132.26% | -2.5% |
| 130th | Brunei Darussalam | 132.59% | -3.1% |
| 131st | Switzerland | 134.10% | -0.9% |
| 132nd | North Macedonia | 136.32% | -7.8% |
| 133rd | Thailand | 136.75% | 6.2% |
| 134th | Malaysia | 137.36% | 3.6% |
| 135th | Mongolia | 138.45% | -3.1% |
| 136th | Macao SAR, China | 142.08% | -2.6% |
| 137th | Lithuania | 143.05% | -4.0% |
| 138th | Cambodia | 143.45% | 6.9% |
| 139th | Mauritius | 145.42% | -1.3% |
| 140th | Hungary | 146.50% | -7.5% |
| 141st | Armenia | 150.06% | 21.6% |
| 142nd | Estonia | 151.04% | -2.3% |
| 143rd | Netherlands | 153.83% | -6.8% |
| 144th | Slovenia | 155.66% | -2.8% |
| 145th | Maldives | 156.47% | 4.8% |
| 146th | Bahrain | 157.82% | 0.2% |
| 147th | Belgium | 158.93% | -4.2% |
| 148th | Aruba | 160.37% | 0.8% |
| 149th | Nauru | 165.85% | 15.2% |
| 150th | Slovak Republic | 171.21% | -5.6% |
| 151st | Viet Nam | 173.86% | 5.5% |
| 152nd | Seychelles | 188.37% | 4.2% |
| 153rd | Cyprus | 190.40% | -0.2% |
| 154th | Malta | 218.17% | -1.3% |
| 155th | Djibouti | 241.24% | -15.6% |
| 156th | Ireland | 246.17% | 2.7% |
| 157th | Singapore | 322.37% | -1.0% |
| 158th | Luxembourg | 351.27% | -12.7% |
| 159th | Hong Kong SAR, China | 359.51% | 1.8% |
FAQ
What was Madagascar's trade openness in 2024?▾
Madagascar's trade openness in 2024 was 54.98%. This ranked 47th globally.
How did Madagascar's trade openness change in 2024?▾
Madagascar's trade openness decreased by 10.1% in 2024 compared to 2023.
Which country had the highest trade openness in 2024?▾
Hong Kong SAR, China had the highest trade openness in 2024 at 359.51%.
What is the trade openness of Madagascar in 2024?▾
The trade openness of Madagascar in 2024 was 54.98%. This ranked 47th globally.
How does 2024 compare to 2023 for Madagascar's trade openness?▾
Madagascar's trade openness went from 61.13% in 2023 to 54.98% in 2024, a 10.1% decrease.
Related
2023
2025
All years
Full ranking 2024
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2008
Lowest: 1983
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Malawi
vs Central African Republic
vs Eritrea
vs Mozambique
African Union Trade Openness
Global Ranking