Trade and economic cooperation

According to the information of the State Statistics Service of Ukraine, in 2017 trade turnover in goods between Ukraine and Madagascar made 2,1 million USD, decreasing by 15,4% in comparison with 2016. Export of commodities from Ukraine to Madagascar made 699 thousand USD decreasing by 30,6%, and import of goods from Madagascar to Ukraine made 1,4 million USD decreasing by 5,1%. Bilateral trade balance was negative for Ukraine and amounted 702 thousand USD.

In 2018 trade turnover in goods between Ukraine and Madagascar made 2,3 million USD, increasing by 8,4% in comparison with 2017. Export of commodities from Ukraine to Madagascar made 1,1 million USD increasing by 55,9% and import of goods from Madagascar to Ukraine made 1,2 million USD decreasing by 15,2%.

During the period of January-May of 2019 trade turnover in goods between Ukraine and Madagascar made 1,8 million USD, increasing 1,7-fold in comparison with the same period of 2018. Export of commodities from Ukraine to Madagascar made 1,4 million USD increasing almost 5,2-fold and import of goods from Madagascar to Ukraine made 370 thousand USD decreasing by 43,3%. Bilateral trade balance was positive for Ukraine and amounted 1 million USD.