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    Madagascar

    Country

    2024-Q3: US$167, Remittances received from Madagascar

    About Madagascar

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    The main sale from Mexico to Madagascar in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$870k). The main origins of sales to Madagascar were Jalisco (US$907k), Morelos (US$755k), and Hidalgo (US$338k).

    The main product bought by Mexico from Madagascar in 2023 was Shirt for Men or Chlidrens (US$4.31M). The main destinations of purchases made to Madagascar were Baja California (US$8.86M), Ciudad de México (US$5.1M), and Estado de México (US$2.57M).

    Regarding remittances, in the third quarter of 2024, Mexico received US$167 in remittances from Madagascar, while Madagascar received US$8.76k in remittances from Mexico.

    Commercial Exchange

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    Market Share

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    The icons show the percentage share of Madagascar in Mexico's imports and exports, as well as the net trade balance between the two countries.

    Data provided by Bank of Mexico.

    Net International Exchange

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    In November 2024, the international sales from Mexico to Madagascar were US$107k, while international purchases reached US$1.89M. The above results in a trade balance of -US$1.78M.

    Annual International Trade

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    The main sale from Mexico to Madagascar in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$870k). The main origins of sales to Madagascar were Jalisco (US$907k), Morelos (US$755k), and Hidalgo (US$338k).

    The main product bought by Mexico from Madagascar in 2023 was Shirt for Men or Chlidrens (US$4.31M). The main destinations of purchases made to Madagascar were Baja California (US$8.86M), Ciudad de México (US$5.1M), and Estado de México (US$2.57M).

    Monthly International Trade

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    The main sale from Mexico to Madagascar in November 2024 was Malt Extract; Food Preparations of Flour, Groats, Meal, Starch or Malt Extract, Cocoa Content less than 40% by Weight, not elsewhere Specified (US$102k). The main origins of sales to Madagascar were Ciudad de México (US$102k) and Jalisco (US$5.25k).

    The main product bought by Mexico from Madagascar in November 2024 was Suits, Ensembles, Jackets (Coats), Dresses, Skirts, Skorts, Long Pants, Blazers, Shorts (Pants) and Shorts (Other than Swimwear), Knitted or Crocheted (US$578k). The main destinations of purchases made to Madagascar were Baja California (US$1.06M), Jalisco (US$555k), and Ciudad de México (US$168k).

    Net Trade Balance

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    In 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Morelos (US$663k), Hidalgo (US$337k), and Jalisco (US$185k).

    Remittances

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    Evolution of the Amount of Remittances

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    The chart compares the evolution of remittances sent from Mexico to Madagascar and the remittances that Mexico receives from Madagascar.

    In the third quarter of 2024, Mexico received US$167 in remittances from Madagascar, while Madagascar received US$8.76k in remittances from Mexico.