Government of Madagascar
Central Bank of Madagascar
Malagasy Bank

 

Trade Trends

TRADE

  
(US$ millions)

2003

2004

Total exports (fob)

941

884

Shrimp

54

62

Vanilla

195

108

Manufactures

640

653

Total imports (cif)

1,521

1,634

Food

96

83

Fuel and energy

213

204

Capital goods

208

300

Export price index (1995=100)

158

176

Import price index (1995=100)

97

103

Terms of trade (1995=100)

164

170

   

BALANCE of PAYMENTS

  
(US$ millions)

2003

2004

Exports of goods and services

1,261

1,264

Imports of goods and services

61,752

1,944

Resource balance

-491

-680

Net income

-80

-72

Net current transfers

303

340

Current account balance

-268

-411

Financing items (net)

285

431

Changes in net reserves

-17

-20

Memo:

  

Reserves including gold (US$ millions)

397

467

Conversion rate (DEC, local/US$)

1283.3

1,868.9

Source: World Bank Country Report, Madagascar

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