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Madagascar

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
47
10
8.7
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.05
0.73
-0.68

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of today, Sunday, April 20, 2025, the most significant tariff update concerning Madagascar involves the United States' imposition of a 47% tariff on imports from Madagascar. This tariff was implemented on April 5, 2025, as part of a broader protectionist shift under President Donald Trump's administration.   Here's a more detailed breakdown: US Tariff on Madagascar: A 47% ad valorem tariff is currently in effect on goods imported from Madagascar into the United States. This rate was calculated based on the trade disparity between the two countries, with the aim of being a "discounted reciprocal tariff" – half the rate that the U.S. calculated Madagascar was charging it (93%).   Rationale: The U.S. stated this action was necessary due to the global trade deficit and to take remedial measures.   Impact on Madagascar: This tariff is a significant concern for Madagascar's economy, particularly its textile industry, which is a major exporter to the U.S. Some reports suggest that Madagascar's textile sector could face the loss of around 60,000 jobs as a result of this tariff, jeopardizing a sector that accounts for a substantial portion of the country's GDP.   AGOA Benefits Eroded: While Madagascar is a beneficiary of the African Growth and Opportunity Act (AGOA), which grants duty-free access to the U.S. market for many African goods, this new tariff significantly undermines those benefits for Malagasy exporters.   Delay of Broader "Reciprocal Tariffs": It's important to note that while the 47% tariff on Madagascar went into effect on April 5th, the broader "reciprocal tariff" regime announced by the U.S. saw a 90-day pause for most countries (excluding China, Hong Kong, and Macau), starting on April 9th. However, Madagascar was not included in this pause, and the 47% tariff remains active.   Madagascar's Trade Policy: Madagascar is a member of several regional and international trade agreements, including the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and has an interim Economic Partnership Agreement with the European Union. The country ratified the African Continental Free Trade Area (AfCFTA) in November 2024.   US-Madagascar Trade Relationship: In 2024, the total goods trade between the U.S. and Madagascar was $786.6 million. The U.S. imported $733.2 million worth of goods from Madagascar, mainly apparel, vanilla, titanium, cobalt, and nickel. U.S. exports to Madagascar were $53.4 million, including machinery and vegetable oil. The U.S. has a trade deficit with Madagascar.   In summary, the latest tariff update for Madagascar is the ongoing 47% tariff imposed by the United States, which is causing significant concern for the Malagasy economy, particularly its vital textile sector. Unlike many other countries, Madagascar did not receive a pause on these new tariffs.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from Madagascar by value are: Articles of apparel, not knit or crocheted ($201.60 Million) Articles of apparel, knit or crocheted ($164.36 Million) Coffee, tea, mate and spices ($112.19 Million) Pearls, precious stones, metals, coins ($64.71 Million) Ores slag and ash ($58.68 Million) Here's a look at which states in the US have manufacturing in similar sectors, along with some example companies: Apparel (Knit and Not Knit): California: While facing increased global competition, California still has apparel manufacturing, particularly in niche markets and fashion-forward segments. American Apparel (Los Angeles): While having faced bankruptcies and changes in ownership, some manufacturing remains in the US. Numerous smaller design and manufacturing houses, especially in the Los Angeles area. North Carolina: Has a history in textile and apparel production, though it has seen declines. Some companies are focusing on technical textiles and specialized apparel. Parkdale Mills (Gastonia): One of the largest yarn spinners in the US, supplying the apparel industry. Smaller manufacturers focusing on niche apparel or textile products. South Carolina: Similar to North Carolina, with a focus shifting towards technical textiles and some apparel assembly. Milliken & Company (Spartanburg): Produces a variety of textiles, including those used in apparel. Georgia: Has a significant textile industry and some apparel manufacturing, especially in the carpet and rug sector, which utilizes similar processes to knit textiles. Shaw Industries (Dalton): A major carpet manufacturer.     Coffee, Tea, Mate, and Spices (Processing and Packaging): While the US doesn't grow these crops on a large scale due to climate, there are significant processing and packaging industries. California: A major hub for food processing and distribution. Folgers (part of J.M. Smucker Co., multiple locations including California): Processes and packages coffee.   Celestial Seasonings (Boulder, Colorado - while not CA, is a major player): Processes and packages tea.   Numerous spice companies that import, process, and package spices. Washington: Home to coffee roasting and tea packaging companies. Starbucks (Seattle): Roasts and packages coffee.     Pearls, Precious Stones, Metals, Coins (Processing and Manufacturing): This sector involves cutting, polishing, setting gemstones, and minting coins. Rhode Island: Has a historical connection to jewelry manufacturing. Numerous jewelry manufacturers that work with precious stones and metals. New York: Another center for jewelry design and manufacturing, particularly in New York City's Diamond District.   Arizona: Has a significant gem and mineral industry, including cutting and polishing. Pennsylvania: Home to the US Mint in Philadelphia.   Colorado: Has mining and mineral processing activities. Ores, Slag, and Ash (Processing): This involves the initial processing of mined materials. Arizona: Significant copper mining and processing. Freeport-McMoRan (various locations in AZ): A major copper mining company. Nevada: Gold and silver mining and processing. Newmont Corporation (various locations in NV): A leading gold mining company. Utah: Mining and smelting activities. Rio Tinto Kennecott (near Salt Lake City): Operates a large copper mine and smelter.   Michigan: Iron ore mining and processing.   Important Considerations: Raw Material Sourcing: For many of these categories (coffee, tea, spices, precious stones, ores), the US relies heavily on imports for the raw materials themselves due to climate, geological availability, or labor costs. US manufacturing often focuses on processing, refining, or incorporating these materials into finished goods.   Labor Costs: Apparel manufacturing, in particular, has shifted significantly overseas due to lower labor costs in countries like Madagascar. While there's some resurgence in the US focusing on speed to market and specialized items, large-scale production to replace imports from Madagascar would face cost challenges. AGOA: Madagascar benefits from the African Growth and Opportunity Act (AGOA), which provides duty-free access to the US market for many goods, including apparel. This makes it challenging for US manufacturers to compete directly on price for these items.   In conclusion, while the US has manufacturing capabilities in sectors related to its top imports from Madagascar, direct replacement is often limited by raw material availability, labor costs, and trade agreements. US manufacturing tends to focus on higher-value processing, specialized products, or industries where domestic raw materials are available.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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