Indonesia's soap exports to Madagascar fall to US$15,554 thousand.

Indonesia recorded exports to Madagascar of US$63,561 thousand as of December 2022. This figure represents a 15.15% increase compared to the previous year's exports, which were recorded at US$55,197 thousand.

Indonesia's trade record with Madagascar shows a significant decrease in exports over the past 10 years. The lowest export value was US$44,684 thousand, while the highest reached US$72,036 thousand.

Of the 97 products (two-digit HS codes) exported to Madagascar, 37 products were worth more than one billion dollars. Most of the exported products (43 products) are also exported to other countries.

The following is a list of the top five products exported by Indonesia to Madagascar, ordered from highest to lowest transaction value.

1. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.

Indonesia's top export to Madagascar is Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. Under the tradmap classification, this product falls under HS code 34. In 2022, Indonesia exported US$15,554 thousand worth of this product. This is lower than the previous period's export value of US$18,059 thousand.

2. Animal, vegetable or microbial fats and oils and their fractions

The second largest export product is Animal, vegetable or microbial fats and oils and their fractions. Exports to Madagascar in 2022 reached US$14,171 thousand, an increase compared to the previous period's US$10,762 thousand.

3. Paper and Paperboard

Indonesia exports this product to 160 countries. Exports of Paper and Paperboard to Madagascar rank 61st. In 2022, Indonesia exported US$8,357 thousand worth of this product. The largest exports of Paper and Paperboard are to China, Japan, the United States, Malaysia, and Vietnam.

4. Residues and waste from the food industry

Indonesia exports this product to 56 countries. Exports of Residues and waste from the food industry to Madagascar rank 22nd. In 2022, Indonesia exported US$5,354 thousand worth of this product. The other five largest export destinations for Residues and waste from the food industry are China, the Netherlands, New Zealand, Malaysia, and the Republic of Korea.

5. Man-made staple fibers

Indonesia exports this product to 106 countries. Exports of Man-made staple fibers to Madagascar rank 45th. In 2022, Indonesia exported US$4,029 thousand worth of this product. The largest exports of Man-made staple fibers are to Türkiye, Bangladesh, India, Pakistan, and Japan.