Indonesia was the largest exporter of soap to Madagascar in 2023.

Indonesia recorded exports to Madagascar of US$42.26 million as of December 2023. This represents a drastic 33.51% decrease compared to the previous year's exports, which were recorded at US$63.56 million.

Indonesia's trade record with Madagascar shows a very sharp decline in exports over the past 10 years. The lowest Indonesian export value was US$42.26 million, while the highest was US$72.04 million.

Of the 97 products (two-digit HS codes) exported to Madagascar, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 47 main Indonesian products exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Madagascar. The rest are mostly products also exported to many other countries.

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

1. Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured

Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured (HS code 34). Exports of this product to Madagascar ranked first. Indonesia exported US$13.18 million worth of this product to Madagascar. The value of exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured is lower than the previous period, which reached US$15,554 thousand.

2. Paper and Paperboard

Second, Indonesia's largest export was Paper and Paperboard. The value of exports from Madagascar in 2023 was recorded at US$9.72 million. This figure is higher than the previous period, which was recorded at US$8,357 thousand.

3. Residues and waste from the food industry

Indonesia also recorded significant exports of Residues and waste from the food industry to Madagascar. The value of exports of this product in 2023 was US$4.07 million. This amount is lower than the previous period, which reached US$5,354 thousand. Besides Madagascar, Indonesia also relies on exports of Residues and waste from the food industry to China, Germany, the United States, Vietnam, and Indonesia. In addition to these main countries, Indonesia is recorded as exporting this product to 4 other countries.

4. Glass and glassware

Another exported product is Glass and glassware, valued at US$2.76 million. The value of exports of this product increased compared to the previous period, which was recorded at US$363 thousand. Trademap data shows Indonesia's trading activity exporting Glass and glassware to 4 countries. Exports of Glass and glassware to this country are the largest. The five other countries that are sources of Glass and glassware exports are the United States, China, Germany, France, and Italy.

5. Plastics

Next is Plastics (HS code 39). Indonesia exported US$1.59 million worth of plastics, an increase compared to the previous period, which was recorded at US$1,468 thousand. The largest export of Plastics is currently still to Madagascar. Besides this country, the five largest countries that are sources of Indonesian Plastics exports are the United States, China, Germany, Mexico, and France.