South Korea exports to Madagascar
마다카스카르 · latest month: October 2026
In October 2026, South Korea exported $6.2 million of goods to Madagascar, down 4.6% from September 2026 and up 110.6% from October 2025.
Over the 12 months to October 2026, exports of goods to Madagascar totalled $51.5 million, up 29.1% from the 12 months before ($39.8 million).
Madagascar ranked 128th of 239 destinations for Korean goods over the 12 months to October 2026, up from 133rd in the 12 months before.
The largest chapter was vehicles, parts and accessories (HS 87), with $33.3 million or 64.7% of exports to Madagascar.
Imports from Madagascar in October 2026 were $10.1 million (up 275.6% from October 2025), leaving a deficit of $3.8 million for the month.
Last 24 months
What South Korea exports to Madagascar: chapters
Export value by HS chapter over the 12 months to October 2026; the largest 25 of 58.
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 87 | Vehicles, parts and accessories | $33.3M | 64.7% | +72.2% | $3.7M |
| 39 | Plastics and articles thereof | $4.2M | 8.1% | +55.3% | $514K |
| 27 | Mineral fuels, oils and their products | $2.4M | 4.7% | +270.3% | $730K |
| 29 | Organic chemicals | $2.3M | 4.4% | +531.9% | $192K |
| 30 | Pharmaceutical products | $1.5M | 3.0% | -57.3% | $398K |
| 54 | Man-made filaments | $1.4M | 2.8% | +32.4% | $69K |
| 28 | Inorganic chemicals | $1.2M | 2.3% | +920.4% | $18K |
| 34 | Soap, washing preparations and waxes | $754K | 1.5% | -4.3% | $509 |
| 84 | Machinery, boilers and computers | $600K | 1.2% | -81.5% | $68K |
| 85 | Electrical machinery and electronics | $514K | 1.0% | -55.9% | $1,200 |
| 48 | Paper and paperboard | $366K | 0.7% | +18.8% | $93K |
| 72 | Iron and steel | $316K | 0.6% | +21.9% | $27K |
| 49 | Printed books, newspapers and pictures | $296K | 0.6% | -4.2% | $104K |
| 38 | Miscellaneous chemical products | $285K | 0.6% | -23.2% | $0 |
| 33 | Essential oils, perfumery and cosmetics | $284K | 0.6% | +288.3% | $172K |
| 32 | Dyes, pigments, paints and inks | $280K | 0.5% | +10.5% | $1,200 |
| 40 | Rubber and articles thereof | $188K | 0.4% | +583.3% | $14K |
| 22 | Beverages, spirits and vinegar | $176K | 0.3% | -75.7% | $42K |
| 19 | Preparations of cereals, flour or milk, and bakery products | $161K | 0.3% | – | $0 |
| 59 | Coated or laminated textile fabrics | $134K | 0.3% | -70.9% | $0 |
| 83 | Miscellaneous articles of base metal | $124K | 0.2% | +401.1% | $0 |
| 55 | Man-made staple fibres | $116K | 0.2% | +349.6% | $436 |
| 90 | Optical, measuring and medical instruments | $106K | 0.2% | +60.4% | $931 |
| 94 | Furniture, bedding and lighting | $89K | 0.2% | +377.8% | $18K |
| 52 | Cotton | $83K | 0.2% | -29.8% | $0 |
Largest 4-digit headings
The 30 largest of 221 headings exported to Madagascar in the same 12 months.
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 8703 | Passenger cars | $28.5M | 55.3% | +79.1% | $3.2M |
| 2710 | Refined petroleum oils | $2.4M | 4.7% | +270.3% | $730K |
| 3901 | Polymers of ethylene, in primary forms | $2.3M | 4.5% | +130.9% | $108K |
| 2929 | Compounds with other nitrogen function | $2.3M | 4.4% | +586.8% | $192K |
| 8702 | Buses (motor vehicles for ten or more persons) | $2.0M | 4.0% | +152.6% | $293K |
| 8704 | Motor vehicles for the transport of goods | $1.6M | 3.2% | +30.8% | $134K |
| 3002 | Blood products, vaccines and immunological products | $1.4M | 2.8% | -59.4% | $398K |
| 5402 | Synthetic filament yarn | $1.2M | 2.3% | +102.0% | $36K |
| 2814 | Ammonia, anhydrous or in aqueous solution | $1.1M | 2.2% | – | $0 |
| 8708 | Parts and accessories of motor vehicles | $1.1M | 2.2% | -12.1% | $80K |
| 3907 | Polyethers, epoxide resins and polyesters, in primary forms | $996K | 1.9% | +85.4% | $312K |
| 3902 | Polymers of propylene, in primary forms | $784K | 1.5% | -15.3% | $73K |
| 3402 | Surfactants, detergents and cleaning preparations | $747K | 1.5% | -4.0% | $0 |
| 8504 | Electrical transformers, static converters and inductors | $308K | 0.6% | – | $0 |
| 4901 | Printed books, brochures, leaflets and similar printed matter, etc. | $295K | 0.6% | -4.2% | $104K |
| 3822 | Diagnostic and laboratory reagents (including test kits) | $285K | 0.6% | -23.0% | $0 |
| 3304 | Beauty, make-up and skin care preparations | $278K | 0.5% | +284.9% | $171K |
| 5407 | Woven fabrics of synthetic filament yarn | $258K | 0.5% | -48.2% | $33K |
| 7210 | Flat-rolled iron or non-alloy steel, coated or plated | $209K | 0.4% | -19.1% | $25K |
| 2202 | Soft drinks and other non-alcoholic beverages | $175K | 0.3% | -75.8% | $42K |
| 4819 | Paper and paperboard cartons, boxes, bags and packing containers | $169K | 0.3% | +410.0% | $91K |
| 8481 | Taps, cocks and valves | $168K | 0.3% | +402.8% | $0 |
| 1902 | Pasta and noodles (including instant noodles) | $159K | 0.3% | – | $0 |
| 8537 | Electrical control and distribution boards | $158K | 0.3% | -15.9% | $0 |
| 3208 | Paints and varnishes, solvent-based | $146K | 0.3% | +73.3% | $0 |
| 4821 | Paper or paperboard labels of all kinds, whether or not printed | $138K | 0.3% | -30.1% | $2,444 |
| 5903 | Textile fabrics coated or laminated with plastics | $131K | 0.3% | +25.9% | $0 |
| 4011 | New pneumatic tyres, of rubber | $122K | 0.2% | – | $0 |
| 8303 | Armoured or reinforced safes, etc. | $121K | 0.2% | +441.1% | $0 |
| 8408 | Diesel engines | $117K | 0.2% | -17.6% | $20K |
A chapter is linked when exports to Madagascar reached $1,000,000 over 24 months, a heading when they reached $5,000,000. "Share" is the share of all exports to Madagascar.
Featured industry: cosmetics exports to Madagascar, by 6-digit product.
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $6.2M | +110.6% | 3,489 t | $1.78 | $10.1M | 609 t |
| September 2026 | $6.5M | +101.4% | 3,450 t | $1.89 | $9.8M | 697 t |
| August 2026 | $6.0M | -8.1% | 3,434 t | $1.74 | $5.4M | 607 t |
| July 2026 | $5.5M | +20.4% | 3,373 t | $1.62 | $9.1M | 933 t |
| June 2026 | $3.9M | +108.3% | 2,473 t | $1.57 | $12.0M | 656 t |
| May 2026 | $3.6M | +39.2% | 2,101 t | $1.69 | $7.2M | 571 t |
| April 2026 | $4.0M | -35.3% | 2,115 t | $1.90 | $6.8M | 354 t |
| March 2026 | $2.9M | +17.2% | 1,865 t | $1.56 | $7.3M | 595 t |
| February 2026 | $2.2M | -13.2% | 1,509 t | $1.45 | $7.1M | 755 t |
| January 2026 | $3.7M | +103.8% | 2,291 t | $1.60 | $2.4M | 84.0 t |
| December 2025 | $2.7M | +18.3% | 1,740 t | $1.57 | $10.7M | 592 t |
| November 2025 | $4.3M | +50.4% | 5,028 t | $0.86 | $10.0M | 378 t |
| October 2025 | $3.0M | -13.3% | 1,201 t | $2.46 | $2.7M | 157 t |
| September 2025 | $3.2M | +26.1% | 1,891 t | $1.71 | $6.7M | 267 t |
| August 2025 | $6.5M | +111.0% | 2,173 t | $2.99 | $1.5M | 216 t |
| July 2025 | $4.5M | -6.7% | 2,107 t | $2.15 | $10.1M | 631 t |
| June 2025 | $1.9M | 0.0% | 1,113 t | $1.68 | $6.6M | 453 t |
| May 2025 | $2.6M | -20.5% | 1,247 t | $2.05 | $7.9M | 588 t |
| April 2025 | $6.2M | -7.7% | 11,746 t | $0.53 | $8.0M | 454 t |
| March 2025 | $2.5M | -10.6% | 1,614 t | $1.54 | $5.0M | 312 t |
| February 2025 | $2.5M | -6.0% | 1,322 t | $1.90 | $11.4M | 715 t |
| January 2025 | $1.8M | -41.0% | 1,038 t | $1.73 | $6.3M | 469 t |
| December 2024 | $2.3M | -22.1% | 1,510 t | $1.53 | $8.7M | 538 t |
| November 2024 | $2.9M | +14.3% | 1,946 t | $1.48 | $11.3M | 687 t |
Exports FOB, imports CIF, US dollars. Weight is net weight. "vs year earlier" compares export value with the same month one year before and is left blank when that month was under $10,000. Source: Korea Customs Service, via data.go.kr.