During the year 2018, Exports from Sri Lanka to Madagascar amounted to a total value of Rs. 97.28 million, while the Imports to Sri Lanka from Madagascar amounted to a total value of Rs. 678.70 million. This resulted in a negative Bilateral Trade Balance of Rs. -581.42 million for Sri Lanka with madagascar for the year 2018.
In comparison, during the year 2017, Exports from Sri Lanka to Madagascar amounted to a total value of Rs. 56.91 million, while the Imports to Sri Lanka from Madagascar amounted to a total value of Rs.409.36 million. This resulted in a negative Bilateral Trade Balance of Rs. -352.45 million for Sri Lanka with Madagascar for the year 2017.
Therefore there has been an decrease in the Bilateral Trade deficit of Sri Lanka with Madagascar from the year 2017 to the year 2018.
Madagascar is a country with a low income Economy.
|GDP (Current US$ Millions)||0||0||0|
|Ease of Doing Business Ranking||0||0||0|
|Per Capita Income (Current US$)||0||0||401|
|Source : World Bank|
Source : World Bank
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