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. 59.56 million, while 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. -349.80 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)||n/a||9,991||11,500|
|Ease of Doing Business Ranking||167||162||n/a|
|Per Capita Income (Current US$)||n/a||450||401|
Source : World Bank
*Notes: 2016 Data are from the Doing Business 2017 report that are current as of June 1, 2016; 2017 Data are from the Doing Business 2018 report that are current as of June 1, 2017; 2018 Data are from the Doing Business 2019 report that are current as of May 1, 2018.
Abbreviations: n/a – not available
Source : World Bank
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