— MARKET PROFILE
Doing Business in Madagascar
Latvia–Madagascar trade data, Latvian company presence, and market entry insights.
GDP
$17.4B
Population
32.0M
GDP per Capita
$545
Trade (% of GDP)
55%
Source: World Bank (2024)
Total Trade
€81.0M
Exports
€76.0M
Imports
€5.0M
YoY Growth
-79.5%
Monthly Trade Volume
Latvian exports to and imports from Madagascar, by month
— LATVIAN PRESENCE
Latvian Companies in Madagascar
Agriculture
LATRAPS
€254M Turnover • Nasdaq Baltic Bonds • Africa as Main Market
Latvia's largest farmer-owned cooperative. Exports wheat, rapeseed, peas, and beans by Panamax vessel from Riga port to South Africa, Mozambique, and Madagascar. Listed bonds on Nasdaq Baltic in March 2025.
latraps.lv→Product Breakdown
Latvian exports and imports by product category
§ Consulting
Expanding to Madagascar? Let's talk.
We specialise in Madagascar market entry — sourcing partners, navigating regulation, and building your distribution model from scratch.