Economy : Madagascar, world's largest exporter of cloves

According to data from the Ministry of Industrialization, Trade and Consumption, Madagascar was the world's leading exporter of cloves last year.

Madagascar : World's leading clove exporter

Madagascar is indeed the world's leading exporter of 2022 cloves. Indeed, the Big Island occupied 27% of the global market share of this annuity product. The country exports every year between 30% and 50% of the world's cloves.

Thus, according to data, Madagascar produced 57,9% African clove in 2020 and 13% of the world's cloves. And in 2022, production amounted to 40 000 tons.

Best, en 2021, Madagascar exported 21 164 tons of cloves contributing to more than 120 million USD to the Malagasy economy. Gold, the record is here, the export of 2022 generated more than 224 million USD in turnover.

With vanilla and lychee, cloves thus constitute an important place in the export trade of the country and contribute a lot to the development of the national economy..

Madagascar and its riches

Also, according to the Extractive Industries Transparency Initiative report (GO), Madagascar is ranked second world exporter of graphite. The Big Island has 8% world reserves of this mineral resource.

Besides natural graphite, the Big Island also has nickel reserves, the cobalt, chrome, rare earth, tantalum, titanium. On the 2 billion tons of world reserves of ilmenite and rutile, the two main titanium minerals, 740 million tons are identified and Madagascar. Resources are therefore not unlimited., but they are great...

Actually, the mining sector also contributes to the development of Madagascar. Currently, it represents 6% of GDP and estimated at 14% from here 2025 According to a study by the World Bank.

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