Europe overtook North America as Madagascar’s largest apparel export market during January–September ****, as shipments to the US declined sharply amid uncertainty surrounding American trade policies under President Donald Trump. The shift came as Madagascar’s overall apparel exports fell by **.** per cent year on year (YoY) to $***.** million, compared with $***.** million in the corresponding period of ****.
According to sourcing intelligence tool TexPro, apparel exports to Europe declined by **.** per cent to $***.** million during the nine-month period. However, the region’s share of Madagascar’s total apparel exports increased to **.** per cent from **.** per cent a year earlier, making it the country**;s largest regional export destination.
In contrast, shipments to North America plunged by **.** per cent to $***.** million, compared with $***.** million in January–September ****. Consequently, the region’s share dropped to **.** per cent from **.** per cent, allowing Europe to take the leading position despite a decline in its own shipments.
