According to the Malagasy customs, China has been Madagascar's biggest trading partner and biggest source of import since 2015. In 2020, the bilateral trade in goods reached US$930 million, accounting for 18.1% of Madagascar's total foreign trade. The Chinese enterprises in Madagascar have carried out
corporate social responsibility (CSR) activities, contributing to the country's economic, social development and improving people's livelihood.
Development cooperation Since the establishment of diplomatic relations in 1972, China has assisted Madagascar in a number of economic and social projects, including the construction of a Primary School for China-Africa Friendship, the construction of and technical support to the Sports and Cultural Palace, the International Conference Center at Ivato, and the Anosiala Hospital. In 1975, China agreed to provide Madagascar with aid for the development of the Moramanga-Andranonampango Highway. The highway was funded with an interest-free loan from China and was completed in 1985. and technical experts to Madagascar, deepened human resources development cooperation, and carried out a series of infrastructure and social projects, such as the expressway between
Ivato Airport and the Boulevard de l'Europe, the Tsarasaotra-Ivato expressway, the "Eggs Road", well-drilling, etc. In early 2019, the newly inaugurated President Rajoelina inspected the 200 well-drilling project in the south, and attended the inauguration ceremonies of the extension and renovation project of the expressway linking Port Toamasina and the RN2 and the rehabilitation project of the RN5A in the north. From 2000 to 2011, there were approximately 19 Chinese official development finance projects identified in Madagascar through various media reports. These projects range from developing a new 40.5 MW hydroelectric plant in the Betsiboka River basin with a loan from the Chinese Export Import Bank, to the construction of an international conference center in
Antananarivo. == Political relations ==