Updated: 14/02/2022
According to resources, E-commerce industry in Madagascar reached $170 Million and increasing with 18% growth rate by the year 2022.
Initiatives taken by UNCTAD and Internet penetration that is reached 19% is the main reason behind the development of eCommerce industry in Madagascar.
![](https://usabusiness.co.in/wp-content/uploads/2021/02/E-commerce-in-Madagascar.png)
ubuy is considered as the largest eCommerce player in Madagascar by the year 2022.
Online selling platforms and marketplaces are playing a vital role in the development of E-commerce industry in Madagascar and below we have mentioned the list for the same.