Last year, Senegal recorded a trade gap of CFA2,244 billion ($3.7 billion), compared to CFA2,246 billion in 2018, according to data provided by the national statistics agency (ANSD).
This deficit was caused by an 8% augmentation in the volume of imports (mainly rice and petroleum products) which reached CFA4,229.3 billion ($7 billion). On the other hand, although exports recorded higher growth (+18.9%), they only reached CFA1,985.1 billion (3.3 billion $).
On the continent, West African countries are Senegal's main trading partners, with Nigeria being the leader - trading CFA259.6 billion ($432.8 million) worth of goods with Senegal.
Worldwide, France remains the country's leading supplier with CFA7,94.8 billion ($ 1.3 billion) of imported goods.
Moutiou Adjibi Nourou
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Panic buying over fuel shortages drives long queues and temporary stockouts at Kinshasa gas stations. Authorities affirm stable fuel supply and...
Orange Côte d’Ivoire launched “Ma Box Internet” to enable self-management of fiber services via mobile. The app allows users to monitor connections,...
PIDG invests €4.3 million in Afreenergy Solar to expand commercial and industrial solar solutions in Senegal. The project targets 30 MW of...
by Sophie Kafuti, General Manager for Visa in the DRC For years, efforts to modernize payments in the Democratic Republic of the Congo have focused...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...