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Senegal recorded $3.7bln trade deficit in 2019

Wednesday, 12 February 2020 13:08
Senegal recorded $3.7bln trade deficit in 2019

(Ecofin Agency) - 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 

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