Trade Trend

In 2023, Senegal's total export value is 3.24Billion USD, total import value is 13.92Billion USD, Deficit is -10.68Billion USD, and foreign trade dependency is 0.554. In 2023，Senegal's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(827.51Million USD), Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined(499.26Million USD), Groundnuts; not roasted or otherwise cooked, whether or not shelled or broken(197.91Million USD), top export destinations are India(694.68Million USD), Switzerland(604.57Million USD), China(341.36Million USD). In 2023, Senegal's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.12Billion USD), Rice(632.45Million USD), Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200 g/m2(387.10Million USD), top import origins are China(5.23Billion USD), France(1.08Billion USD), India(1.04Billion USD).

Comparing to 2022, Senegal's total export value decreased -2.47Billion USD(-43.23%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-927.43Million USD or -92.06%), Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined(-255.53Million USD or -33.85%), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(-190.97Million USD or -68.09%) and export decreases to countries/economics such as India(-167.81Million USD or -19.46%), Togo(-62.50Million USD or -75.69%), Switzerland(-62.42Million USD or -9.36%). Comparing to 2022, Senegal's total import value increased 1.86Billion USD(15.44%) in 2023, this could result from its import increases of products such as Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200 g/m2(384.77Million USD or 16.54Thousands%), Footwear; with outer soles and uppers of rubber or plastics (excluding waterproof footwear)(204.33Million USD or 4.91Thousands%), Palm oil and its fractions; whether or not refined, but not chemically modified(161.04Million USD or 137.51%), and its import increases from countries/economies such as China(4.01Billion USD or 329.02%), India(131.47Million USD or 14.53%), Brazil(108.48Million USD or 59.01%).

Cumulated to first 7 months of 2024, Senegal's total export value is 1.22Billion USD, total import value is 4.96Billion USD, and tradedeficit is -3.73Billion USD. Cumulated to first 7 months of 2024, Senegal's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(287.54Million USD), Groundnuts; not roasted or otherwise cooked, whether or not shelled or broken(219.71Million USD), Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined(150.41Million USD), and top export destinations are China(274.03Million USD), India(196.69Million USD), Switzerland(190.89Million USD). Cumulated to first 7 months of 2024, Senegal's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(287.54Million USD), Groundnuts; not roasted or otherwise cooked, whether or not shelled or broken(219.71Million USD), Diphosphorus pentaoxide; phosphoric acid; polyphosphoric acids, whether or not chemically defined(150.41Million USD), and top import origins areChina(2.11Billion USD), France(392.41Million USD), Belgium(373.66Million USD).