Comoros recorded a trade deficit of 92658 KMF Million in 2019.

Balance of Trade in Comoros averaged -52193.21 KMF Million from 1996 until 2019, reaching an all time high of -16776 KMF Million in 2000 and a record low of -101644 KMF Million in 2017. This page provides the latest reported value for - Comoros Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Comoros Balance of Trade - values, historical data and charts - was last updated on September of 2020.

Balance of Trade in Comoros is expected to reach -107621.00 KMF Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Comoros Balance of Trade is projected to trend around -107621.00 KMF Million in 2021 and -112817.00 KMF Million in 2022, according to our econometric models.

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Comoros Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-92658.00 -101294.00 -16776.00 -101644.00 1996 - 2019 KMF Million Yearly

Comoros Trade Last Previous Highest Lowest Unit
Balance of Trade -92658.00 -101294.00 -16776.00 -101644.00 KMF Million [+]
Current Account -16437.00 -14026.00 -1099.00 -23013.00 KMF Million [+]
Current Account to GDP -8.90 -6.00 3.63 -30.44 percent [+]
Exports 21628.00 17642.00 21628.00 2190.00 KMF Million [+]
Imports 114286.00 119286.00 119286.00 22241.00 KMF Million [+]
Remittances 4068.00 4024.00 4485.70 20.00 KMF Million [+]
Tourist Arrivals 35900.00 27952.00 35900.00 11396.00 Person [+]

Comoros Balance of Trade
Comoros runs a systemic trade deficit due to the country’s underdeveloped commercial agriculture and manufacturing industry and dependence on the import of fuel and basic consumption products. Main imports are: fuel (23 percent of total imports), rice, cars, cement and fish. Comoros is a net exporter of clove (71 percent of total exports), perfume essences and vanilla. Main trading partners are France (10 percent of total exports and 15 percent of imports) and India (4 percent of exports and 5 percent of imports).