Senegal recorded a trade deficit of 144.30 CFA Franc Billion in August of 2020.

Balance of Trade in Senegal averaged -145.41 CFA Franc Billion from 2009 until 2020, reaching an all time high of -27.93 CFA Franc Billion in February of 2011 and a record low of -332.80 CFA Franc Billion in March of 2020. This page provides - Senegal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Senegal is expected to be -185.00 CFA Franc Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Senegal to stand at -120.00 in 12 months time. In the long-term, the Senegal Balance of Trade is projected to trend around -185.00 CFA Franc Billion in 2021 and -205.00 CFA Franc Billion in 2022, according to our econometric models.

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Senegal Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-144.30 -159.20 -27.93 -332.80 2009 - 2020 CFA Franc Billion Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 03:30 PM May CFA -126B CFA -253B CFA -260B
2020-08-12 02:30 PM Jun CFA -175B CFA -126B CFA -85B
2020-09-11 12:30 PM Jul CFA -159B CFA -175B CFA -150B
2020-10-19 12:00 PM Aug CFA -144B CFA -159B
2020-12-14 03:30 PM Oct

Senegal Balance of Trade
Senegal’s growing mineral production has not been able yet to reverse a systemic trade deficit. Senegal is a net exporter of oil, phosphate, gold and fish. However, the country is dependent on the import of fuels, foodstuffs and capital equipment. Senegal’s main trading partners are: Cote d’Ivoire, Mali, France and the United States..