Senegal's trade deficit widened to CFA 227.5 billion in September of 2018 from CFA 217.3 billion in the same month a year earlier. It was the largest trade gap since January, as imports jumped 19.2 percent year-on-year to CFA 338.7 billion, boosted by higher purchases of energy & lubricants (59.2 percent); other semi-products (13.4 percent) and industrial products (28.1 percent). Main import partners were: China (20.4 percent of total imports), Nigeria (13.6 percent), France (10.7 percent), Netherlands (5.8 percent) and Belgium (5.3 percent). Export rose 11.5 percent to CFA 111.2 billion, mainly driven by higher sales of food, beverages & tobacco (22.9 percent); other semi-products (9.3 percent) and energy & lubricants (42.4 percent). The most important export partners were: India (16.3 percent of total exports), Mali (11.9 percent), Spain (7.6 percent), Mauritania (7.1 percent) and Italy (5.4 percent). Balance of Trade in Senegal averaged -136.58 CFA Franc Billion from 2009 until 2018, reaching an all time high of -27.93 CFA Franc Billion in February of 2011 and a record low of -236.90 CFA Franc Billion in January of 2018.
Balance of Trade in Senegal is expected to be -174.97 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 -179.71 in 12 months time. In the long-term, the Senegal Balance of Trade is projected to trend around -180.02 CFA Franc Billion in 2020, according to our econometric models.