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.

Senegal Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-09 01:15 PM Balance of Trade CFA-185.5B CFA -187B CFA -185.5B
2018-09-20 12:00 PM Balance of Trade CFA-212.4B CFA-185.5B CFA -192.9B
2018-10-29 01:30 PM Balance of Trade CFA-135B CFA-212.4B CFA -197.1B
2018-11-21 12:00 PM Balance of Trade CFA-227.5B CFA-135B CFA -192.3B
2018-12-14 02:00 PM Balance of Trade CFA-227.5B CFA -190.1B
2019-01-16 08:35 AM Balance of Trade
2019-02-13 10:15 AM Balance of Trade CFA -200.3B

Senegal Trade Last Previous Highest Lowest Unit
Balance of Trade -227.50 -135.00 -27.93 -236.90 CFA Franc Billion [+]
Exports 111.20 108.00 177.00 53.19 CFA Franc Billion [+]
Imports 243.00 389.40 524.40 114.49 CFA Franc Billion [+]
Current Account -708.00 -498.00 -81.70 -843.70 XOF Billion [+]
Current Account to GDP -5.30 -7.10 -5.00 -20.10 percent [+]
Capital Flows -719.50 -1.50 1851.70 -719.50 XOF Billion [+]
Terms Of Trade 129.10 132.10 141.90 -550.00 Index Points [+]
Terrorism Index 1.80 2.60 3.88 0.04 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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.. This page provides - Senegal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-227.50 -135.00 -27.93 -236.90 2009 - 2018 CFA Franc Billion Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18