Benin recorded a trade deficit of 337.36 CFA Franc Billion in the first quarter of 2019. Balance of Trade in Benin averaged -188.50 CFA Franc Billion from 2003 until 2019, reaching an all time high of -8.30 CFA Franc Billion in the second quarter of 2005 and a record low of -679.56 CFA Franc Billion in the third quarter of 2013.

Balance of Trade in Benin is expected to be -314.19 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 Benin to stand at -321.77 in 12 months time. In the long-term, the Benin Balance of Trade is projected to trend around -307.90 CFA Franc Billion in 2020, according to our econometric models.

Benin Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Benin Trade Last Previous Highest Lowest Unit
Balance of Trade -337.36 -348.00 -8.30 -679.56 CFA Franc Billion [+]
Current Account -927.31 -808.84 10.55 -927.31 USD Million [+]
Current Account to GDP -11.00 -9.60 0.66 -29.75 percent [+]
Imports 487.89 441.74 744.61 27.40 CFA Franc Billion [+]
Exports 150.53 93.74 177.14 0.80 CFA Franc Billion [+]
Terrorism Index 0.00 0.00 0.46 0.00 [+]

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



Benin Balance of Trade

Benin’s systemic trade deficit is the result of the country’s dependence on imports for energy needs and high value-added goods. Moreover, Benin’s exports of agricultural products such as cotton, cocoa and maze are highly vulnerable to the weather and price fluctuations. Main trading partner is China (20 percent of exports and 15 percent of imports). Others include: Thailand, Togo and India. This page provides the latest reported value for - Benin Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Benin Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-337.36 -348.00 -8.30 -679.56 2003 - 2019 CFA Franc Billion Quarterly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 446.13 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


Related

Latest