Senegal recorded a trade deficit of 217.40 CFA Franc Billion in November of 2019. Senegal Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Senegal averaged -143.47 CFA Franc Billion from 2009 until 2019, reaching an all time high of -27.93 CFA Franc Billion in February of 2011 and a record low of -259.80 CFA Franc Billion in July of 2019. This page provides - Senegal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Senegal is expected to be -90.00 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 -185.00 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, according to our econometric models.

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Senegal Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-217.40 -198.60 -27.93 -259.80 2009 - 2019 CFA Franc Billion Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-18 10:05 AM Sep CFA -199.9B CFA -183.7B CFA -242B
2019-12-13 02:00 PM Oct CFA -198.6B CFA -199.9B CFA -250B
2020-01-17 10:00 AM Nov CFA -217B CFA -198.6B CFA -140B
2020-02-14 10:00 AM Dec CFA -234B CFA -217B CFA -185B
2020-03-18 12:00 AM Jan CFA -234B CFA -120B
2020-04-10 12:00 AM Feb CFA -188B
2020-06-12 12:00 AM Apr
2020-07-03 12:00 AM May

News Stream
Senegal Trade Gap Narrows in June
The trade deficit in Senegal shrank to CFA 148.1 billion in June 2019 from CFA 185.5 billion in the same month a year ago. Imports declined 17.5 percent to CFA 276.4 billion, mainly due to lower purchases of rice (-24%); pharmaceuticals (-2%) and plastic products (-13.1%). Among major trade partners, imports went down from France (-10.9%), Spain (-21.7%), Germany (-11.6%), Italy (-40.8 percent) and the UK (-23.7%). Meantime, exports fell at a slower 14.3 percent to CFA 128.3 billion, as sales declined mostly for non-monetary gold (-26.3%) and crustaceans & molluscs (-15.4 percent). Among major trade partners, overseas sales decreased to Mali (-25.9%), Ivory Coast (-5.1%), Vietnam (-27.7%), Switzerland (-24.5%), France (-43.6%) and Italy (-37.2%). In the first six months of the year, the country's trade deficit narrowed to CFA 950.7 billion from CFA 1,081 billion a year earlier.
Senegal Trade Gap Narrows in January
Senegal's trade deficit shrank to CFA 123.6 billion in January of 2019 from CFA 236.9 billion in the same month a year ago. Exports grew 48.5 percent to CFA 180.9 billion, mainly boosted by sales of phosphoric acid (155.1%); peanuts (1375.5%); non-monetary gold (40.9%); fresh fish (18.7%) and crustaceans & molluscs (137.4%). Main export partners were India (13.3% of total shipments), Mali (13.1%), Switzerland (12.4%), China (11.8%), Spain (4%) and France (3.9%). Meanwhile, imports fell 15.1 percent to CFA 304.5 billion, namely dragged down by lower purchases of rice (-33.2%); artificial plastic materials (-17.4%) and machines and apparatus for other industries (-34.2%). The most important import partners were France (17.2% of total imports), China (14.3%), Luxembourg (5.6%), India (5.1%), the Netherlands (4.6%) and Turkey (4.1%).

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..