Sierra Leone recorded a trade deficit of 883.10 USD Million in April of 2020. source: Bank of Sierra Leone

Balance of Trade in Sierra Leone averaged -37.92 USD Million from 1998 until 2020, reaching an all time high of 81.83 USD Million in December of 2012 and a record low of -883.10 USD Million in April of 2020. This page provides - Sierra Leone Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sierra Leone Balance of Trade - values, historical data and charts - was last updated on February of 2021.

Balance of Trade in Sierra Leone is expected to be -65.89 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sierra Leone to stand at -65.97 in 12 months time. In the long-term, the Sierra Leone Balance of Trade is projected to trend around -65.94 USD Million in 2021 and -65.95 USD Million in 2022, according to our econometric models.

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Sierra Leone Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-883.10 -50.75 81.83 -883.10 1998 - 2020 USD Million Monthly

Sierra Leone Trade Last Previous Highest Lowest Unit
Balance of Trade -883.10 -50.75 81.83 -883.10 USD Million [+]
Current Account -646.10 -526.10 140.74 -1913.51 USD Million [+]
Current Account to GDP -11.70 -13.80 28.71 -52.30 percent [+]
Imports 908.57 103.67 908.57 0.83 USD Million [+]
Exports 25.47 52.92 197.99 0.02 USD Million [+]
Terrorism Index 0.23 0.46 3.99 0.00 [+]
Tourist Arrivals 7530.00 5493.00 9016.00 888.00 Persons [+]


Sierra Leone Balance of Trade
Sierra Leone’s systemic trade deficit is due to its import dependency and weak commercial agriculture. Sierra Leone’s main exports are diamonds (63 percent of total exports) and cocoa (22 percent). Sierra Leone is a net importer of capital equipment and fuel. Main trading partners are: China, Guinea and United States.