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2022
Exports $961MWorld Rnk 55 / 176
Flag Rnk 1 / 935
2022
Destination $10.9M Switzerland
2021 - 2022
FASTEST GROWING MARKET $10.9MAustralia
2022
PRODUCT COMPLEXITY IN Gold-2.43Rnk 1016 / 1025
2022
Imports $1.6MWorld Rnk 112 / 178
Flag Rnk 523 / 1145
2022
Origin $999k United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $999kUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Senegal-0.5Rnk 85 / 133

About

Exports In 2022, Senegal exported $961M in Gold, making it the 55th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Senegal. The main destination of Gold exports from Senegal are: Switzerland ($638M), Australia ($227M), United Arab Emirates ($94.2M), Italy ($1.38M), and Guinea ($50.4k).

The fastest growing export markets for Gold of Senegal between 2021 and 2022 were Australia ($10.9M), United Arab Emirates ($9.88M), and Guinea ($50.4k).

Imports In 2022, Senegal imported $1.6M in Gold, becoming the 112th largest importer of Gold in the world. At the same year, Gold was the 523rd most imported product in Senegal. Senegal imports Gold primarily from: United Arab Emirates ($1.45M), Tanzania ($144k), and Italy ($2.84k).

The fastest growing import markets in Gold for Senegal between 2021 and 2022 were United Arab Emirates ($999k), Tanzania ($144k), and Italy ($2.84k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$961M
IMPORTS (2022)$1.6M
NET TRADE (2022)$959M

In 2022, Senegal exported $961M in Gold. The main destinations of Senegal exports on Gold were Switzerland ($638M), Australia ($227M), United Arab Emirates ($94.2M), Italy ($1.38M), and Guinea ($50.4k).

In 2022, Senegal imported $1.6M in Gold, mainly from United Arab Emirates ($1.45M), Tanzania ($144k), and Italy ($2.84k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Senegal WERE (2021 - 2022):
Australia$10.9M (5.05%)
United Arab Emirates$9.88M (11.7%)
Guinea$50.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Senegal WERE (2021 - 2022):
Switzerland-$70.7M (-9.98%)
Turkey-$333k (-100%)
Italy-$205k (-12.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Senegal's main exporting competitors in Gold were:
Switzerland $101B
United States $37.5B
United Arab Emirates $32.8B
In 2022, Senegal's main importing competitors in Gold were:
Switzerland $94.9B
China $67.6B
United Arab Emirates $57.1B

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Arab Emirates+ $48M
TOP IMPORT POTENTIALUnited Arab Emirates+ $604k

Gold’s highest export potential is United Arab Emirates. With an export gap of $48M.   Gold’s highest import potential is United Arab Emirates with an import gap of $604k.

See methodology.

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