2022
Exports
$37.3MWorld Rnk 124 / 214
Flag Rnk 6 / 656
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$370MWorld Rnk 144 / 225
Flag Rnk 2 / 1046
2022
ECONOMIC COMPLEXITY of Benin
-0.5Rnk 86 / 133

About

Exports In 2022, Benin exported $37.3M in Refined Petroleum, making it the 124th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Benin. The main destination of Refined Petroleum exports from Benin are: India ($27.1M), Kuwait ($3.04M), Netherlands ($2.41M), Mali ($1.68M), and United Arab Emirates ($1.37M).

The fastest growing export markets for Refined Petroleum of Benin between 2021 and 2022 were India ($23.1M), Kuwait ($3M), and Netherlands ($2.29M).

Imports In 2022, Benin imported $370M in Refined Petroleum, becoming the 144th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Benin. Benin imports Refined Petroleum primarily from: United Arab Emirates ($104M), Saudi Arabia ($85.1M), Nigeria ($60.9M), Kuwait ($28.5M), and Chinese Taipei ($27.1M).

The fastest growing import markets in Refined Petroleum for Benin between 2021 and 2022 were United Arab Emirates ($91M), Saudi Arabia ($82.4M), and Kuwait ($28.2M).

Latest Trends

Jul 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 Refined Petroleum. 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)$37.3M
IMPORTS (2022)$370M
NET TRADE (2022)-$333M

In 2022, Benin exported $37.3M in Refined Petroleum. The main destinations of Benin exports on Refined Petroleum were India ($27.1M), Kuwait ($3.04M), Netherlands ($2.41M), Mali ($1.68M), and United Arab Emirates ($1.37M).

In 2022, Benin imported $370M in Refined Petroleum, mainly from United Arab Emirates ($104M), Saudi Arabia ($85.1M), Nigeria ($60.9M), Kuwait ($28.5M), and Chinese Taipei ($27.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Benin WERE (2021 - 2022):
India$23.1M (575%)
Kuwait$3M (6.56k%)
Netherlands$2.29M (1.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Benin WERE (2021 - 2022):
United Kingdom-$8.13M (-100%)
China-$5.29M (-100%)
Belgium-$4.45M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Benin's main exporting competitors in Refined Petroleum were:
In 2022, Benin's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $12.4M
TOP IMPORT POTENTIALNigeria+ $16.3M

Refined Petroleum’s highest export potential is India. With an export gap of $12.4M.   Refined Petroleum’s highest import potential is Nigeria with an import gap of $16.3M.

See methodology.

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