Flag Senegal

Econ Complexity (2018): -0.51, Rank 88 of 137

Product Exports (2018): $3.89B, Rank 120 of 222

Exports Per Capita (2018): $245, Rank 25 of 219

Product Imports (2018): $11.1B, Rank 97 of 221

Imports Per Capita (2018): $701, Rank 17 of 219

Service Exports (2018): $1.4B, Rank 63 of 88

Service Imports (2018): $1.68B, Rank 65 of 88

GDP (2018): $24.1B, CURRENT US$
Rank 110 of 196

GDP growth (2008 - 2018): 42.4%, CURRENT US$
Rank 95 of 196

GDP PC (2018): $1,522, CURRENT US$
Rank 161 of 196

GDP PC GROWTH (2008 - 2018): 7.79%, CURRENT US$
Rank 127 of 196

Overview: This page contains the latest international trade data for Senegal, including service trade data, and tariffs. In 2018 Senegal was the number 110 economy in the world in terms of GDP (current US$), the number 120 in total exports, the number 97 in total imports, and the number 88 most complex economy according to the Economic Complexity Index (ECI). In 2018, Senegal exported $3.89B and imported $11.1B, resulting in a negative trade balance of -$7.23B. In 2018, Senegal's exports per capita were $245 and its imports per capita were $701.

Trade: The top exports of Senegal are Gold ($587M), Refined Petroleum ($404M), Phosphoric Acid ($319M), Non-fillet Frozen Fish ($276M), and Cement ($155M). The top imports of Senegal are Refined Petroleum ($1.84B), Crude Petroleum ($623M), Rice ($457M), Cars ($246M), and Wheat ($194M).

Destinations: Senegal exports mostly to Mali ($699M), Switzerland ($536M), India ($383M), Spain ($184M), and Italy ($164M), and imports mostly from China ($1.94B), France ($1B), Netherlands ($796M), Belgium-Luxembourg ($742M), and Nigeria ($645M).

Location: Senegal borders Gambia, Guinea, Guinea-Bissau, Mali, and Mauritania by land and Cape Verde by sea.

Yearly Exports

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Top Export (2018): Gold, $587M

Top Destination (2018): Mali, $699M

In 2018 Senegal exported a total of $3.89B, making it the number 120 exporter in the world. During the last five reported years the exports of Senegal have changed by $1.11B from $2.78B in 2013 to $3.89B in 2018.

The most recent exports are led by Gold ($587M), Refined Petroleum ($404M), Phosphoric Acid ($319M), Non-fillet Frozen Fish ($276M), and Cement ($155M). The most common destination for the exports of Senegal are Mali ($699M), Switzerland ($536M), India ($383M), Spain ($184M), and Italy ($164M).

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Yearly Imports

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Depth

Top Import (2018): Refined Petroleum, $1.84B

Top Origin (2018): China, $1.94B

In 2018 Senegal imported $11.1B, making it the number 97 trade destination in the world. During the last five reported years the imports of Senegal changed by $3.57B from $7.55B in 2013 to $11.1B in 2018.

The most recent imports of Senegal are led by Refined Petroleum ($1.84B), Crude Petroleum ($623M), Rice ($457M), Cars ($246M), and Wheat ($194M). The most common import partners for Senegal are China ($1.94B), France ($1B), Netherlands ($796M), Belgium-Luxembourg ($742M), and Nigeria ($645M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Senegal Exports Services (2018): $1.4B

Senegal Imports Services (2018): $1.68B

In 2018, Senegal exported $1.4B worth of services. The top services exported by Senegal in 2018 were Personal travel ($396M), Computer and information services ($206M), Government services, n.i.e. ($205M), Other business services ($197M), and Transportation ($162M).

The top services imported by Senegal in 2018 were Transportation ($935M), Other business services ($177M), Insurance services ($135M), Computer and information services ($124M), and Personal travel ($91M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Senegal. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Senegal are Birds' eggs, in shell: fresh, not for incubation, of fowls of the species Gallus domesticus (domestic hens) (35%) and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (35%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Senegal are:
136: Most Favoured Nation duty rate treatement
323: Preferential tariff for UEMOA (French: Union Economique et Monétaire Ouest-Africaine)

Economic Complexity

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Economic Complexity Ranking

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During the last 14 years Senegal's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨66th to the 88th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Senegal has a high level of specialization in Phosphoric Acid (355), Niobium, Tantalum, Vanadium and Zirconium Ore (218), Soups and Broths (187), Titanium Ore (154), and Ground Nuts (129). Specialization is measured using RCA, an index that takes the ratio between Senegal observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Senegal according to the product complexity index (PCI) are Machines for hot working of glass, light bulbs, etc (1.67), Gasoline and oil additives (0.79), Electric generating sets and rotary converters (0.74), Bar, rod, hot-rolled alloy steel, irregular coils nes (0.67), and Flat-rolled iron/steel, <600mm, not clad, plated, etc (0.64). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Senegal according to the relatedness index, are Crude Petroleum (0.23), Cocoa Beans (0.21), Bananas (0.2), Molasses (0.2), and Petroleum Gas (0.2). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Senegal is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.