Overview In 2020 Benin was the number 149 economy in the world in terms of total exports and the number 139 in total imports.

Exports The top exports of Benin are Raw Cotton ($452M), Gold ($265M), Coconuts, Brazil Nuts, and Cashews ($120M), Soybeans ($66.6M), and Other Oily Seeds ($50.6M), exporting mostly to Bangladesh ($324M), United Arab Emirates ($280M), India ($204M), China ($60.5M), and Malaysia ($39.7M).

Imports The top imports of Benin are Rice ($663M), Cars ($252M), Palm Oil ($205M), Light Pure Woven Cotton ($205M), and Electricity ($147M), importing mostly from China ($986M), India ($438M), Togo ($233M), Thailand ($222M), and France ($221M).

Location Benin borders Burkina Faso, Niger, Nigeria, and Togo by land and Ghana by sea.

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The following section uses the most recent trade data from partners of Benin.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Raw Cotton, $452M

Top Destination (2020): Bangladesh, $324M

In 2020, Benin exported a total of $1.24B, making it the number 149 exporter in the world. During the last five reported years the exports of Benin have changed by $145M from $1.1B in 2015 to $1.24B in 2020.

The most recent exports are led by Raw Cotton ($452M), Gold ($265M), Coconuts, Brazil Nuts, and Cashews ($120M), Soybeans ($66.6M), and Other Oily Seeds ($50.6M). The most common destination for the exports of Benin are Bangladesh ($324M), United Arab Emirates ($280M), India ($204M), China ($60.5M), and Malaysia ($39.7M).

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Yearly Imports

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Top Import (2020): Rice, $663M

Top Origin (2020): China, $986M

In 2020 Benin imported $4.22B, making it the number 139 trade destination in the world. During the last five reported years the imports of Benin changed by -$2.82B from $7.04B in 2015 to $4.22B in 2020.

The most recent imports of Benin are led by Rice ($663M), Cars ($252M), Palm Oil ($205M), Light Pure Woven Cotton ($205M), and Electricity ($147M). The most common import partners for Benin are China ($986M), India ($438M), Togo ($233M), Thailand ($222M), and France ($221M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Benin Exports Services (2015): $258M

Benin Imports Services (2015): $607M

In 2015, Benin exported $258M worth of services. The top services exported by Benin in 2015 were Other transport ($128M), Business travel ($78.3M), Air transport ($14.9M), Financial services ($12.3M), and Insurance services ($11.5M).

The top services imported by Benin in 2015 were Sea transport ($279M), Air transport ($140M), Miscellaneous business, professional, and technical services ($92M), Computer and information services ($20.4M), and Insurance services ($19.6M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Benin 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.

*The tariffs applied to imports for Benin are:
136: Most Favoured Nation duty rate treatement
204: Preferential tariff for Economic Community of West African States (ECOWAS)

Economic Complexity

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Most Specialized Products by RCA Index

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Benin has a high level of specialization in Raw Cotton (428), Coconuts, Brazil Nuts, and Cashews (189), Other Oily Seeds (120), Other Vegetable Residues (44.8), and Other Pure Vegetable Oils (22.2). Specialization is measured using RCA, an index that takes the ratio between Benin observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Benin according to the product complexity index (PCI) are Potato flour, meal, flakes, etc (0.94), Signals etc for rail, tram, water-way, port, airfield (0.7), Railway and tramway track material of iron or steel (0.68), Tyre cord fabric of high tenacity manmade yarn (0.6), and Parts for electric motors and generators (0.57). 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 Benin according to the relatedness index, are Cocoa Beans (0.11), Bran (0.1), Dried Legumes (0.098), Crude Petroleum (0.098), and Molasses (0.097). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Benin 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Benin. These are products that tend to be co-exported with the products that Benin exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

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During the last 1 years Benin's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨92nd to the 87th⁩ 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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