Cote d'Ivoire2020 Economic Complexity : -1.17, Rank 108 of 127
2020 Product Exports | Imports: $10.5B | $10B, 87 of 226 | 99 of 226
2020 Per Capita Product Exports | Imports: $400 | $380, 163 of 219 | 180 of 219
2018 Service Exports | Imports : $1.07B | $3.44B, 97 of 125 | 76 of 125
Overview In 2020, Cote d'Ivoire was the number 77 economy in the world in terms of GDP (current US$), the number 87 in total exports, the number 99 in total imports, the number 144 economy in terms of GDP per capita (current US$) and the number 108 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Cote d'Ivoire are Cocoa Beans ($3.52B), Rubber ($1.27B), Cocoa Paste ($1.04B), Gold ($987M), and Coconuts, Brazil Nuts, and Cashews ($725M), exporting mostly to Netherlands ($1.33B), Switzerland ($872M), United States ($867M), France ($826M), and Malaysia ($743M).
In 2020, Cote d'Ivoire was the world's biggest exporter of Cocoa Beans ($3.52B) and Cocoa Paste ($1.04B)
Imports The top imports of Cote d'Ivoire are Crude Petroleum ($913M), Rice ($551M), Non-fillet Frozen Fish ($417M), Packaged Medicaments ($270M), and Cars ($172M), importing mostly from China ($2.33B), France ($1.25B), Nigeria ($899M), India ($499M), and Netherlands ($373M).
Location Cote d'Ivoire borders Burkina Faso, Ghana, Guinea, Liberia, and Mali by land.
The following section uses the most recent trade data from partners of Cote d'Ivoire.
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.
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.
Top Export (2020): Cocoa Beans, $3.52B
Top Destination (2020): Netherlands, $2.33B
In 2020, Cote d'Ivoire exported a total of $10.5B, making it the number 87 exporter in the world. During the last five reported years the exports of Cote d'Ivoire have changed by -$3.21B from $13.8B in 2015 to $10.5B in 2020.
The most recent exports are led by Cocoa Beans ($3.52B), Rubber ($1.27B), Cocoa Paste ($1.04B), Gold ($987M), and Coconuts, Brazil Nuts, and Cashews ($725M). The most common destination for the exports of Cote d'Ivoire are Netherlands ($1.33B), Switzerland ($872M), United States ($867M), France ($826M), and Malaysia ($743M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Cote d'Ivoire Exports Services (2018): $1.07B
Cote d'Ivoire Imports Services (2018): $3.44B
In 2018, Cote d'Ivoire exported $1.07B worth of services. The top services exported by Cote d'Ivoire in 2018 were Transportation ($271M), Business travel ($262M), Personal travel ($182M), Computer and information services ($163M), and Government services, n.i.e. ($90.8M).
The top services imported by Cote d'Ivoire in 2018 were Transportation ($1.74B), Other business services ($504M), Personal travel ($351M), Computer and information services ($314M), and Government services, n.i.e. ($163M).
Cote d'Ivoire has a high level of specialization in Cocoa Beans (654), Cocoa Paste (451), Rubber (159), Coconuts, Brazil Nuts, and Cashews (134), and Cocoa Butter (120). Specialization is measured using RCA, an index that takes the ratio between Cote d'Ivoire observed and expected exports in each product.
The highest complexity exports of Cote d'Ivoire according to the product complexity index (PCI) are Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (0.98), Chocolate and other food preparations containing cocoa (0.16), Colouring matter of vegetable or animal origin (including dyeing extracts, not animal black); whether or not chemically defined; preparations based on colouring matter of vegetable or animal origin (0.082), Tubes, pipes and hoses and fittings thereof (for example, joints, elbows, flanges), of plastics (-0.11), and Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products, plant growth regulators, disinfectants and the like, put up in forms or packings for retail sale or as preparations or articles (-0.15). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Cote d'Ivoire according to the relatedness index, are Aluminium Ore (0.1), Niobium, Tantalum, Vanadium and Zirconium Ore (0.089), Other Oily Seeds (0.088), Crude Petroleum (0.083), and Insect Resins (0.083). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cote d'Ivoire 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.
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.
During the last 20 years Cote d'Ivoire's economy has become relatively less complex, moving from the 81st to the 108th 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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.12 hog