Overview: In 2019 Senegal was the number 108 economy in the world in terms of GDP (current US$), the number 121 in total exports, the number 95 in total imports,
the number 154 economy in terms of GDP per capita (current US$) and the number 109 most complex economy according to the Economic Complexity Index (ECI)
In 2019, Senegal exported a total of $4.37B, making it the number 121 exporter in the world. During the last five reported years the exports of Senegal have changed by $1.55B from $2.82B in 2014 to $4.37B in 2019.
In 2019 Senegal imported $11.2B, making it the number 95 trade destination in the world. During the last five reported years the imports of Senegal changed by $2.21B from $8.95B in 2014 to $11.2B in 2019.
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).
*The tariffs applied to imports for Senegal are:136: Most Favoured Nation duty rate treatement323: Preferential tariff for UEMOA (French: Union Economique et Monétaire Ouest-Africaine)
During the last 20 years Senegal's economy has become relatively less complex, moving from the 67th to the 109th 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.
The top export opportunities for Senegal according to the relatedness index, are Crude Petroleum (0.22), Raw Sugar (0.2), Bran (0.19), Other Ores (0.19), and Tin Ores (0.19). 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.
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.