Senegal2021 Economic Complexity : -0.59, Rank 88 of 131
2021 Product Exports | Imports: $5.25B | $14.3B, 117 of 226 | 94 of 226
2021 Per Capita Product Exports | Imports: $305 | $834, 176 of 219 | 163 of 219
2018 Service Exports | Imports : $1.4B | $1.68B, 104 of 138 | 104 of 138
Overview In 2021, Senegal was the number 100 economy in the world in terms of GDP (current US$), the number 117 in total exports, the number 94 in total imports, the number 148 economy in terms of GDP per capita (current US$) and the number 88 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Senegal are Gold ($1.01B), Refined Petroleum ($621M), Phosphoric Acid ($473M), Non-fillet Frozen Fish ($304M), and Ground Nuts ($285M), exporting mostly to Mali ($1.05B), Switzerland ($762M), India ($529M), China ($350M), and Australia ($219M).
Imports The top imports of Senegal are Refined Petroleum ($2.39B), Rice ($476M), Crude Petroleum ($463M), Cars ($361M), and Packaged Medicaments ($330M), importing mostly from China ($3.02B), Russia ($1.31B), France ($1.09B), India ($908M), and Netherlands ($712M).
In 2021, Senegal was the world's biggest importer of Processed Synthetic Staple Fibers ($47.8M)
Location Senegal borders Gambia, Guinea, Guinea-Bissau, Mali, and Mauritania by land and Cape Verde by sea.
The following section uses the most recent trade data from partners of Senegal.
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.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2021, Senegal exported a total of $5.25B, making it the number 117 exporter in the world. During the last five reported years the exports of Senegal have changed by $2.35B from $2.9B in 2016 to $5.25B in 2021.
The most recent exports are led by Gold ($1.01B), Refined Petroleum ($621M), Phosphoric Acid ($473M), Non-fillet Frozen Fish ($304M), and Ground Nuts ($285M). The most common destination for the exports of Senegal are Mali ($1.05B), Switzerland ($762M), India ($529M), China ($350M), and Australia ($219M).
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).
Senegal has a high level of specialization in Phosphoric Acid (316), Ground Nuts (274), Niobium, Tantalum, Vanadium and Zirconium Ore (236), Titanium Ore (232), and Ground Nut Oil (204). Specialization is measured using RCA, an index that takes the ratio between Senegal observed and expected exports in each product.
The highest complexity exports of Senegal according to the product complexity index (PCI) are Interchangeable Tool Parts (1.67), Large Flat-Rolled Iron (0.59), Antiknock (0.58), Steel Bars (0.56), and Cranes (0.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Senegal according to the relatedness index, were Cocoa Beans (0.19), Crude Petroleum (0.19), Raw Sugar (0.18), Spices (0.18), and Bran (0.18). 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 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 Senegal's economy has become relatively less complex, moving from the nullth 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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