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 102 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Senegal are Gold ($679M), Refined Petroleum ($628M), Phosphoric Acid ($346M), Non-fillet Frozen Fish ($322M), and Ground Nuts ($192M), exporting mostly to Mali ($960M), Switzerland ($620M), India ($400M), China ($289M), and Spain ($171M).

Imports The top imports of Senegal are Refined Petroleum ($2.1B), Crude Petroleum ($402M), Rice ($350M), Cars ($236M), and Malt Extract ($219M), importing mostly from China ($1.94B), France ($1.23B), Belgium ($831M), Russia ($772M), and Netherlands ($729M).

In 2019, Senegal was the world's biggest importer of Processed Synthetic Staple Fibers ($39.1M)

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

Historical Data

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Yearly Exports

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Top Export (2019): Gold, $679M

Top Destination (2019): Mali, $960M

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.

The most recent exports are led by Gold ($679M), Refined Petroleum ($628M), Phosphoric Acid ($346M), Non-fillet Frozen Fish ($322M), and Ground Nuts ($192M). The most common destination for the exports of Senegal are Mali ($960M), Switzerland ($620M), India ($400M), China ($289M), and Spain ($171M).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $2.1B

Top Origin (2019): China, $1.94B

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.

The most recent imports of Senegal are led by Refined Petroleum ($2.1B), Crude Petroleum ($402M), Rice ($350M), Cars ($236M), and Malt Extract ($219M). The most common import partners for Senegal are China ($1.94B), France ($1.23B), Belgium ($831M), Russia ($772M), and Netherlands ($729M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

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.

*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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Most Specialized Products by RCA Index

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Senegal has a high level of specialization in Phosphoric Acid (350), Niobium, Tantalum, Vanadium and Zirconium Ore (261), Ground Nuts (250), Titanium Ore (166), and Soups and Broths (164). 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 Sharpening, honing, lapping, grinding machine tools (1.77), Auxiliary machinery and parts for textile machinery (1.45), Machinery for paper pulp, paper, paperboard making nes (1.19), Gasoline and oil additives (0.71), and Pipe, welded, riveted iron or steel, diameter >406.4mm (0.7). 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 (0.22), 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.

Relatedness Space

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This network shows the products most related to the production structure of Senegal. These are products that tend to be co-exported with the products that Senegal 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 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.

Economic Complexity Ranking

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During the last 15 years Senegal's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨69th to the 102nd⁩ 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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