Overview In 2020 Senegal was the number 104 economy in the world in terms of GDP (current US$), the number 121 in total exports, the number 94 in total imports, the number 160 economy in terms of GDP per capita (current US$) and the number 91 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Senegal are Gold ($753M), Refined Petroleum ($475M), Non-fillet Frozen Fish ($311M), Phosphoric Acid ($273M), and Ground Nuts ($200M), exporting mostly to Mali ($825M), Switzerland ($494M), India ($336M), China ($272M), and Australia ($207M).

Imports The top imports of Senegal are Refined Petroleum ($1.36B), Rice ($437M), Crude Petroleum ($435M), Broadcasting Equipment ($325M), and Cars ($266M), importing mostly from China ($2.23B), France ($990M), Russia ($574M), Netherlands ($562M), and India ($555M).

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

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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.

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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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Top Export (2020): Gold, $753M

Top Destination (2020): Mali, $2.23B

In 2020, Senegal exported a total of $4.05B, making it the number 121 exporter in the world. During the last five reported years the exports of Senegal have changed by $1.42B from $2.63B in 2015 to $4.05B in 2020.

The most recent exports are led by Gold ($753M), Refined Petroleum ($475M), Non-fillet Frozen Fish ($311M), Phosphoric Acid ($273M), and Ground Nuts ($200M). The most common destination for the exports of Senegal are Mali ($825M), Switzerland ($494M), India ($336M), China ($272M), and Australia ($207M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

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 (287), Niobium, Tantalum, Vanadium and Zirconium Ore (274), Ground Nuts (204), Titanium Ore (192), and Soups and Broths (156). Specialization is measured using RCA, an index that takes the ratio between Senegal observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Senegal according to the relatedness index, are Cocoa Beans (0.2), Raw Sugar (0.19), Spices (0.18), Bananas (0.18), and Crude Petroleum (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.

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 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 13 years Senegal's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨62nd to the 91st⁩ 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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