Togo2020 Economic Complexity : -0.87, Rank 96 of 127
2020 Product Exports | Imports: $1.66B | $9.94B, 142 of 226 | 101 of 226
2020 Per Capita Product Exports | Imports: $200 | $1.2k, 179 of 219 | 132 of 219
2015 Service Exports | Imports : $411M | $296M, 142 of 173 | 159 of 173
Overview In 2020, Togo was the number 149 economy in the world in terms of GDP (current US$), the number 142 in total exports, the number 101 in total imports, the number 174 economy in terms of GDP per capita (current US$) and the number 96 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Togo are Refined Petroleum ($240M), Calcium Phosphates ($118M), Cement ($104M), Electricity ($97.2M), and Soybeans ($84.2M), exporting mostly to Benin ($233M), India ($217M), Burkina Faso ($150M), Mali ($127M), and Ghana ($79.3M).
Imports The top imports of Togo are Refined Petroleum ($3.48B), Crude Petroleum ($561M), Motorcycles and cycles ($480M), Rice ($360M), and Broadcasting Equipment ($318M), importing mostly from China ($2.24B), Netherlands ($1.39B), India ($1.19B), South Korea ($811M), and Nigeria ($652M).
Location Togo borders Benin, Burkina Faso, and Ghana by land and Ghana by sea.
The following section uses the most recent trade data from partners of Togo.
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): Refined Petroleum, $240M
Top Destination (2020): Benin, $2.24B
In 2020, Togo exported a total of $1.66B, making it the number 142 exporter in the world. During the last five reported years the exports of Togo have changed by -$632M from $2.29B in 2015 to $1.66B in 2020.
The most recent exports are led by Refined Petroleum ($240M), Calcium Phosphates ($118M), Cement ($104M), Electricity ($97.2M), and Soybeans ($84.2M). The most common destination for the exports of Togo are Benin ($233M), India ($217M), Burkina Faso ($150M), Mali ($127M), and Ghana ($79.3M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Togo Exports Services (2015): $411M
Togo Imports Services (2015): $296M
In 2015, Togo exported $411M worth of services. The top services exported by Togo in 2015 were Air transport ($124M), Miscellaneous business, professional, and technical services ($101M), Sea transport ($72.2M), Business travel ($55.7M), and Government services, n.i.e. ($44.9M).
The top services imported by Togo in 2015 were Sea transport ($241M), Air transport ($16M), Business travel ($10M), Other transport ($7.98M), and Computer and information services ($5.62M).
Togo has a high level of specialization in Calcium Phosphates (398), Plaiting Products (284), Other Oily Seeds (117), Fake Hair (96.9), and Cement (85). Specialization is measured using RCA, an index that takes the ratio between Togo observed and expected exports in each product.
The highest complexity exports of Togo according to the product complexity index (PCI) are Articles of plastics and articles of other materials of heading no. 3901 to 3914, n.e.c. in chapter 39 (0.86), Trailers and semi-trailers; other vehicles, not mechanically propelled; parts thereof (0.74), Cells and batteries; primary (0.61), Motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without side-cars; side-cars (0.45), and Breathing appliances and gas masks; excluding protective masks having neither mechanical parts nor replaceable filters and excluding apparatus of item no. 9019.20 (0.36). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Togo according to the relatedness index, are Bananas (0.15), Insect Resins (0.15), Molasses (0.15), Crustaceans (0.15), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Togo 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 Togo's economy has become relatively less complex, moving from the nullth to the 96th 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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