Togo2019 Economic Complexity: -0.8, Rank 124 of 157
2019 Product Exports | Imports: $1.97B | $10.3B, 139 of 225 | 100 of 225
2019 Per Capita Product Exports | Imports: $244 | $1.27k, 179 of 219 | 134 of 219
2015 Service Exports | Imports : $411M | $296M, 138 of 170 | 156 of 170
Overview: In 2019 Togo was the number 151 economy in the world in terms of GDP (current US$), the number 139 in total exports, the number 100 in total imports, the number 176 economy in terms of GDP per capita (current US$) and the number 124 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Togo are Refined Petroleum ($410M), Crude Petroleum ($187M), Electricity ($141M), Calcium Phosphates ($95.7M), and Raw Cotton ($87M), exporting mostly to India ($322M), Benin ($290M), Burkina Faso ($113M), France ($113M), and Morocco ($103M).
Imports: The top imports of Togo are Refined Petroleum ($4.96B), Motorcycles ($336M), Crude Petroleum ($276M), Rice ($223M), and Broadcasting Equipment ($196M), importing mostly from China ($1.85B), South Korea ($1.3B), India ($1.08B), Belgium ($1.03B), and Netherlands ($839M).
Location: Togo borders Benin, Burkina Faso, and Ghana by land and Ghana by sea.
Top Export (2019): Refined Petroleum, $410M
Top Destination (2019): India, $322M
In 2019, Togo exported a total of $1.97B, making it the number 139 exporter in the world. During the last five reported years the exports of Togo have changed by -$507M from $2.48B in 2014 to $1.97B in 2019.
The most recent exports are led by Refined Petroleum ($410M), Crude Petroleum ($187M), Electricity ($141M), Calcium Phosphates ($95.7M), and Raw Cotton ($87M). The most common destination for the exports of Togo are India ($322M), Benin ($290M), Burkina Faso ($113M), France ($113M), and Morocco ($103M).
Top Import (2019): Refined Petroleum, $4.96B
Top Origin (2019): China, $1.85B
In 2019 Togo imported $10.3B, making it the number 100 trade destination in the world. During the last five reported years the imports of Togo changed by -$2.46B from $12.7B in 2014 to $10.3B in 2019.
The most recent imports of Togo are led by Refined Petroleum ($4.96B), Motorcycles ($336M), Crude Petroleum ($276M), Rice ($223M), and Broadcasting Equipment ($196M). The most common import partners for Togo are China ($1.85B), South Korea ($1.3B), India ($1.08B), Belgium ($1.03B), and Netherlands ($839M).
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).
During the last 20 years Togo's economy has become relatively less complex, moving from the 97th to the 124th 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.
Togo has a high level of specialization in Calcium Phosphates (276), Plaiting Products (240), Other Oily Seeds (109), Fake Hair (73), and Cement (60.8). 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 Organic derivatives of hydrazine or of hydroxylamine (1.15), Motorcycles, bicycles etc with auxiliary motor (0.74), Artificial staple fibres, not carded or combed (0.65), Plastic plate, sheet, film not cellular, reinforced (0.52), and Beauty, make-up and skin care preparations (0.44). 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 Gold (0.17), Niobium, Tantalum, Vanadium and Zirconium Ore (0.15), Bananas (0.15), Crustaceans (0.15), and Legumes (0.15). 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 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.
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