Flag Togo

Econ Complexity (2018): -0.66, Rank 99 of 137

Product Exports (2018): $2.53B, Rank 131 of 222

Exports Per Capita (2018): $321, Rank 19 of 219

Product Imports (2018): $10.6B, Rank 99 of 221

Imports Per Capita (2018): $1.35k, Rank 9 of 219

Service Exports (2015): $411M, Rank 138 of 170

Service Imports (2015): $296M, Rank 156 of 170

GDP (2018): $5.36B, CURRENT US$
Rank 153 of 196

GDP growth (2008 - 2018): 61.9%, CURRENT US$
Rank 68 of 196

GDP PC (2018): $679, CURRENT US$
Rank 184 of 196

GDP PC GROWTH (2008 - 2018): 24.8%, CURRENT US$
Rank 95 of 196

Overview: In 2018 Togo was the number 153 economy in the world in terms of GDP (current US$), the number 131 in total exports, the number 99 in total imports, and the number 99 most complex economy according to the Economic Complexity Index (ECI). In 2018, Togo exported $2.53B and imported $10.6B, resulting in a negative trade balance of -$8.08B. In 2018, Togo's exports per capita were $321 and its imports per capita were $1.35k.

Trade: The top exports of Togo are Refined Petroleum ($1.15B), Gold ($371M), Crude Petroleum ($130M), Other Oily Seeds ($122M), and Cement ($98.3M). The top imports of Togo are Refined Petroleum ($5.85B), Light Pure Woven Cotton ($458M), Broadcasting Equipment ($382M), Motorcycles ($259M), and Palm Oil ($208M).

Destinations: Togo exports mostly to Angola ($894M), United Arab Emirates ($262M), India ($247M), Benin ($159M), and Cote d'Ivoire ($156M), and imports mostly from China ($1.99B), Netherlands ($1.78B), Belgium-Luxembourg ($1.59B), South Korea ($1.06B), and United States ($626M).

Location: Togo borders Benin, Burkina Faso, and Ghana by land and Ghana by sea.

Product Exports

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Value
Depth

Top Export (2018): Refined Petroleum, $1.15B

Top Destination (2018): Angola, $894M

In 2018 Togo exported a total of $2.53B, making it the number 131 exporter in the world. During the last five reported years the exports of Togo have changed by -$153M from $2.69B in 2013 to $2.53B in 2018.

The most recent exports are led by Refined Petroleum ($1.15B), Gold ($371M), Crude Petroleum ($130M), Other Oily Seeds ($122M), and Cement ($98.3M). The most common destination for the exports of Togo are Angola ($894M), United Arab Emirates ($262M), India ($247M), Benin ($159M), and Cote d'Ivoire ($156M).

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Product Imports

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Depth

Top Import (2018): Refined Petroleum, $5.85B

Top Origin (2018): China, $1.99B

In 2018 Togo imported $10.6B, making it the number 99 trade destination in the world. During the last five reported years the imports of Togo changed by $1.39B from $9.22B in 2013 to $10.6B in 2018.

The most recent imports of Togo are led by Refined Petroleum ($5.85B), Light Pure Woven Cotton ($458M), Broadcasting Equipment ($382M), Motorcycles ($259M), and Palm Oil ($208M). The most common import partners for Togo are China ($1.99B), Netherlands ($1.78B), Belgium-Luxembourg ($1.59B), South Korea ($1.06B), and United States ($626M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Togo. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Economic Complexity Ranking

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During the last 10 years Togo's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨108th to the 99th⁩ 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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Most Specialized Products by RCA Index

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Togo has a high level of specialization in Calcium Phosphates (184), Other Oily Seeds (173), Cement (61), Scrap Vessels (54.3), and Coconuts, Brazil Nuts, and Cashews (41.5). Specialization is measured using RCA, an index that takes the ratio between Togo observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Togo according to the product complexity index (PCI) are Parts of railway, tramway locomotives, rolling-stock (1.11), Motorcycles, bicycles etc with auxiliary motor (0.63), Candles, tapers and the like (0.43), Salted, dried or smoked meat or offal, flour and meal (0.33), and Nickel waste or scrap (0.21). 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 Togo according to the relatedness index, are Crude Petroleum (0.12), Crustaceans (0.12), Insect Resins (0.12), Bananas (0.12), and Spices (0.11). 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.

Diversification Frontier

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Depth

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.