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2022
Exports $25.2MWorld Rnk 88 / 149
Flag Rnk 33 / 935
2022
Destination $22.7M Spain
2021 - 2022
FASTEST GROWING MARKET $22.7MSpain
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $420MWorld Rnk 63 / 158
Flag Rnk 4 / 1145
2022
Origin $233 Nigeria
2021 - 2022
FASTEST GROWING ORIGIN $233United Kingdom
2022
ECONOMIC COMPLEXITY of Senegal-0.5Rnk 85 / 133

About

Exports In 2022, Senegal exported $25.2M in Crude Petroleum, making it the 88th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 33rd most exported product in Senegal. The main destination of Crude Petroleum exports from Senegal are: Spain ($22.7M), Belgium ($2.09M), Mali ($315k), United Kingdom ($72.7k), and Netherlands ($65).

The fastest growing export markets for Crude Petroleum of Senegal between 2021 and 2022 were Spain ($22.7M), Mali ($315k), and United Kingdom ($72.7k).

Imports In 2022, Senegal imported $420M in Crude Petroleum, becoming the 63rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Senegal. Senegal imports Crude Petroleum primarily from: Nigeria ($420M) and United Kingdom ($233).

The fastest growing import markets in Crude Petroleum for Senegal between 2021 and 2022 were United Kingdom ($233).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.2M
IMPORTS (2022)$420M
NET TRADE (2022)-$395M

In 2022, Senegal exported $25.2M in Crude Petroleum. The main destinations of Senegal exports on Crude Petroleum were Spain ($22.7M), Belgium ($2.09M), Mali ($315k), United Kingdom ($72.7k), and Netherlands ($65).

In 2022, Senegal imported $420M in Crude Petroleum, mainly from Nigeria ($420M) and United Kingdom ($233).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Senegal WERE (2021 - 2022):
Spain$22.7M (1%)
Mali$315k (1%)
United Kingdom$72.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Senegal WERE (2021 - 2022):
Netherlands-$17.2M (-100%)
Belgium-$395k (-15.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Senegal's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Senegal's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $11.1M
TOP IMPORT POTENTIALUnited Kingdom+ $15.3k

Crude Petroleum’s highest export potential is Spain. With an export gap of $11.1M.   Crude Petroleum’s highest import potential is United Kingdom with an import gap of $15.3k.

See methodology.

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