2023
Exports
$17.5MWorld Rnk 86 / 150
Flag Rnk 46 / 961
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$951MWorld Rnk 55 / 159
Flag Rnk 2 / 1148
2023
ECONOMIC COMPLEXITY of Senegal
-0.51Rnk 87 / 132

About

Exports In 2023, Senegal exported $17.5M in Crude Petroleum, making it the 86th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 46th most exported product in Senegal. The main destination of Crude Petroleum exports from Senegal are: Netherlands ($12.4M), Mali ($2.21M), Nigeria ($2.03M), United Kingdom ($596k), and Belgium ($206k).

The fastest growing export markets for Crude Petroleum of Senegal between 2022 and 2023 were Netherlands ($12.4M), Nigeria ($2.03M), and Mali ($1.9M).

Imports In 2023, Senegal imported $951M in Crude Petroleum, becoming the 55th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Senegal. Senegal imports Crude Petroleum primarily from: Nigeria ($951M), United Arab Emirates ($28.6k), Australia ($763), United States ($204), and France ($3).

The fastest growing import markets in Crude Petroleum for Senegal between 2022 and 2023 were Nigeria ($559M), United Arab Emirates ($28.6k), and Australia ($763).

Latest Trends

Dec 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 (2023)$17.5M
IMPORTS (2023)$951M
NET TRADE (2023)-$934M

In 2023, Senegal exported $17.5M in Crude Petroleum. The main destinations of Senegal exports on Crude Petroleum were Netherlands ($12.4M), Mali ($2.21M), Nigeria ($2.03M), United Kingdom ($596k), and Belgium ($206k).

In 2023, Senegal imported $951M in Crude Petroleum, mainly from Nigeria ($951M), United Arab Emirates ($28.6k), Australia ($763), United States ($204), and France ($3).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Senegal WERE (2022 - 2023):
Netherlands$12.4M (16.5M%)
Nigeria$2.03M (1%)
Mali$1.9M (603%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Senegal WERE (2022 - 2023):Spain-$26M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Senegal's main exporting competitors in Crude Petroleum were:
In 2023, Senegal's main importing competitors in Crude Petroleum were:

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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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