2022
Exports
$5.59MWorld Rnk 71 / 155
Flag Rnk 87 / 935
2022
PRODUCT COMPLEXITY IN Margarine
-0.83Rnk 786 / 1025
2022
Imports
$12.6MWorld Rnk 109 / 219
Flag Rnk 201 / 1145
2022
ECONOMIC COMPLEXITY of Senegal
-0.5Rnk 85 / 133

About

Exports In 2022, Senegal exported $5.59M in Margarine, making it the 71st largest exporter of Margarine in the world. At the same year, Margarine was the 87th most exported product in Senegal. The main destination of Margarine exports from Senegal are: Mali ($1.66M), Burkina Faso ($1.12M), Gambia ($990k), Guinea-Bissau ($734k), and Guinea ($625k).

The fastest growing export markets for Margarine of Senegal between 2021 and 2022 were Gambia ($637k), Guinea-Bissau ($487k), and Mali ($280k).

Imports In 2022, Senegal imported $12.6M in Margarine, becoming the 109th largest importer of Margarine in the world. At the same year, Margarine was the 201st most imported product in Senegal. Senegal imports Margarine primarily from: Indonesia ($8.67M), Belgium ($1.44M), France ($857k), Singapore ($566k), and Malaysia ($381k).

The fastest growing import markets in Margarine for Senegal between 2021 and 2022 were Belgium ($313k), France ($306k), and Burkina Faso ($106k).

Latest Trends

Jul 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 Margarine. 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)$5.59M
IMPORTS (2022)$12.6M
NET TRADE (2022)-$6.98M

In 2022, Senegal exported $5.59M in Margarine. The main destinations of Senegal exports on Margarine were Mali ($1.66M), Burkina Faso ($1.12M), Gambia ($990k), Guinea-Bissau ($734k), and Guinea ($625k).

In 2022, Senegal imported $12.6M in Margarine, mainly from Indonesia ($8.67M), Belgium ($1.44M), France ($857k), Singapore ($566k), and Malaysia ($381k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Senegal WERE (2021 - 2022):
Gambia$637k (181%)
Guinea-Bissau$487k (197%)
Mali$280k (20.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Senegal WERE (2021 - 2022):
Burkina Faso-$105k (-8.54%)
Cote d'Ivoire-$102k (-100%)
United Kingdom-$48.1k (-99.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Senegal's main exporting competitors in Margarine were:
In 2022, Senegal's main importing competitors in Margarine were:
China $1.33B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuinea+ $59.5k
TOP IMPORT POTENTIALBelgium+ $324k

Margarine’s highest export potential is Guinea. With an export gap of $59.5k.   Margarine’s highest import potential is Belgium with an import gap of $324k.

See methodology.

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