2023
Exports
$40.5MWorld Rnk 126 / 214
Flag Rnk 5 / 682
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$397MWorld Rnk 140 / 226
Flag Rnk 2 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $40.5M in Refined Petroleum, making it the 126th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Benin. The main destination of Refined Petroleum exports from Benin are: India ($30.5M), Kuwait ($4.84M), Chinese Taipei ($1.49M), Mali ($1.02M), and Burkina Faso ($810k).

The fastest growing export markets for Refined Petroleum of Benin between 2022 and 2023 were India ($3.35M), Kuwait ($1.79M), and Chinese Taipei ($1.49M).

Imports In 2023, Benin imported $397M in Refined Petroleum, becoming the 140th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Benin. Benin imports Refined Petroleum primarily from: Nigeria ($62.2M), Russia ($54.3M), Sweden ($52.9M), India ($43M), and Togo ($37.6M).

The fastest growing import markets in Refined Petroleum for Benin between 2022 and 2023 were Sweden ($52.9M), Russia ($48.6M), and Togo ($34.3M).

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 Refined 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)$40.5M
IMPORTS (2023)$397M
NET TRADE (2023)-$356M

In 2023, Benin exported $40.5M in Refined Petroleum. The main destinations of Benin exports on Refined Petroleum were India ($30.5M), Kuwait ($4.84M), Chinese Taipei ($1.49M), Mali ($1.02M), and Burkina Faso ($810k).

In 2023, Benin imported $397M in Refined Petroleum, mainly from Nigeria ($62.2M), Russia ($54.3M), Sweden ($52.9M), India ($43M), and Togo ($37.6M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Benin WERE (2022 - 2023):
India$3.35M (12.4%)
Kuwait$1.79M (58.9%)
Chinese Taipei$1.49M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Benin WERE (2022 - 2023):
Mali-$663k (-39.4%)
Malaysia-$467k (-98.3%)
Netherlands-$122k (-98.1%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Refined Petroleum were:
In 2023, Benin's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $12.4M
TOP IMPORT POTENTIALNigeria+ $16.3M

Refined Petroleum’s highest export potential is India. With an export gap of $12.4M.   Refined Petroleum’s highest import potential is Nigeria with an import gap of $16.3M.

See methodology.

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