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2022
Economic Complexity
Trade -1.1Rank 117 of 133
2022
Economic Complexity
Research -0.87Rank 115 of 135
2022
Product
Exports | Imports $17.5B | $18.3B81 of 226 |  90 of 226
2022
Per Capita Product
Exports | Imports $623 | $650130 of 220 |  175 of 220

About

Overview In 2022, Cote d'Ivoire was the number 82 economy in the world in terms of GDP (current US$), the number 81 in total exports, the number 90 in total imports, the number 137 economy in terms of GDP per capita (current US$) and the number 117 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Cote d'Ivoire are Cocoa Beans ($3.33B), Gold ($2.12B), Rubber ($2.11B), Refined Petroleum ($1.88B), and Cocoa Paste ($1.08B), exporting mostly to Switzerland ($1.6B), Mali ($1.46B), Netherlands ($1.43B), United States ($1.08B), and France ($940M).

In 2022, Cote d'Ivoire was the world's biggest exporter of Cocoa Beans ($3.33B), Cocoa Paste ($1.08B), and Cocoa Shells ($195M)

Imports The top imports of Cote d'Ivoire are Crude Petroleum ($2.28B), Refined Petroleum ($1.39B), Rice ($821M), Non-fillet Frozen Fish ($680M), and Special Purpose Ships ($637M), importing mostly from China ($3.31B), Nigeria ($1.97B), France ($1.44B), India ($965M), and Belgium ($812M).

Location Cote d'Ivoire borders Burkina Faso, Ghana, Guinea, Liberia, and Mali by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cote d'Ivoire.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Cocoa Beans$3.33B
Top Destination (2022)Switzerland$1.6B

In 2022, Cote d'Ivoire exported a total of $17.5B, making it the number 81 exporter in the world. During the last five reported years the exports of Cote d'Ivoire have changed by $3.88B from $13.7B in 2017 to $17.5B in 2022.

The most recent exports are led by Cocoa Beans ($3.33B), Gold ($2.12B), Rubber ($2.11B), Refined Petroleum ($1.88B), and Cocoa Paste ($1.08B). The most common destination for the exports of Cote d'Ivoire are Switzerland ($1.6B), Mali ($1.46B), Netherlands ($1.43B), United States ($1.08B), and France ($940M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Switzerland$722M (+ 82.4%)
Mali$589M (+ 67.4%)
Ghana$367M (+ 116%)
Fastest Growing Import Markets (2021 - 2022)
Nigeria$829M (+ 72.8%)
China$465M (+ 16.4%)
Togo$416M (+ 712%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Cote d'Ivoire Exports Services (2018)$1.07B
Cote d'Ivoire Imports Services (2018)$3.44B

In 2018, Cote d'Ivoire exported $1.07B worth of services. The top services exported by Cote d'Ivoire in 2018 were Transportation ($271M), Business travel ($262M), Personal travel ($182M), Computer and information services ($163M), and Government services, n.i.e. ($90.8M).

The top services imported by Cote d'Ivoire in 2018 were Transportation ($1.74B), Other business services ($504M), Personal travel ($351M), Computer and information services ($314M), and Government services, n.i.e. ($163M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Trade)-1.1Rank 117 of 133
Economic Complexity (Research)-0.87Rank 115 of 135

Most Specialized Products by RCA Index

Cote d'Ivoire has a high level of specialization in Cocoa Beans (542), Cocoa Paste (364), Rubber (154), Coconuts, Brazil Nuts, and Cashews (133), and Cocoa Butter (127). Specialization is measured using RCA, an index that takes the ratio between Cote d'Ivoire observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Cote d'Ivoire according to the relatedness index, were Crude Petroleum (0.12), Aluminium Ore (0.12), Other Oily Seeds (0.11), Cassava (0.1), and Crustaceans (0.1). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cote d'Ivoire is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Cote D'ivoire. These are products that tend to be co-exported with the products that Cote D'ivoire exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Cote d'Ivoire's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨79th to the 117th⁩ 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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ECI (Trade) Ranking by Country

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