Benin recorded a trade deficit of 294 XOF Billion in the fourth quarter of 2021. source: INSAE, Benin

Balance of Trade in Benin averaged -201.48 XOF Billion from 2003 until 2021, reaching an all time high of -8.30 XOF Billion in the second quarter of 2005 and a record low of -679.56 XOF Billion in the third quarter of 2013. This page provides the latest reported value for - Benin Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Benin Balance of Trade - values, historical data and charts - was last updated on September of 2022.

Balance of Trade in Benin is expected to be -290.00 XOF Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Benin Balance of Trade is projected to trend around -330.00 XOF Billion in 2023 and -340.00 XOF Billion in 2024, according to our econometric models.

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Benin Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -294.00 -283.50 XOF Billion Dec 2021
Imports 495.34 505.16 XOF Billion Jun 2022
Exports 185.24 176.65 XOF Billion Jun 2022

Benin Balance of Trade
Benin’s systemic trade deficit is the result of the country’s dependence on imports for energy needs and high value-added goods. Moreover, Benin’s exports of agricultural products such as cotton, cocoa and maze are highly vulnerable to the weather and price fluctuations. Main trading partner is China (20 percent of exports and 15 percent of imports). Others include: Thailand, Togo and India.
Actual Previous Highest Lowest Dates Unit Frequency
-294.00 -283.50 -8.30 -679.56 2003 - 2021 XOF Billion Quarterly