Benin Balance of Trade2022 Data - 2023 Forecast - 2003-2021 Historical - Chart

Name: Benin Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Benin,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

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 May 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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Related	Last	Previous	Unit	Reference
Balance of Trade	-294.00	-283.50	XOF Billion	Dec 2021
Imports	412.97	428.32	XOF Billion	Dec 2021
Exports	118.98	144.82	XOF Billion	Dec 2021

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.