Benin recorded a trade deficit of 284.82 CFA Franc Billion in the fourth quarter of 2020. source: INSAE, Benin

Balance of Trade in Benin averaged -195.51 CFA Franc Billion from 2003 until 2020, reaching an all time high of -8.30 CFA Franc Billion in the second quarter of 2005 and a record low of -679.56 CFA Franc 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 2021.

Balance of Trade in Benin is expected to be -335.00 CFA Franc Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Benin to stand at -307.90 in 12 months time. In the long-term, the Benin Balance of Trade is projected to trend around -335.00 CFA Franc Billion in 2022, according to our econometric models.

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Benin Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-284.82 -258.34 -8.30 -679.56 2003 - 2020 CFA Franc Billion Quarterly

Benin Trade Last Previous Highest Lowest Unit
Balance of Trade -284.82 -258.34 -8.30 -679.56 CFA Franc Billion [+]
Current Account -580.56 -648.78 10.55 -886.09 USD Million [+]
Current Account to GDP -5.50 -4.00 0.66 -29.75 percent [+]
Imports 379.65 373.76 744.61 27.40 CFA Franc Billion [+]
Exports 94.83 115.43 185.16 0.80 CFA Franc Billion [+]
Terrorism Index 0.66 0.00 0.66 0.00 [+]


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.