Benin

In 2014, the value of merchandise exports of Benin increased substantially by 58.0 percent to reach 951.0 mln US$, while its merchandise imports increased substantially by 22.3 percent to reach 3.6 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 2.6 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -916.5 mln US$ (see graph 4). Merchandise exports in Benin were diversified amongst partners; imports were also diversified. The top 15 partners accounted for 80 percent or more of exports and 16 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Benin decreased slightly by 1.5 percent, reaching 407.1 mln US$, while its imports of services increased substantially by 13.1 percent and reached 569.6 mln US$ (see graph 2). There was a moderate trade in services deficit of 162.4 mln US$.

Related Subject(s): International Trade and Finance

Countries: Benin