Togo

In 2013, the value of merchandise exports of Togo increased substantially by 11.3 percent to reach 1.0 bln US$, while its merchandise imports increased substantially by 20.2 percent to reach 2.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 999.9 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -552.5 mln US$ (see graph 4). Merchandise exports in Togo were diversified amongst partners; imports were also diversified. The top 10 partners accounted for 80 percent or more of exports and 22 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Togo decreased substantially by 15.9 percent, reaching 428.0 mln US$, while its imports of services decreased moderately by 7.1 percent and reached 440.0 mln US$ (see graph 2). There was a relatively small trade in services deficit of 12.0 mln US$.

Related Subject(s): International Trade and Finance

Countries: Togo