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Benin Trade Summary

2020

Benin exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BENIN 2020

Overall Exports and Imports for Benin 2020

Exports and imports of Benin in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 846 million.
  • The total value of imports (CIF) was 2,654 million.
  • At the HS6 digit level, 596 products were exported to 95 countries and 2,930 products were imported from 133 countries.

Benin top 5 Export and Import partners 2020

Top five countries to which Benin exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Benin exports to Bangladesh worth US$ 326 million, with a partner share of 38.51 percent.
  2. Benin exports to India worth US$ 101 million, with a partner share of 11.89 percent.
  3. Benin exports to China worth US$ 56 million, with a partner share of 6.64 percent.
  4. Benin exports to Malaysia worth US$ 40 million, with a partner share of 4.72 percent.
  5. Benin exports to Ukraine worth US$ 40 million, with a partner share of 4.70 percent.

Top five countries from which Benin imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Benin imports from China worth US$ 306 million, with a partner share of 11.53 percent.
  2. Benin imports from India worth US$ 304 million, with a partner share of 11.47 percent.
  3. Benin imports from France worth US$ 278 million, with a partner share of 10.49 percent.
  4. Benin imports from Belgium worth US$ 166 million, with a partner share of 6.24 percent.
  5. Benin imports from Togo worth US$ 134 million, with a partner share of 5.03 percent.

Benin Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Benin along with trade value are:

  1. Benin exported Cotton, not carded or combed , worth 451,293.80 (US$ Thousands).
  2. Benin exported Cashew nuts, fresh or dried , worth 57,053.74 (US$ Thousands).
  3. Benin exported Petroleum oils, etc, (excl. crude); preparation , worth 37,242.21 (US$ Thousands).
  4. Benin exported Other oil seeds and oleaginous fruits, nes , worth 32,874.81 (US$ Thousands).
  5. Benin exported Oil-cake and other solid residues of cotton see , worth 30,248.02 (US$ Thousands).

The top five imported HS 6 digit level products from world by Benin along with trade value are

  1. Benin imported Semi-milled or wholly milled rice , worth 370,756.03 (US$ Thousands).
  2. Benin imported Petroleum oils, etc, (excl. crude); preparation , worth 346,476.13 (US$ Thousands).
  3. Benin imported Other medicaments of mixed or unmixed products, , worth 85,684.56 (US$ Thousands).
  4. Benin imported Frozen fish, nes , worth 74,425.67 (US$ Thousands).
  5. Benin imported Electrical energy , worth 72,629.35 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Benin in 2020 are below

  • The maximum rate of tariff in percentage on any product was 35 percent.
  • The simple average tariff across all products was 11.67 percent.
  • The trade weighted average tariff was 9.86 .
  • The total duty free imports in thousands of US dollars were 596,357.27 and duty free tariff line items share was 19.91 percent.

Development Indicators 2020

Key Development Indicators of Benin in 2020 are below

  • Benin GDP in current US dollar was 15,652 million.
  • GNI per capita, Atlas method (current US$) was 1,230.00 .
  • Benin Trade balance: as % of GDP was -5.09.
  • Trade balance in current US$ was -796.00 million.
  • Trade as percentage of GDP was 44.83 .
  • Trade in services as percentage of GDP was 8.31 .

Trade Indicators 2020

Trade Indicators for Benin in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.34.
  • Index of export market penetration was 1.52.
  • World Growth in percentage was -3.77 and Benin Country Growth was -16.90 .