Overall Exports and Imports for Benin 2023
- The total value of exports (FOB) is US$ 1,052 million.
- The total value of imports (CIF) is US$ 3,905 million.
- At the HS6 digit level, 761 products are exported to 101 countries and 3,125 products are imported from 144 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Benin along with trade value are:
- Benin exported Cotton, not carded or combed , worth 504,688.93 (US$ Thousands).
- Benin exported Cashew nuts, fresh or dried , worth 112,022.47 (US$ Thousands).
- Benin exported Soya beans , worth 91,456.49 (US$ Thousands).
- Benin exported Petroleum oils, etc, (excl. crude); preparation , worth 40,469.67 (US$ Thousands).
- Benin exported Oil-cake and other solid residues, of soya-bean , worth 26,015.48 (US$ Thousands).
The top five imported HS 6 digit level products from world by Benin along with trade value are
- Benin imported Semi-milled or wholly milled rice , worth 637,814.13 (US$ Thousands).
- Benin imported Petroleum oils, etc, (excl. crude); preparation , worth 493,893.91 (US$ Thousands).
- Benin imported Palm oil (excl. crude) and liquid fractions , worth 147,330.07 (US$ Thousands).
- Benin imported Electrical energy , worth 118,826.98 (US$ Thousands).
- Benin imported Other medicaments of mixed or unmixed products, , worth 92,827.86 (US$ Thousands).
Benin top 5 Export and Import partners 2023
The top five countries to which Benin exported 2023 along with the partner share in percentage are:
- Benin exports to Bangladesh worth US$ 391 million, with a partner share of 37.20 percent.
- Benin exports to India worth US$ 162 million, with a partner share of 15.41 percent.
- Benin exports to Pakistan worth US$ 76 million, with a partner share of 7.21 percent.
- Benin exports to Togo worth US$ 57 million, with a partner share of 5.45 percent.
- Benin exports to China worth US$ 55 million, with a partner share of 5.27 percent.
The top five countries to which Benin imported goods 2023 along with the share in percentage are
- Benin imports from India worth US$ 666 million, with a partner share of 17.05 percent.
- Benin imports from China worth US$ 500 million, with a partner share of 12.80 percent.
- Benin imports from France worth US$ 338 million, with a partner share of 8.65 percent.
- Benin imports from United States worth US$ 205 million, with a partner share of 5.25 percent.
- Benin imports from Nigeria worth US$ 201 million, with a partner share of 5.15 percent.
Benin Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Benin Raw materials exports are worth US$ 763 million, product share of 72.51%.
- Benin Raw materials imports are worth US$ 321 million, product share of 8.21%.
- Benin Intermediate goods exports are worth US$ 139 million, product share of 13.25%.
- Benin Intermediate goods imports are worth US$ 801 million, product share of 20.51%.
- Benin Consumer goods exports are worth US$ 94 million, product share of 8.95%.
- Benin Consumer goods imports are worth US$ 2,095 million, product share of 53.66%.
- Benin Capital goods exports are worth US$ 46 million, product share of 4.36%.
- Benin Capital goods imports are worth US$ 682 million, product share of 17.46%.
Benin Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.41.
- Index of export market penetration is 0.41.
- World Growth in percentage is 0.41 and Benin Country Growth is -2.67.
Benin Service Trade data from WDI 2023
- Benin, Service imports (BoP, current US$) is 1,540,431,080.82.
- Benin, Service exports (BoP, current US$) is 461,100,622.56.
- Benin, Imports of goods and services as percentage of GDP is 24.66 %.
- Benin, Exports of goods and services as percentage of GDP is 20.00 %.