Togo: Exports to ECOWAS at CFA53 Billion in March 2024

Economic governance
Monday, 08 July 2024 18:23
Togo: Exports to ECOWAS at CFA53 Billion in March 2024

(Togo First) - Exports from Togo to other ECOWAS countries stood at CFA52.968 billion in March 2024. The figure was disclosed by the country’s Institute of Statistics and Demographics (INSEED).

The biggest portion of the exports, 83% or CFA44.358 billion, was captured by the West African Economic and Monetary Union (UEMOA) countries. Côte d'Ivoire was Togo's main trading partner in the Union; receiving nearly CFA20 billion of goods in March. Burkina Faso was next with CFA8.9 billion and Mali followed with CFA6.2 billion.

Togo also exported CFA4.1 billion worth of goods to Benin, CFA2.3 billion to Niger, and CFA2.8 billion to Senegal.

Togo's exports outside the WAEMU totaled CFA8.6 billion. Its main buyers were Ghana and Nigeria. To these two countries, Togo exported almost CFA4 billion and CFA4.3 billion of goods respectively. Other countries like Guinea, Liberia, Gambia, and Sierra Leone represented smaller markets, with combined sales of just CFA383 million.

From February to March, Togo’s exports grew by 73%. In February 2024, they stood at CFA30.5 billion. These figures highlight the importance of the ECOWAS zone, particularly UEMOA, for Togo's trade. In Q2 2024, ECOWAS States accounted for 40% of Togo's exports.

Ayi Renaud Dossavi

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