Togo records slump in exports in 2017, due to lower re-exports of goods and phosphate

Economic governance
Monday, 12 November 2018 14:03
Togo records slump in exports in 2017, due to lower re-exports of goods and phosphate

(Togo First) - In 2017, the value of goods exported by Togo fell by CF112 billion after rising over the two previous consecutive years.

From CFA644.1 billion in 2016, exports value, excluding transportation, insurance and duty fees, slumped to CFA532.1 billion (-14%) in 2016.

The decrease was spurred by lower re-exportations (-81%) of phosphate (-17.5%), chemical products, clinker and cement, cocoa products, coffee, etc. However it was cushioned by exports of cotton, palm oil, oil products, gold and precious metals.

In parallel, imports reduced as well, just like in 2016, by 14.5%, standing at CFA946 billion. Here, the decrease was mainly due to a slump of equipment goods purchases, from CFA339.4 billion in 2016, to CFA202.1 billion in 2017 (-40%).  

Fiacre E. Kakpo

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