Reviewing trade between Togo and the UK

Economic governance
Tuesday, 14 May 2019 16:27
Reviewing trade between Togo and the UK

(Togo First) - As the UK recently said it would boost cooperation with Togo, across different economic sectors, Togo First reviews the state of trade between the two nations.

According to latest data made available, trade between the UK and Togo in 2017 was valued at $48.9 million. Exports, since 1993, have been very meager totaling only $0.7 million in 2017. In contrast, imports grew rapidly, exceeding $448 million in 2012 before falling progressively to $48.2 million in 2017. 

Trade balance is therefore $47.5 million, or 97% of total trade with the European country.

Provisional statistics from Comtrade shows that British exports to Togo almost doubled in 2018. Indeed, last year Togo imported more than $73 million of goods from the Island, against $4.5 million only for exports.

Mostly, the UK exports to Togo include combustible minerals, oil and gas, clothing (used and new), drinks (liquors and sodas), vinegar, cars, electronic equipment, etc.

For its part, the West African nation exports oleaginous products and fruits, cereals, gains, fruits, artwork, antiquities and collector items.  

In 2017, Togo was the UK’s 117th export market and its 182nd import market.

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