The decrease in phosphate sales caused mining exports income to slump in 2019

Economic governance
Thursday, 21 January 2021 06:42
The decrease in phosphate sales caused mining exports income to slump in 2019

(Togo First) - In 2019, Togo’s mining exports slumped by 8.2%, from nearly CFA100 billion in 2018 to nearly CFA92 billion. The figures were revealed by the Central Bank of West African States (BCEAO). 

In detail, clinker exports in 2019 made up 60% of the country’s mining exports that year. They generated CFA53.8 billion, up 1% compared to 2018. Benin, Ghana, and Burkina Faso were the main buyers. 

Meanwhile, phosphate exports fell from CFA46.2 billion in 2018 to CFA37.5 billion in 2019 (-19%). According to the BCEAO, volumes exported were 15% lower from one year to the other. The main buyers in 2019 were India, Australia, and Canada. 

In 2019, Togo’s total export income was CFA618.2 billion, up 3% from the amount recorded in 2018. 

Klétus Situ (intern)

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