India, Burkina Faso, and Côte d’Ivoire were Togo’s top three buyers in Q3 2022 (INSEED)

Tuesday, 10 January 2023 17:48
India, Burkina Faso, and Côte d’Ivoire were Togo’s top three buyers in Q3 2022 (INSEED)

(Togo First) - India was Togo’s biggest buyer in Q3 2022. The Asian giant absorbed nearly a fifth (19.4%) of the West African country’s exports over that quarter, according to data from the Togolese Institute of Statistics, Economic and Demographic Studies (INSEED).

Togo exported 161,050 tons of goods to India in the third quarter of 2022, with an estimated value of CFA27.38 billion. 

Behind India came Burkina Faso and Côte d’Ivoire, respectively Togo’s second and third most important export destinations. The former captured 12.9% of the country’s exports, according to the INSEED. The latter captured 11.5% or around 15,300 t (valued at CFA16.5 billion).

With 165,000 t of goods imported from its neighbor, Benin was fourth in the ranking. The volume corresponds to 9.6% of Togo’s total exports in Q3 2022 and is valued at CFA18.3 billion. A little behind came France (7.7%), Mali (6.5%), Ghana (5.1%), and Senegal (4.6%).

The world’s biggest importer, China, was absent from the ranking–A situation attributable to its “Zero Covid Policy” in line with which the economic powerhouse has been limiting its port activities and international trade.

It should be emphasized that Togo’s top 10 buyers purchased 80.8% of its exports, in terms of value, during the quarter concerned. Overall, these exports were valued at CFA140.8 billion over the period; that is 4.3% down year-on-year.

Ayi Renaud Dossavi

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