Ivory Coast Import Export Report and Analysis

Ivory Coast has a structurally positive trade balance and this trend will continue in the upcoming years. As per Ivory Coast Import Data, the country imported goods worth USD 10.6 billion of goods. The major imports included crude petroleum, rice, non-fillet frozen fish, refined petroleum, and packaged medicaments.

As per Ivory Coast Custom data, the major import partners are China, Nigeria, France, India and United States. The country is the 99th importer country. The country imports from India were US$447.49 million during 2019.

Ivory Coast Imports from United Arab Emirates of petroleum oils, oils obtained from bituminous minerals was US$7.41 million during 2019. Crude oil is imported for refinement in local refineries that are configured for heavier oil produced elsewhere.

As per Ivory Coast Export Data, the exports of the country decreased to 814.90 XOF billion in December from 926.60 XOF billion in November. Ivory Coast’s biggest exported products are cocoa beans, natural rubber, cocoa paste, gold and cashew or coconuts. These top 5 represents collectively 72.5% of the total value for all Ivory Coast’s exports showcasing a highly concentrated portfolio of exported products.

The major export partners of the country are United States, France, Spain and Malaysia. The country is the second largest economy in West Africa and the top world exporter of cocoa and cashews, boasting enormous economic potential.

The country is the world’s largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. It is the UK’s 88th largest trading partner in the four quarter. In the pandemic era, as per Ivory Coast Shipment data, exports of the country decreased to 814.90 XOF billion in December from 926.60 XOF billion in November 2021.

Ivory Coast is the largest economy in West African economic and monetary union. It is the world’s top exporter of cocoa beans. The country is looking to industrialize and transform its economy to become an emerging country.

To achieve this government has made number of reforms in various sectors to allure more investment. Ivory Coast is the United States largest goods export market in 2019. US goods exports were $279 million down 10% from 2018.

US total exports of agricultural products to Ivory Coast totalled $18 million in 2019. Leading domestic export categories include condiments and sauces, rice, prepared food, processed vegetables and beef products.

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