Refined Petroleum Exports of Ivory Coast in 2024: The Strategic Overview of the Latest Shipments of 2024

Refined petroleum export of tobacco has acknowledged several fluctuations in recent days, following Cocoa as a primary export of the nation. The increasing investments in infrastructure development, accompanied by the government initiatives boosting the oil sector, have been fueling the export of refined petroleum from the Ivory Coast in 2024. Ivory Coast Import Data says, the strong domestic production capacity of the major refineries like Societe Ivoirienne de Raffinage and Societe Africaine de Raffinage has been catering to the globally increasing demand for refined petroleum, solidifying the country’s trade ranks.

The significant growth rate and the demand for Ivorian refined petroleum products in African countries like Burkina Faso, Mali, Niger, and Togo has facilitated the export of refined petroleum from the nation in 2024, which has resulted in an export value of 5.1 billion US dollars. Import Globals gives detailed insights into the latest shipments of refined petroleum from the nation to leading importing destinations worldwide to empower the understanding of proper strategies adopted by competitors to business holders for making decisions based on regulatory shipments.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF REFINED PETROLEUM FROM THE IVORY COAST IN 2024

The Ivorian Government Authority has been implementing several initiatives to counter the export of refined petroleum from the nation at a positive rate. The expansion of refining capacity by state-announced plans to construct a new 170,000 barrels per day refinery has bolstered the capacity by a crucial rate. The initiatives are designed purposely to enhance the production of high-quality fuels and position Ivory Coast as a top exporter in the international trade.

The quality and environmental upgrades via investment in new technologies to improve fuel quality and reduce environmental impact have empowered the reduction of benzene levels via reformulation of gasoline units. The initiative is expected to align exports with global standards and support the country’s decarbonization goals. The local consent and economic development ensure the growth rate of the oil sector, benefiting the local economy. The utmost aim of the initiative is to prioritize employment and contracts for Iberian nationals and companies, while countering the domestic capacity through positive trade.

THE LEADING VARIANTS OF REFINED PETROLEUM EXPORTED FROM IVORY COAST IN 2024

Ivory Coast, being a role player in the international refined petroleum market, has introduced diversification in its export portfolio to counter the overall trade deficit positively. According to the Ivory Coast Export Data, the top 10 leading variants of refined petroleum exported from the nation in 2024 are,

  • Gasoline — Export trade value of Gasoline from Ivory Coast in 2024–976 million US dollars
  • Diesel — Export trade value of Diesel from Ivory Coast in 2024–765 million US dollars
  • Jet Fuel — Export trade value of Jet Fuel from Ivory Coast in 2024 –567 million US dollars
  • Liquefied Petroleum Gas — Export trade value of Liquefied Petroleum Gas from Ivory Coast in 2024–487 million US dollars
  • Kerosene — Export trade value of Kerosene from Ivory Coast in 2024–342 million US dollars
  • Lubricants — Export trade value of Lubricants from Ivory Coast in 2024 –287 million US dollars
  • Asphalt — Export trade value of Asphalt from Ivory Coast in 2024–165 million US dollars
  • Fuel Oil — Export trade value of Fuel Oil from Ivory Coast in 2024–122 million US dollars
  • Specialty Petroleum Products — Export trade value of Specialty Petroleum Products from Ivory Coast in 2024–87 million US dollars
  • Other Refined Petroleum Products– Export trade value of Other Refined Petroleum Products from Ivory Coast in 2024–65 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF THE IVORY COAST FOR REFINED PETROLEUM IN 2024

The country, with its affordable pricing strategies, has built up a supply chain with the top exporting regions worldwide. The growth rate in the overall demand for refined petroleum from central areas across the globe has fuelled the revenue generation. According to the Ivory Coast Customs Data, the top 10 export trade partners of the nation for refined petroleum in 2024 are,

  • Nigeria — The annual export trade value of refined petroleum from the Ivory Coast to Nigeria in 2024–897 million US dollars

Top 5 variants of refined petroleum exported

1. Propane

2. Butane

3. Isobutane

4. Propylene

5. Butylene

  • Burkina Faso — The annual export trade value of refined petroleum from Ivory Coast to Burkina Faso in 2024–765 million US dollars

Top 5 variants of refined petroleum exported

1. Ultra-Low Sulfur Diesel

2. Low Sulfur Diesel

3. High Sulfur Diesel

4. Automotive Diesel Fuel

5. Marine Diesel Oil

  • Mali — The annual export trade value of refined petroleum from Ivory Coast to Mali in 2024–654 million US dollars

Top 5 variants of refined petroleum exported

1. Jet A

2. JP-5

3. Heavy Fuel Oil

4. Intermediate Fuel Oil

5. Marine Fuel Oil

  • Ghana — The annual export trade value of refined petroleum from the Ivory Coast to Ghana in 2024–478 million US dollars

Top 5 variants of refined petroleum exported

1. Bunker Fuel

2. Residual Fuel Oil

3. Motor Oils

4. Industrial Lubricants

5. Hydraulic Oils

  • Togo– The annual export trade value of refined petroleum from Ivory Coast to Togo in 2024–328 million US dollars

Top 5 variants of refined petroleum exported

1. Gear Oils

2. Greases

3. Paving Grade Bitumen

4. Oxidized Bitumen

5. Cutback Bitumen

  • Benin– The annual export trade value of refined petroleum from Ivory Coast to Benin in 2024–276 million US dollars

Top 5 variants of refined petroleum exported

1. Propane

2. Premium Unleaded gasoline

3. Naphtha

4. Propylene

5. Motor Oils

  • Senegal — The annual export trade value of refined petroleum from the Ivory Coast to Senegal in 2024–165 million US dollars

Top 5 variants of refined petroleum exported

1. Industrial Lubricants

2. Propylene

3. Benzene

4. Toluene

5. Xylenes

  • Niger — The annual export trade value of refined petroleum from Ivory Coast to Niger in 2024–122 million US dollars

Top 5 variants of refined petroleum exported

1. Heating Oil

2. Light Naphtha

3. Heavy Naphtha

4. Gasoline

5. Butane

  • Guinea — The annual export trade value of refined petroleum from Ivory Coast to Guinea in 2024–87 million US dollars

Top 5 variants of refined petroleum exported

1. Jet A

2. Residual Fuel Oil

3. Industrial Lubricants

4. Paving Grade Bitumen

5. Cutback Bitumen

  • France — The annual export trade value of refined petroleum from the Ivory Coast to France in 2024–76 million US dollars

Top 5 variants of refined petroleum exported

1. Ethylene

2. Oxidized Bitumen

3. Microcrystalline Wax

4. Slack Wax

5. Petroleum Coke

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