Refined Petroleum Import of Ivory Coast: The Information of the Top Trade Partners in 2024

Ivory Coast, situated in western Africa surrounded by Liberia, Burkina Faso, and Ghana in the north and east direction, has emerged as a top importer of refinery petroleum in the international trade market. Ivory Coast Export Data says, the growth rate of the national fuel consumption is expected to be 6% in 2024 with an approximate 65,000 barrels per day, accompanied by the up gradation of the refineries, which has boosted the import rate. For the optimal operation of existing plants, several crude oils are being demanded from the domestic authorities to align the crude feedstock in transition phases, contributing to the increase in imports. The regional supply hub emergence, due to the aim of Ivory Coast to become a West African refining hub, has also been fueling the import levels in a temporary manner, as the country has been expanding its refinery output capacity.

The efficient production rate of the industrial sectors and the substantial dependency on imports accompanied by the rising disposable incomes and growing middle-class population have resulted in an import trade value of refined petroleum worth 9 billion US dollars in 2024. Import Globals Ivory Coast trade data gives specific detailed information on the total annual amount of refined petroleum imported into the nation. The valuable trade sheet caters to the needs of the business holders regarding the potential marketing regions which they can refer to for having a positive upward trajectory in their future business expansion.

GOVERNMENT INITIATIVES SUPPORTING THE IMPORT OF REFINED PETROLEUM IN THE IVORY COAST IN 2024

The government-implemented measures for a steady regulation of the imports stabilized the domestic petroleum market while ensuring the price consistency for computers. The suspension of petroleum excise duties and customs reduction in response to the rising energy cost has reduced the excise on petroleum products. The initiative was structured to lower the customs duties on fuel imports in 2024. The initiative aims to stabilize the retail prices while ensuring the affordability of the services.

The abolishment of the TSDAR refining tax is to improve the financial flows for refinery operations in an effective manner while facilitating the continuous import and processing in 2024. The strategic refinery upgrading and hydrocarbon harbor policy by the government has endorsed major investment in refinery capacity; ensuring that the refineries could import the specific grades of crude oil and intermediate products necessary for phased upgrades.

THE LEADING VARIANTS OF REFINED PETROLEUM IMPORTED IN IVORY COAST IN 2024

Ivory Coast’s increasing focus on the importance of foreign trade has facilitated the overall revenue rate of trade exchange. According to the Ivory Coast Import Data, the top 10 leading variants of goods imported in the nation in 2024 are,

  1. Gasoline — The annual import trade value of Gasoline in Malta — 2.31 billion US dollars
  2. Diesel- The annual import trade value of Diesel in Malta — 1.87 billion US dollars
  3. Jet fuel- The annual import trade value of Jet fuel in Malta — 1.42 billion US dollars
  4. Kerosene- The annual import trade value of Kerosene in Malta — 1.21 billion US dollars
  5. Heavy Fuel Oil — The annual import trade value of Heavy Fuel Oil in Malta — 1.02 billion US dollars
  6. LPG- The annual import trade value of LPG in Malta — 876 million US dollars
  7. Naphtha — The annual import trade value of Naphtha in Malta — 654 million US dollars
  8. Lubricating oils- The annual import trade value of Lubricating oils in Malta — 575 million US dollars
  9. Bitumen- The annual import trade value of Bitumen in Malta — 465 million US dollars
  10. Petroleum-based industrial solvents- The annual import trade value of petroleum-based industrial solvents in Malta — 386 million US dollars

THE TOP 10 IMPORT TRADE PARTNERS OF THE IVORY COAST IN 2024

The stronger bilateral relationship of Ivory Coast with the regions of closer geographical proximity and the pricing strategies set by the government authorities have attracted the majority of foreign exporters. According to the Ivory Coast Customs Data, the top 10 import trade partners of the nation for refined petroleum in 2024 are,

  1. China — The total annual trade value of refined petroleum imported in Ivory Coast from China in 2024–2.46 billion US dollars

The top 5 variants of refined petroleum imported

1. Regular unleaded gasoline

2. Premium unleaded gasoline

3. Super unleaded gasoline

4. Ultra-premium gasoline

5. Reformulated gasoline

2. France- The total annual trade value of refined petroleum imported in Ivory Coast from France in 2024–1.87 billion US dollars

The top 5 variants of refined petroleum imported

1. Low sulfur diesel

2. High sulfur diesel

3. Automotive diesel (D2)

4. Biodiesel (B5)

5. Biodiesel (B20)

3. India- The total annual trade value of refined petroleum imported in Ivory Coast from India in 2024–1.42 billion US dollars

The top 5 variants of refined petroleum imported

1. Bio-jet fuel

2. Synthetic jet fuel

3. Renewable aviation fuel

4. Lighting kerosene

5. Domestic kerosene

4. Netherlands — The total annual trade value of refined petroleum imported in Ivory Coast from Netherlands in 2024–1.20 billion US dollars

The top 5 variants of refined petroleum imported

1. Industrial kerosene

2. Dual-purpose kerosene

3. Aviation kerosene

4. Colored kerosene

5. Hydrotreated kerosene

5. UAE- The total annual trade value of refined petroleum imported in Ivory Coast from UAE in 2024–1.04 billion US dollars

The top 5 variants of refined petroleum imported

1. Solvent-grade kerosene

2. Paraffin oil

3. Premium household kerosene

4. Heavy fuel oil

5. Light fuel oil

6. Belgium — The total annual trade value of refined petroleum imported in Ivory Coast from Belgium in 2024–987 million US dollars

The top 5 variants of refined petroleum imported

1. Low-sulfur fuel oil

2. Residual fuel oil

3. Commercial propane

4. Commercial butane

5. LPG (propane-butane mix)

7. United States — The total annual trade value of refined petroleum imported in Ivory Coast from the United States in 2024–768 million US dollars

The top 5 variants of refined petroleum imported

1. AutoLPG

2. Industrial-grade LPG

3. Refrigerated LPG

4. HD-5 Propane

5. Aerosol-grade LPG

8. Turkey- The total annual trade value of refined petroleum imported in Ivory Coast from Turkey in 2024–654 million US dollars

The top 5 variants of refined petroleum imported

1. Odorized LPG

2. Non-odorized LPG

3. Light naphtha

4. Heavy naphtha

5. Petrochemical-grade naphtha

9. Germany- The total annual trade value of refined petroleum imported in Ivory Coast from Germany in 2024–562 million US dollars

The top 5 variants of refined petroleum imported

1. Industrial bitumen

2. Cutback bitumen

3. Emulsified bitumen

4. Polymer-modified bitumen

5. Oxidized bitumen

10. Nigeria- The total annual trade value of refined petroleum imported in Ivory Coast from Nigeria in 2024–478 million US dollars

The top 5 variants of refined petroleum imported

1. Benzene

2. Toluene

3. Xylene

4. Ethylene

5. Propylene

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