Costa d'Ivori: Visió econòmica i política
The Ivory Coast is the hub of commercial activities in West Africa. The share of foreign trade in the country's GDP is 42% (World Bank, latest available data). The country mainly exports foodstuffs, including cocoa, coconut, banana and fish, refined petroleum, gold, and rubber. The main import commodities are crude petroleum, rice, frozen fish, medicine, vehicles, and machinery.
The Ivory Coast is a member of the UEMOA (West African Economic and Monetary Union), which enforces a Common External Tariff (CET). It also belongs to the Free Trade Zone. In 2008, the Ivory Coast signed a stepping stone economic partnership agreement (EPA) with the European Union (EU). This agreement entered into provisional application on 3 September 2016 and essentially aims at maintaining the preferential trade system that exists between the EU and the Ivory Coast. It will be replaced by the regional EU-West Africa EPA. Ivory Coast is also a signatory to the African Continental Free Trade Agreement. According to Comtrade, the country's main export partner is the Netherlands, which imports 10.7% of its products, followed by the USA (6%), France (5.9%), Malaysia (5%), and Vietnam (4.9%). The Ivory Coast's three main suppliers are China (17.2%), Nigeria (13.5%) and France (10.7%), followed by the USA (5%) and India (4.3%).
The Ivory Coast has a structurally positive trade balance and this trend should continue in the upcoming years. In 2020, the country exported USD 11.9 billion worth of goods while it imported USD 10.6 billion of goods (WTO). Exports of services amounted to USD 1 billion, while imports reached USD 3.1 billion (WTO). Due to the COVID-19 pandemic, exports of agriculture products (cocoa, coffee, cashew nuts, cotton, bananas and pineapples) suffered from the drop in global demand and transport disruptions while imports of capital goods and energy moderated due to softer domestic demand (Coface).
Foreign Trade Values | 2017 | 2018 | 2019 | 2020 | 2021 |
Imports of Goods (million USD) | 9,605 | 10,970 | 10,483 | 10,650 | 14,007 |
Exports of Goods (million USD) | 11,853 | 11,912 | 12,629 | 11,922 | 14,994 |
Imports of Services (million USD) | 3,180 | 3,385 | 3,331 | 3,119 | 3,648 |
Exports of Services (million USD) | 869 | 1,130 | 1,121 | 1,017 | 871 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2017 | 2018 | 2019 | 2020 | 2021 |
Foreign Trade (in % of GDP) | 48.5 | 46.1 | 46.4 | 42.2 | 45.7 |
Trade Balance (million USD) | 3,374 | 2,203 | 3,151 | 2,982 | n/a |
Trade Balance (Including Service) (million USD) | 1,007 | -99 | 910 | 572 | n/a |
Imports of Goods and Services (Annual % Change) | 11.0 | 13.4 | 1.2 | 1.4 | 12.7 |
Exports of Goods and Services (Annual % Change) | 10.0 | -0.1 | 17.8 | -6.5 | 3.7 |
Imports of Goods and Services (in % of GDP) | 23.6 | 23.4 | 22.6 | 20.6 | 22.8 |
Exports of Goods and Services (in % of GDP) | 24.9 | 22.6 | 23.8 | 21.6 | 23.0 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2022 | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | -7.1 | 8.1 | 11.3 | 8.7 | 8.1 |
Volume of imports of goods and services (Annual % change) | -7.7 | 2.7 | 7.0 | 4.9 | 6.8 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2019 |
Netherlands | 10.7% |
United States | 6.0% |
France | 5.9% |
Malaysia | 5.0% |
Vietnam | 4.9% |
Mali | 4.8% |
Spain | 4.8% |
Switzerland | 4.7% |
Germany | 4.7% |
Burkina Faso | 4.6% |
Belgium | 4.5% |
India | 3.7% |
South Africa | 3.2% |
China | 2.9% |
Canada | 2.8% |
United Kingdom | 2.6% |
Ghana | 1.8% |
Togo | 1.7% |
Italy | 1.5% |
Estonia | 1.4% |
See More Countries | 67.5% |
Main Suppliers (% of Imports) |
2019 |
China | 17.2% |
Nigeria | 13.5% |
France | 10.7% |
United States | 5.0% |
India | 4.3% |
Türkiye | 2.8% |
Netherlands | 2.8% |
Vietnam | 2.7% |
Germany | 2.7% |
Italy | 2.2% |
Spain | 2.1% |
Morocco | 2.0% |
Senegal | 1.6% |
Japan | 1.5% |
Belgium | 1.5% |
Mauritania | 1.4% |
United Kingdom | 1.4% |
Colombia | 1.3% |
Thailand | 1.2% |
Russia | 1.1% |
See More Countries | 49.4% |
Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import Export Flows.
Vols fer algun comentari sobre aquest contingut? Escriu-nos.
© Export Entreprises SA, Tots els drets reservats.
Actualitzacions: January 2023
Utilitzem cookies per assegurar la teva connexió i fer estadístiques sobre el nombre de visites. Per obtenir més informació sobre les cookies i saber com rebutjar-les, visita la nostra pàgina de política de cookies .
Aquesta finestra emergent et permet definir la teva preferència de cookies i decidir quin tipus de cookies vols permetre al teu dispositiu.