Togo: Visió econòmica i política
In Togo, foreign trade represents 58% of the GDP, according to the World Bank’s latest available data. The country has been a member of the WTO since 1995. Key challenges to trade include certain public monopolies and customs procedures. Togo's main exports are phosphates (22.2%), articles for the conveyance or packaging of goods (7.7%), petroleum oils (6.9%), soya beans (5.7%), and beauty or make-up preparations (5.6%); whereas imports are led by petroleum oils (5.4%), polymers of ethylene (3.9%), medicaments (3.7%), motor cars (3.5%), and motorcycles (2.9% - data Comtrade).
Togo’s main export destinations in 2022 were India (17%), Burkina Faso (12.4%), Benin (9.4%), Ivory Coast (8.4%), Mali (7.5%), and France (7%). Imports came chiefly from China (19.8%), France (8.9%), India (6.1%), Nigeria (4.4%), Ghana (4.1%), and Saudi Arabia (3.2% - data Comtrade).
Togo’s trade balance is structurally in deficit, a trend that is expected to continue due to the high oil bill and purchases of capital goods. In 2022, total exports stood at USD 1.4 billion against USD 2.6 billion in imports (+8.3% and +6.8% y-o-y, respectively). As per services, exports totaled USD 548 million, slightly above imports (USD 464 million – data WTO). In the same year, the World Bank estimated the country’s trade deficit at 9.9% of its GDP.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 2,091 | 2,260 | 2,676 | 3,041 | 3,204 |
Exports of Goods (million USD) | 1,055 | 979 | 1,060 | 1,348 | 1,434 |
Imports of Services (million USD) | 449 | 438 | 445 | 464 | n/a |
Exports of Services (million USD) | 610 | 514 | 570 | 548 | n/a |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 58.0 | 56.7 | 56.2 | 55.2 | 59.8 |
Trade Balance (million USD) | -782 | -757 | -744 | n/a | n/a |
Trade Balance (Including Service) (million USD) | -626 | -596 | -668 | n/a | n/a |
Imports of Goods and Services (Annual % Change) | 4.1 | 3.1 | 1.6 | 6.9 | 5.1 |
Exports of Goods and Services (Annual % Change) | 0.8 | 3.4 | 6.5 | 5.3 | -1.1 |
Imports of Goods and Services (in % of GDP) | 33.3 | 32.5 | 32.5 | 32.0 | 34.9 |
Exports of Goods and Services (in % of GDP) | 24.6 | 24.2 | 23.7 | 23.2 | 25.0 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 2.4 | 6.4 | 6.9 | 9.1 | 7.6 |
Volume of imports of goods and services (Annual % change) | 5.7 | 5.5 | 4.9 | 7.1 | 7.0 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2023 |
India | 22.5% |
Burkina Faso | 9.2% |
Benin | 8.4% |
Mali | 7.8% |
Ivory Coast | 6.8% |
See More Countries | 45.3% |
Main Suppliers (% of Imports) |
2023 |
China | 19.0% |
France | 9.0% |
India | 7.9% |
Ghana | 4.8% |
Türkiye | 4.5% |
See More Countries | 54.8% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
0.5 bn USD of services exported in 2020 | |
35.33% | |
29.05% | |
14.99% | |
Business travelBusiness travel | 8.37% |
Personal travelPersonal travel | 6.62% |
OtherOther | 49.68% |
6.93% | |
6.84% | |
6.08% | |
0.48% | |
0.31% | |
n/a% |
0.4 bn USD of services imported in 2020 | |
71.23% | |
12.36% | |
5.51% | |
Personal travelPersonal travel | 3.67% |
OtherOther | 23.26% |
Business travelBusiness travel | 1.84% |
5.16% | |
4.64% | |
0.60% | |
0.41% | |
0.08% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: May 2024