France, Belgium and Holland were Togo's first export destinations in the Euro zone, in Q1 2019

Economic governance
Monday, 09 September 2019 13:54
France, Belgium and Holland were Togo's first export destinations in the Euro zone, in Q1 2019

(Togo First) - In Q1 2019, Togo exported nearly XOF6 billion worth of goods (about 18,000 tons) to the Euro zone. Year-to-year, this represents a 17.5% decrease.  

The exports’ value during the period reviewed makes up only 5.1% of total value of Togo’s exports; this is against 6.4% in the first quarter 2018.

Over the period, the first three buyers of Togo within the Euro zone were France, Belgium and Holland.

On the contrary, Lomé imported nearly XOF60 billion of goods from the aforementioned economic zone. Here again, France was the country’s first supplier in Europe (and the second worlwide, after China). Imports from the European country amounted to XOF22 billion in Q1 2019, which equals 8.3% of all Togolese imports over the period, down from 10.6% in Q1 2018.

From France, Togo mostly imported “drugs and vehicles.”

Ayi Renaud Dossavi

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