Export: Which countries were Togo’s biggest buyers in Q1 2022?

Economic governance
Tuesday, 11 October 2022 13:54
Export: Which countries were Togo’s biggest buyers in Q1 2022?

(Togo First) - Togo exported CFA153.7 billion worth of goods in Q1 2022, up 9.4% YoY. 

Burkina Faso was its biggest buyer over the period. It grabbed 17% of all Togolese exports in the first quarter of this year, according to the latest figures released by the National Institute of Statistics and Economic and Demographic Studies (INSEED). 

Despite the military-political crisis it experienced between January and February, Burkina Faso, whose natural port is Lomé, imported 189,000 tons of goods from Togo, worth CFA26 billion, in the first three months of the year. 

After Burkina Faso, Benin exported the most, by earnings, from Togo–40,000 tons worth CFA16 billion.

Togolese exporters shipped 222,000 tons of goods worth CFA9.3 billion to India, making the subcontinent Togo's third largest client. Surprisingly, the Asian country is followed by Mali, which was under economic sanctions by ECOWAS and UEMOA for the first three months of the year. The Sahelian country imported more than 19,000 tons of goods valued at CFA12 billion. 

The other countries in the top 10 are Ghana, France, Niger, and Nigeria.

Main exports

Togo exported mostly phosphate and its derivatives in Q1 2022, earning the country nearly CFA25 billion or 16.3% of all export revenues. “Plastic bags, sacks, pouches and cones" came in second place with estimated receipts of CFA10.6 billion, or 6.9% of export revenues. 

Togo also shipped out bikes, and soybeans, the latter being the country’s most exported agricultural product. Togo, it should be noted, is a major supplier of beauty and cosmetics products for ECOWAS countries. 

Fiacre E. Kakpo

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