Here are the Top 10 products that Togo exported in Q3 2022 (Value)

Economic governance

Friday, 13 January 2023 15:03

Here are the Top 10 products that Togo exported in Q3 2022 (Value)

(Togo First) - In Q3 2022, Togo’s exports generated CFA140.8 billion for the country. This is 4.3% lower than during the same quarter the previous year, and 12.4% lower than in Q2 2022. The figures were disclosed by Togo’s institute of statistics, INSEED.

Phosphates ("Natural calcium phosphates, natural alumino-calcium phosphates, and phosphate chalk") made up 16.9% of the exports over the quarter under review, with a value of CFA23.76 billion.

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They were followed by plastic-made products (“bags, sacks, pouches and plastic cones"), representing 10.5% of total exports. These exports were valued at CFA14.8 billion.

In the third position were “Petroleum or bituminous mineral oils (excluding crude oils).” Generating CFA11.07 billion, these made up 7.9% of the country’s exports.

Cotton and Soybeans

Cosmetics and beauty products (excluding drugs) came fourth. They generated CFA8.6 billion and represented 6.1% of all exports.

"Clinker" or non-pulverized cement, accounted for 5.9% of Togo's exports in Q3 2022, with a value of CFA8.35 billion. It is thus fifth.

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Cotton and soybeans, both cash crops, ranked 6th and 7th, respectively, earning the country CFA8.2 billion (cotton not carded or combed, excluding linters) and CFA5.9 billion. These represent 5.8% and 4.2% of the total exports, for cotton and soybeans, respectively.

The top 10 is rounded off by "Wigs and hair products" (beards, eyebrows, eyelashes, locks, and similar articles made of hair or textile materials), with CFA5.7 billion, or 4.1%; refined palm oil and its fractions, with CFA5.3 billion, for a share of 3.8%; and finally, petroleum bitumen (and other residues of petroleum oils or bituminous minerals), with a value of CFA4.39 billion, for 3.1% of Togo’s exports in Q3 2022

Overall, these 10 products earned Togo CFA96.3 billion, or 68.4% of its exports by value, during the quarter concerned.

Ayi Renaud Dossavi

REFORMS OVERVIEW

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ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

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