How much did Togo earn from exporting phosphate to its WAEMU peers over the last decade?

Mining

Tuesday, 15 September 2020 14:57

How much did Togo earn from exporting phosphate to its WAEMU peers over the last decade?

(Togo First) - Over the 2009-2019 period, Togo’s phosphate exports to its WAEMU neighbors generated a little more than CFA562 billion. This is revealed in the 2019 WAEMU report on foreign trade published by the Central Bank of West African States (BCEAO).

In terms of volume, the exports which fluctuated over the period were estimated to have exceeded six million tons. And while exports (by volume) fluctuated throughout the decade under review, starting from 2019 an upward trend was noted and a significant rise of about 150,000t was recorded in 2019.

At the regional level, the BCEAO estimated phosphate output at 800,000 tons in 2019 while exports within the WAEMU (in the same year) were observed to have generated CFA55.8 billion.

It is important to note that in 2010, the Union’s phosphate export revenues stood at CFA34 billion, their lowest level, against CFA42.5 billion. The record during the decade concerned was in 2012: CFA70.9 billion.

Séna Akoda

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