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Togo'S Import And Export Double Growth In The First Quarter Is China'S Largest Trading Partner.

2011/7/18 10:16:00 60

Import Trade Cotton

According to the data and data released by the Ministry of economic and finance of Togo, Togo entered the first quarter of 2011.

Exit

The total value of US $483 million (231 billion 600 million francs) is: exports of US $217 million (104 billion francs), an increase of 40.6% over the previous year; imports of US $266 million (127 billion 600 million francs), an increase of 8.8% over the previous year; a trade deficit of 49 million US dollars, a year-on-year decrease of 46.3%, and a double increase in imports and exports.


In export commodities,

cotton

It is still in the first place, with a total export of 46 thousand and 400 tons, a total of $80 million (38 billion 400 million West francs), accounting for 37% of the total export value, with a year-on-year increase of 65%, 122% and 13.6%, followed by cement clinker and cement, and exports of 148 thousand and 500 tons, accounting for 16.5% of the total export value, and a year-on-year decline of 172% and 9% respectively.

Among the imported commodities, fuel, mineral and asphalt products were the top, importing 41 million 240 thousand US dollars, up by 1.6% compared with the same period last year; second were cement clinker and 32 million 490 thousand US dollars; third were motor vehicles and spare parts, and imported 24 million 370 thousand US dollars, up 6.6% over the same period last year.


China is Togo's largest import and export trading partner.

The number of bilateral trade in the first quarter was $71 million 410 thousand, of which Togo exported $31 million to China, an increase of 140.3% over the previous year, accounting for 14.4% of the total value of exports; from China, 40 million 410 thousand US dollars, down 31.7% from the same period last year, accounting for 15.2% of the total import value; and the trade deficit was 9 million 410 thousand US dollars.

In addition, Togo's second largest export

Trade

The partners were Burkina Faso, exporting 24 million 580 thousand US dollars, accounting for 11.4% of the total export value, down 13.7% from the same period last year.

Togo's second largest import trading partner is France, importing US $38 million 540 thousand, accounting for 14.5% of total imports, up 2.7% over the same period last year.


Remarks: in the first quarter of 2011, the average exchange rate of US dollar against West illegal francs was 1:480.


Source: Department of forecasting, Department of economic affairs, Ministry of economic and financial affairs of Togo

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