Senegal’s trade deficit shrinks 6% y/y in Jan-Jul 2019
Senegal's trade deficit shrank by 6% on an annual basis between January and July 2019, CEEMarketWatch reported referring to preliminary data from the statistics office ANSD. Over the reported period, exports rose by 22% and imports jumped by 6% year-on-year.
In July alone, the country’s trade deficit expanded by 22% on the year to XOF 260 billion. Exports went up by 4% on an annual basis to XOF 184 billion. Imports were up by 14% to XOF 444 billion.
Senegal’s main export destinations are other West African countries, as well as the EU, and China while its imports originate in the EU, China and Nigeria, CEEMarketWatch added.Original source: CEEMarketWatch