Articles

Ivory Coast Country Profile- Trade and Economic Analysis

by Amit Singh Import Globals
As per Import Export Data Online Ivory Coast is the hub of commercial activities in West Africa. The share of foreign trade in the country’s GDP is 42%. As per Ivory Coast Import Data, the country imported crude petroleum, rice, frozen fish, medicine, vehicles and machinery.

The main import partners were China, Nigeria, France, Turkey, Netherlands, Vietnam and Germany. The refined petroleum is the 7th most imported product in Ivory Coast. The country imported refined petroleum mainly from Netherlands, Belgium, United Arab Emirates, Italy and Morocco.

Like many other African nations, Ivory Coast is heavily dependent on pharmaceutical imports in order to battle out is medical problems. The country imports most of its medical devices from United States, and Vietnam.

The country also imports frozen fish from China and the value for which was US$67.59 million during 2019. Ivory Coast produces on an average 65,000 tons of fish, which covers only 30% of the national needs. The rest of domestic consumption is imported.

The deficit is related to many problems leading a low productivity. To overcome this issue the government of Ivory Coast has undertaken an investment program that aims to improve the productivity and competitiveness of fisheries production.

As per Ivory Coast Export Data, cocoa beans, raw cashew nuts, and a net exporter of oil. The main export partners are Netherlands, United States, France and Spain. The country is the leading exporter of cocoa beans in the world in the year 2019. The export value was around 3.57 billion US dollars all across the globe.

The fastest growing export markets of cocoa beans of Ivory Coast between the year 2019 and 2020 were Turkey, United States, and Canada. Cocoa growing was massively promoted by Ivory Coast’s government following independence in 1960, becoming the backbone of the country’s rise as one of the West Africa’s leading economies. Today, Ivory Coast produces two million tonnes of cocoa per year, equivalent to more than 40% of the world’s market.

Cashew nut shipments from the Ivory Coast are 16.6K, exported by 916 suppliers. The country exports most of its Cashew nut to India, Vietnam and France. The top 1 cashew exporter of Cashew nut is Ivory Coast. The country is the largest exporter of Cashew nut and accounts for 16,601 shipments.

If you want to do business with Ivory Coast, it is important that you now the trade scenario of the country. Hire a good import export data service provider to help you provide authentic information about the key inputs for successful international trade.

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About Amit Singh Advanced   Import Globals

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Joined APSense since, August 25th, 2021, From Indore, India.

Created on Aug 1st 2022 03:56. Viewed 169 times.

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