Togo flag Togo: Economic and Political Overview

Foreign trade figures of Togo

Foreign Trade in Figures

In Togo, foreign trade represents 53% of the GDP, according to the World Bank’s latest available data. The country has been a member of the WTO since 1995. Key challenges to trade include certain public monopolies and customs procedures. Duties applied in the country are higher than in neighboring countries (with an average rate of 10.3%). However, Togo has developed a transport infrastructure network, which has enabled it to improve its position as a regional hub. Togo's main exports are plastic materials, phosphates, cement, beauty products, motorcycles, palm oil and cotton; and main imports include electrical energy, medicaments, vehicles, chemicals, oil products, cooking products, foodstuffs, and machinery. Main exports destinations include Burkina Faso, Mali, Benin, Niger, Ghana and India; while imports come essentially from China, France, India, Ghana, Japan, Nigeria and Germany (Comtrade).

Togo’s trade balance is structurally in deficit, a trend that is expected to continue due to the high oil bill and purchases of capital goods. In 2020, total exports remained stable at USD 1.01 billion while total imports slightly increased to USD 2.17 billion (WTO). Togo’s imports of services decreased to USD 407 million, while export of services decreased to USD 451 million (WTO). Exports of goods and services decreased by -4.7% compared to 2019, while imports of goods and services increased by 0.8% (World Bank).

 
Foreign Trade Values 20172018201920202021
Imports of Goods (million USD) 1,8742,1162,0912,1662,632
Exports of Goods (million USD) 1,0161,0801,0551,0081,350
Imports of Services (million USD) 427464447407464
Exports of Services (million USD) 531589576451612

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20162017201820192020
Foreign Trade (in % of GDP) 66.958.156.754.452.9
Trade Balance (million USD) -965-644-782-757n/a
Trade Balance (Including Service) (million USD) -822-502-626-596n/a
Imports of Goods and Services (Annual % Change) 1.0-11.45.31.40.8
Exports of Goods and Services (Annual % Change) 6.7-0.72.02.1-4.7
Imports of Goods and Services (in % of GDP) 40.032.932.731.331.1
Exports of Goods and Services (in % of GDP) 26.925.323.923.121.8

Source: World Bank ; Latest available data

Foreign Trade Forecasts 2022 (e)2023 (e)2024 (e)2025 (e)2026 (e)
Volume of exports of goods and services (Annual % change) 4.85.19.19.79.5
Volume of imports of goods and services (Annual % change) 8.86.64.88.08.6

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Togo is a member of ECOWAS - Economic Community of West African States, the West African Economic and Monetary Union (UEMOA) and WTO.
 

Main Partner Countries

Main Customers
(% of Exports)
2021
Burkina Faso 14.3%
Mali 11.1%
Benin 10.8%
Ghana 8.7%
Niger 8.0%
See More Countries 47.1%
Main Suppliers
(% of Imports)
2021
China 19.7%
France 8.8%
India 6.3%
Japan 3.8%
Ghana 3.7%
See More Countries 57.6%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

1.1 bn USD of products exported in 2021
Natural calcium phosphates and natural aluminium...Natural calcium phosphates and natural aluminium calcium phosphates, natural and phosphatic chalk 12.0%
Motorcycles, incl. mopeds, and cycles fitted with...Motorcycles, incl. mopeds, and cycles fitted with an auxiliary motor, with or without side-cars; side-cars 7.7%
Articles for the conveyance or packaging of goods,...Articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps and other closures, of plastics 7.6%
Beauty or make-up preparations and preparations...Beauty or make-up preparations and preparations for the care of the skin, incl. sunscreen or suntan preparations (excl. medicaments); manicure or pedicure preparations 6.5%
Cement, incl. cement clinkers, whether or not...Cement, incl. cement clinkers, whether or not coloured 6.4%
See More Products 59.8%
2.9 bn USD of products imported in 2021
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 11.9%
Motorcycles, incl. mopeds, and cycles fitted with...Motorcycles, incl. mopeds, and cycles fitted with an auxiliary motor, with or without side-cars; side-cars 4.7%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 4.0%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 3.6%
Polymers of ethylene, in primary formsPolymers of ethylene, in primary forms 3.2%
See More Products 72.6%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

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Latest Update: November 2022