Senegal-Trade Statistics-Economy

Senegal: Trade deficit drops by 78.4b fCFA

APA-Dakar (Senegal) by Massamba Sall

Senegal’s foreign trade was marked by a significant reduction of 78.4 billion CFA francs (about $133.280 million) in the trade deficit during the month of November 2018, according to data compiled by the Directorate of Forecasting and Economic Studies (DPEE).

This deficit amounted to 116.3 billion CFA francs against 194.7 billion CFA francs in October 2018.

According to the DPEE, this situation is explained by an increase in export of goods (over 67.8 billion CFA francs) combined with a decrease in imports (down 12.8 billion CFA francs).

The import-export coverage rate increased from 30.8 percent to 52.6 percent between October and November 2018, an increase of 21.8 percentage points.


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