Ivory Coast customs data shows mineral fuels & oils, machinery and cereals at 2-digit level HS Code registered a decline in value during 2019 as compared to the previous year.

Ivory Coast is the largest economy in the West Africa Economic and Monetary Union. It is the global top exporter of cocoa beans, raw cashew nuts and a net exporter of oil. Futuristic reforms are being implemented to broaden and strengthen the manufacturing sector and attract investment.

The biggest 5 exported products as per the Ivory Coast Export Data are cocoa beans, natural rubber, cocoa paste, gold and cashews or coconuts.  These top 5 goods represent 72.5% of the total value for all Ivory Coast’s exports.

As per Custom data 2019, 64.4% of the products exported from Ivory Coast were brought by importers in Netherlands, United States, France, Malaysia, Vietnam, Spain, Germany, Burkina Faso, India and Belgium.

44.9% of exports were delivered to the European countries while 22.8% were sold to importers in Africa. 21.5% goods were shipped to Asia. Given the Ivory Coast’s population of 27 million people, its total $11.8 billion in 2020 exports translates to roughly $450 for every resident.

The following export product groups represent the highest dollar value in the global shipment of the Ivory Coast.

1. Cocoa: US$6.2 billion (52.8% of total exports)

2. Rubber, rubber articles: $1.4 billion (11.5%)

3. Fruits, nuts: $1.1 billion (9.7%)

4. Gems, precious metals: $994.8 million (8.4%)

5. Mineral fuels including oil: $673.5 million (5.7%)

6. Ores, slag, ash: $314.4 million (2.7%)

7. Cotton: $142.7 million (1.2%)

8. Meat/seafood preparations: $106 million (0.9%)

9. Wood: $97.7 million (0.8%)

10. Miscellaneous food preparations: $95.8 million (0.8%)

At the more granular four-digit Harmonized Tariff System code level, the Ivory Coast’s most valuable export products are cocoa beans (37.1%) trailed by natural rubber (11.5%), cocoa paste (9.2%), gold (8.4%), cashews and coconuts (6.3%), cocoa butter, fat and oil (4%), crude oil (3.3%), bananas including plantains (2.8%), refined petroleum oils (1.9%) then manganese ores and concentrates (1.6%).

As per Ivory Coast Import Data, the country is the 99th importer country in the world. The country imported goods worth USD 10,482 million in the year 2019. The main imports of the country are crude petroleum oil, rice, frozen fish, medicine, vehicles and machinery. The main import partners are China, Nigeria, France, United States, India, Turkey, Netherlands, Italy, Germany and Vietnam.

The top 10 imports of Ivory Coast are

1. Mineral Fuels and Oils (21.2%)

2. Machinery (9.64%)

3. Cereals (7.5%)

4. Electrical Machinery and Equipment (6.3%)

5. Vehicles (5.9%), Fish and Crustaceans (5%)

6. Plastics (4.4%), Pharma Products (3.5%)

7. Articles of Iron & Steel (3%) and Miscellaneous Chemical Products (2.3%).

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