Analysis and Studies - Country Analysis
Senegal: a look at the market
March 3rd 2025
Overview
In 2023, Senegal ranked as the 108th largest economy globally in terms of GDP (current US$). It was the 125th in total exports, the 101st in total imports, the 162nd in GDP per capita (current US$), and the 87th most complex economy based on the Economic Complexity Index (ECI).
Exports
Senegal's top exports include Gold ($1.07B), Refined Petroleum ($844M), Phosphoric Acid ($497M), Non-fillet Frozen Fish ($284M), and Cement ($178M). The country's primary export destinations are Mali ($1.22B), India ($681M), Switzerland ($625M), China ($310M), and the United Arab Emirates ($251M).
In 2023, Senegal was the world’s largest exporter of Processed Synthetic Staple Fibers, with $41M in exports.
Imports
Senegal’s main imports are Refined Petroleum ($2.07B), Crude Petroleum ($951M), Rice ($612M), Wheat ($340M), and Cars ($290M). The country primarily imports from China ($2.93B), France ($1.4B), Nigeria ($1.02B), India ($1.01B), and Russia ($828M).
In 2023, Senegal was the largest global importer of Processed Synthetic Staple Fibers, with imports valued at $38.9M.
Location
Senegal shares land borders with Gambia, Guinea, Guinea-Bissau, Mali, and Mauritania, and is bordered by Cape Verde to the west by sea.
Source: https://oec.world/
