Net trade in goods and services in Benin
Benin: Net trade in goods and services was -1.68 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods and services in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods and services in Benin stood at -1.68 billion BoP, current US$. That is the lowest value across all 50 years on record.
The figure is down 63.8% on the previous year and down 95.4% over ten years.
Over the whole period, net trade in goods and services in Benin peaked at -73.90 million BoP, current US$ in 1974 and was at its lowest, -1.68 billion BoP, current US$, in 2023.
Benin ranks 140th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -154.14 million BoP, current US$ | -207.60 million BoP, current US$ | -73.90 million BoP, current US$ | 6 |
| 1980s | -179.63 million BoP, current US$ | -464.77 million BoP, current US$ | -81.25 million BoP, current US$ | 10 |
| 1990s | -201.23 million BoP, current US$ | -343.43 million BoP, current US$ | -90.09 million BoP, current US$ | 10 |
| 2000s | -453.70 million BoP, current US$ | -791.33 million BoP, current US$ | -179.80 million BoP, current US$ | 10 |
| 2010s | -749.27 million BoP, current US$ | -1.12 billion BoP, current US$ | -526.02 million BoP, current US$ | 10 |
| 2020s | -977.51 million BoP, current US$ | -1.68 billion BoP, current US$ | -435.72 million BoP, current US$ | 4 |
Countries ranked near Benin
- 137 Cameroon -1.58 billion BoP, current US$ compare
- 138 Armenia -1.59 billion BoP, current US$ compare
- 139 Albania -1.65 billion BoP, current US$ compare
- 141 New Zealand -1.77 billion BoP, current US$ compare
- 142 Belarus -1.79 billion BoP, current US$ compare
- 143 Mauritius -2.06 billion BoP, current US$ compare
More economy & growth data for Benin
- Industry (including construction), value added 4.30 billion current US$ (2025)
- Final consumption expenditure 7.3% (2025)
- Industry (including construction), value added 3.60 billion constant 2015 US$ (2025)
- Final consumption expenditure 67.2% (2025)
- Industry (including construction), value added 2.50 trillion current LCU (2025)
- Gross national expenditure 25.31 billion current US$ (2025)
- Gross national expenditure 14.73 trillion current LCU (2025)
- Gross national expenditure 21.24 billion constant 2015 US$ (2025)
- Exports of goods and services -0.6% (2025)
- Exports of goods and services 4.08 billion constant 2015 US$ (2025)
Frequently asked questions
- What is net trade in goods and services in Benin?
- Net trade in goods and services in Benin was -1.68 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Benin?
- The highest recorded value was -73.90 million BoP, current US$ in 1974.
- What is the lowest net trade in goods and services recorded in Benin?
- The lowest recorded value was -1.68 billion BoP, current US$ in 2023.
- How does Benin rank for net trade in goods and services?
- Benin ranks 140th out of 199 countries with data for 2023.
- Is net trade in goods and services rising or falling in Benin?
- Over the last ten years it is down 95.4%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.