Net trade in goods in Benin
Benin: Net trade in goods was -598.79 million BoP, current US$ in 2023. ◆ Volatile
Net trade in goods in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods in Benin stood at -598.79 million BoP, current US$.
The figure is up 6.0% on the previous year and up 2.2% over ten years.
Over the whole period, net trade in goods in Benin peaked at -28.49 million BoP, current US$ in 1985 and was at its lowest, -711.40 million BoP, current US$, in 2014.
That places Benin 95th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -118.21 million BoP, current US$ | -159.20 million BoP, current US$ | -55.28 million BoP, current US$ | 6 |
| 1980s | -131.00 million BoP, current US$ | -379.10 million BoP, current US$ | -28.49 million BoP, current US$ | 10 |
| 1990s | -158.25 million BoP, current US$ | -299.84 million BoP, current US$ | -34.93 million BoP, current US$ | 10 |
| 2000s | -335.64 million BoP, current US$ | -609.99 million BoP, current US$ | -122.75 million BoP, current US$ | 10 |
| 2010s | -490.53 million BoP, current US$ | -711.40 million BoP, current US$ | -110.69 million BoP, current US$ | 10 |
| 2020s | -436.02 million BoP, current US$ | -636.68 million BoP, current US$ | -156.24 million BoP, current US$ | 4 |
Countries ranked near Benin
- 92 Niger -487.31 million BoP, current US$ compare
- 93 Mauritania -496.51 million BoP, current US$ compare
- 94 Grenada -544.73 million BoP, current US$ compare
- 96 Bhutan -624.65 million BoP, current US$ compare
- 97 Burundi -688.50 million BoP, current US$ compare
- 98 Saint Lucia -689.66 million 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 in Benin?
- Net trade in goods in Benin was -598.79 million 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 recorded in Benin?
- The highest recorded value was -28.49 million BoP, current US$ in 1985.
- What is the lowest net trade in goods recorded in Benin?
- The lowest recorded value was -711.40 million BoP, current US$ in 2014.
- How does Benin rank for net trade in goods?
- Benin ranks 95th out of 199 countries with data for 2023.
- Is net trade in goods rising or falling in Benin?
- Over the last ten years it is up 2.2%. 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 (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.