INSUBCONTINENT EXCLUSIVE:
francs ($460.19 million) in April.This 3.3% decrease resulted from declines in several key sectors
Canned fish and fresh vegetables saw significant drops of 83.8% and 61.4%, respectively.Phosphoric acid and mineral and chemical fertilizers
also fell by 58.4% and 45.4%, respectively
Even non-monetary gold, a traditional export, declined by 9.8%.Despite these setbacks, some sectors showed growth
(Photo Internet reproduction)Hydraulic cement and petroleum products also saw gains of 29.7% and 22.7%, respectively.Meanwhile, imports grew
from 584.8 billion CFA francs ($964.92 million) in April to 609.7 billion CFA francs ($1.00 billion) in May, an increase of 4.3%.This was
driven by higher demand in various sectors
Rice imports surged by 220.5%, likely due to stockpiling or anticipated shortages.Metal goods and pharmaceutical products also saw increases
($504.73 million) in April to 340.0 billion CFA francs ($561.00 million) in May
This deterioration was especially notable in trade with Russia.The deficit nearly doubled from 38.2 billion CFA francs ($63.03 million) to
60.5 billion CFA francs ($99.83 million)
Trade with Turkey and Germany also saw declines.However, there were some positive signs
diverse trade relationships with various partners for both exports and imports help maintain economic stability.These trade dynamics matter
as they reflect the broader economic health and stability of Senegal.Understanding the shifts in export and import patterns helps
policymakers and businesses adapt strategies for future growth and stability.
