In 2022, the trade deficit decreased by 3.3% compared to 2021
In 2022, the trade balance deficit is 1,428 billion CFA francs against 1,478 billion CFA francs in 2021. Thus recording a decrease of 49 billion CFA francs, or 3.3% compared to 2021. The increase in export earnings of 1,089 billion CFA francs (45%) is greater than the increase in import expenditure of 1,040 billion CFA francs (27%), which reduces the trade balance deficit Heavy dependence on crude oil and natural gas exports Excluding crude oil, the trade balance is becoming increasingly negative: the deficit amounts to 2,943 billion CFA francs, an aggravation of 496 billion CFA francs (20%) compared to 2021. If we also exclude natural gas, the deficit worsens further to 3,495 billion CFA francs, an increase of 846 billion (32% more than in 2021).