Fuels still hold a leading position in this list. Five Countries (Benin, Burkina Faso, Guinea, Niger and Togo) carry each 1% of regional exports.Īs for regional imports, they are dominated by about ten products. Mali following the traditional leaders with 1.7% of regional exports. For their part, Ghana and Senegal are placed third and fourth with 4% and 2% respectively.

Nigeria provides 77% of regional exports and Côte d’Ivoire 10%. These exports are dominated by Nigeria and Ivory Coast that carry between them, 87% of these transactions. Trade openness fostered by the development of South-South trade shows substantial breakthrough of Asian Countries and those of Oceania, capturing 16% of exports, with 0.3% for the near and Middle East. The Americas account for 40 %, 34 % for the Free Trade Association of North America (NAFTA) 24 involving the United States, Canada and Mexico. Cocoa and cocoa food preparations (5% of exports), precious stones (3%) and secondarily cotton, edible fruit, rubber, plastics, wood and wood products, fish and shellfish (about 1% each), form together with fuel, the major export products of the West African Economic Community.Įurope accounts for about 28% of ECOWAS exports with 23% for the European Union. These represent three-quarters (75%) of exports (excluding re-exports) and are provided mainly by Nigeria (73%). Imports into the region are therefore seen as complementary to the exports of goods and services.Įxternal trade of ECOWAS is dominated by a number of products and generates local value added due to the preponderance of fuels coming from extractive industries. The regional trade policy is developed along the lines of boosting exports to member states as well as to the rest of the world.

Hearts of iron 4 how to export