Côte d'Ivoire's trade balance displayed significant variability from 2017 to 2023, with the balance moving between surplus and deficit. The trade balance peaked at 2,239.2 million USD in 2017, buoyed by strong exports of cocoa and crude oil. However, by 2022, it shifted to a deficit of -1,459.5 million USD, reflecting a combination of rising imports of consumer and capital goods and a decline in export revenues due to global market fluctuations.
A notable recovery occurred in 2023, with the balance returning to a surplus of 1,376.0 million USD, supported by increased export activity and improved commodity prices. The trends underscore Côte d'Ivoire’s dependence on global demand for its key exports while highlighting vulnerabilities to external shocks and commodity price volatility.
A notable recovery occurred in 2023, with the balance returning to a surplus of 1,376.0 million USD, supported by increased export activity and improved commodity prices. The trends underscore Côte d'Ivoire’s dependence on global demand for its key exports while highlighting vulnerabilities to external shocks and commodity price volatility.
Find out more through related statistics on share of agriculture in Côte d'Ivoire’s GDP, Côte d’Ivoire’s annual GDP, manufacturing share of GDP in Côte d’Ivoire.
