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Foreign Trade
The most important items of export of the Sudan Economy include oil and petroleum products,cotton, sesame, livestock, groundnuts and sugar amounting nearly $7.505 billions. China is the most important export partner accounting for nearly 70 percent of the exports. Japan and Saudi Arabia are other major export partners.
China, Saudi Arabia, UAE, Egypt, Japan and India are the major nations from where the Sudan Economy imports foodstuffs, manufactured goods, refinery and transport equipments, medicines and chemicals that amounted around $8.693 billions in the last fiscal.
The following table shows the levels of exports and imports in the country.
| Years |
Levels of Exports (US $ Millions) |
Levels of Imports (US $ Millions) |
| 1984-85 |
629 |
1,371 |
| 2003-04 |
2,095 |
1,476 |
Balance of Payments
External debts of the Sudan Economy totaled close to $29.69 billions in 2006, and its current account balance was running immensely negative at
-4.51 billions.
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The reserves of foreign exchange and gold that the Sudan Economy holds amounts to nearly $3.552 billions as per the last fiscal year.
Country's overall trade scenario is as follows:
| Foreign Trade |
2000 |
2003 |
2004 |
| Merchandise trade (% of GDP) |
27.6 |
30.5 |
37.2 |
| Net barter terms of trade (2000 = 100) |
100.0 |
103.6 |
120.7 |
| Foreign direct investment, net inflows (BoP, current US$) |
392.0 million |
1.3 billion |
1.5 billion |
| Long-term debt (DOD, current US$) |
10.9 billion |
11.9 billion |
12.2 billion |
| Agriculture, value added (% of GDP) |
39.8 |
42.1 |
39.3 |
| Industry, value added (% of GDP) |
20.0 |
20.4 |
24.6 |
| Services, etc., value added (% of GDP) |
40.2 |
37.5 |
36.1 |
Conclusion
Sudan joined the World Bank in the year 1957. Since then the bank has emphasized for the development in social sectors and have started irrigation sector reforms. The country also comes under the trade organizations like AU and one of the observers in WTO.
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