Benin Export Import, Export Import in Benin, Benin Foreign Trade, Benin Export Commodity
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Exports and Imports levels in the country are as follows:
Exports and Imports levels in the country are as follows:
2000 2003 2004 Exports of goods and services (% of GDP) 15.2 14.3 15.1 Imports of goods and services (% of GDP) 28.1 25.8 26.4 Merchandise trade (% of GDP) 44.6 36.5 37.7 Net barter terms of trade (2000 = 100) 100.0 96.6 93.2 Foreign direct investment, net inflows (BoP, current US$) 67.0 million 48.0 million 60.0 million Long-term debt (DOD, current US$) 1.4 billion 1.7 billion 1.8 billion
Major exportable commodities of the country are Crude oil, cotton, palm products and Cocoa. Country’s exports partners are India, China, Thailand, Niger and Ghana.
Importable commodities in the country are capital goods, food items and petroleum products. Imports partners of the country are Thailand, France and China.
CONCLUSION
The country joined the World Bank in the year 1963. Benin is also a member of the World Trade Organization. The Bank from time to time has adopted different policies for reducing poverty and maintaining higher economic growth.
