Goods imports as a part of balance payment fell 9.97% to USD 3.15 bil in Benin in 2020, according to the National Statistical Office.
Historically, goods imports as a part of balance payment in Benin reached an all time high of USD 3.90 bil in 2018 and an all time low of USD 0.148 bil in 1974. When compared to Benin's main peers, goods imports as a part of balance payment in Burkina Faso amounted to USD 3.52 bil, USD 2.47 bil in Niger, USD 52.3 bil in Nigeria and USD 1.95 bil in Togo in 2020.
Benin has been ranked 128th within the group of 155 countries we follow in terms of goods imports as a part of balance payment, 14 places above the position seen 10 years ago.
Goods Imports (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Algeria | USD bil | ... | ... | ... | ... | 52.3 | 49.3 | 48.8 | 48.3 | 44.3 | ||||||||||||
Benin | USD bil | 2.92 | 2.95 | 3.32 | 3.90 | 3.50 | ... | |||||||||||||||
Burkina Faso | USD bil | ... | ... | ... | ... | 2.61 | 2.83 | 3.26 | 3.66 | 3.56 | ... | |||||||||||
Cameroon | USD bil | 5.59 | 4.83 | 4.83 | 5.72 | 6.26 | ||||||||||||||||
Chad | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Ghana | USD bil | 13.5 | 12.9 | 12.6 | 13.1 | 13.4 | ||||||||||||||||
Ivory Coast | USD bil | ... | ... | ... | ... | 8.57 | 7.82 | 8.51 | 9.71 | 9.48 | ... | |||||||||||
Libya | USD bil | 16.4 | 8.67 | 10.6 | 13.8 | 17.7 | ... | |||||||||||||||
Mali | USD bil | 3.19 | 3.41 | 3.61 | 3.97 | 4.31 | ... | |||||||||||||||
Niger | USD bil | 1.98 | 1.72 | 1.96 | 2.28 | 2.33 | ... | |||||||||||||||
Nigeria | USD bil | 52.3 | 35.2 | 32.7 | 40.8 | 62.1 | ||||||||||||||||
Togo | USD bil | 2.04 | 2.00 | 1.66 | 1.86 | 1.81 | ... |