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Côte d’Ivoire as a Market

As the third largest economy in West Africa and a top producer of cocoa beans and cashew nuts, Côte d’Ivoire boasts enormous economic potential.

Côte d’Ivoire is among the largest exporters of goods in Sub-Saharan Africa. In 2015, the World Trade Organisation (W.T.O) report indicated Côte d’Ivoire’s total exports as an estimate of USD12.78 billion with the Netherlands, the United States, Nigeria, Germany and France as main export markets.The country’s total imports for the same year were worth USD9.8 billion. The chart below shows a graphical distribution of trade value among major trade partners of Cote d’Ivoire.

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In 2015, Danish imports from Côte d’Ivoire were USD1.5 million, equivalent to DKK9.9 million, with exports from Denmark significantly lower at USD922,000 which is equivalent to DKK6.2 million. The most important categories of Danish export to Côte d’Ivoire are machinery and electronic equipment, manufactures, food, chemicals and textiles. The major Danish imports from Côte d’Ivoire are manufactures, agricultural raw materials and textiles. The chart below indicates export trade of the major commodities from Denmark to Cote d’Ivoire for the year 2015.

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Food and Machinery & Electronic Equipment clearly has the larger market share with 43% and 39% respectively in the year 2015.

Côte d’Ivoire is gradually recovering after a long period of criss and civil unrest. Foreign Direct Investments are increasing as the economy continues to improve, and in 2014 the African Development Bank returned to its headquarters in Abidjan. The presidential election in October 2015 was won by the sitting president Mr. Alassane Ouattara.

The table below provides an overview of some key economic indicators regarding Côte d’Ivoire as a market from 2010 to 2015.

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The recent release of National Development Plan of the Ivorian government in partnership with private sector of the economy of Côte d’Ivoire creates enormous opportunity for green investment and sustainable building with which the expertise of Danish companies could be in high demand. Please click here to download the document.

 

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Contact us:

Linda Kafui Abbah-Foli
Commercial Advisor
Email: linabb@um.dk 

  

Mathias Knudsen

Trade & Investment Trainee

Email: matknu@um.dk