Senegal Trade Market 2026: Strategic Review & Growth Forecast

Senegal's export value shows a strong upward trajectory, growing from $3.91 billion in 2020 to a peak of $6.31 billion in 2024. Despite a slight dip in 2023, the 2024 figures represent a significant 18.7% year-over-year increase, indicating robust recovery and expansion in export capacity over the five-year period.

Senegal's import values surged from $7.77 billion in 2020 to nearly $11.91 billion in 2022. However, the last two years show a slight cooling trend, with imports settling at $11.35 billion in 2024. This suggests a stabilization of domestic demand or shifts in procurement after a period of rapid import growth.

In 2024, petroleum ether emerged as Senegal's top export, valued at $1.28 billion, followed by gold and silver at $916.7 million. The export profile is heavily weighted toward energy and mineral resources, with petroleum crude oil and phosphoric acid also contributing significantly to the nation's total trade revenue.

Energy dominates Senegal's 2024 imports, led by petroleum ether at $2.37 billion and petroleum crude oil at $810 million. Essential commodities also play a major role, with broken rice ($496.9 million) and medicaments ($320.6 million) highlighting the country's reliance on external sources for food security and healthcare supplies.

China is Senegal's leading trade partner with a 30.98% market share and $2.05 billion in total trade. Mali follows as a key export destination, while France and Russia remain critical import sources. This distribution reflects a diverse mix of regional African trade and strong ties with major global economies.