The Senegalese trade balance showed a significant improvement in July 2026, with a surplus of 54.9 billion FCFA, compared to a deficit of 129.4 billion FCFA in the previous month. According to the National Agency of Statistics and Demography (Ansd), this improvement was driven by a rise in exports and a decline in imports. The Ansd's statistical report highlighted that the increase in exports was a major factor in the improved trade balance.
The Ansd reported that exports increased by 143.5 billion FCFA, while imports decreased by 40.8 billion FCFA compared to the previous month. The rebound in crude oil sales was a significant contributor to the increase in exports, with a rise of 185.7 billion FCFA. Additionally, there were increases in the export of other petroleum products and phosphoric acid. The decline in imports was mainly due to decreases in the purchase of machinery and engines, metal products, pharmaceutical products, and cereals.
Despite the monthly decline in imports, there were increases in the purchase of petroleum products and transport equipment. The Ansd's report also noted that compared to July 2025, the trade balance improved by 258.6 billion FCFA. The improved trade balance is a positive indicator for Senegal's economy, which has been working to increase its exports and reduce its reliance on imports.
However, the Ansd's report also noted that the state's total revenue decreased in July 2026, with a total of 392.0 billion FCFA collected, compared to 545.1 billion FCFA in June 2026. This represents a decline of 28.1% in monthly terms. The decrease in revenue was attributed to a decline in tax revenue, despite an increase in non-tax revenue.
The Ansd's report highlighted that the decline in tax revenue was partially offset by an increase in non-tax revenue. On an annual basis, the state's total revenue increased by 5.9%, driven by a 4.8% increase in tax revenue and a 20.9% increase in non-tax revenue. The report noted that the improved trade balance and increased revenue are positive indicators for Senegal's economy.
The improvement in Senegal's trade balance is a positive development for the country's economy, which has been working to increase its exports and reduce its reliance on imports. The Ansd's report highlighted that the increase in exports was driven by a rebound in crude oil sales, as well as increases in the export of other petroleum products and phosphoric acid.
The Senegalese government has been working to diversify its economy and increase its exports, with a focus on non-traditional products. The improvement in the trade balance is a positive indicator for the country's economic growth and development. The government's efforts to increase exports and reduce imports are expected to continue to have a positive impact on the country's economy.
Key points
- Senegal's trade balance improved in July 2026, with a surplus of 54.9 billion FCFA.
