BUSINESS PROFILE

Country official Name Republic of Benin Area 114,760 km2 Population 11,801,151 in 2019 Time GMT+1 Capital Porto-Novo Currency CFA Franc BCEAO (XOF); USD 1 = XOF 534.5587 (2020 average) Language French Major cities , Djougou, -Calavi OIC Member State Date 1983 Bilateral Investment Treaties Within OIC Turkey, UAE, Kuwait, Lebanon, Morocco, Chad, Burkina Faso, Ghana, Guinea, Mali Member States TPSOIC and protocols (PRETAS and Rules of Signed and not ratified Origin) WTO Member since February 1996 Economic Community of West African States (ECOWAS), African Continental Free Trade Area (AfCFTA), Regional and bilateral trade Agreements Global System of Trade Preferences among Developing Countries (GSTP). GDP growth (annual %) 6.866 % in 2019 The service sector (port activity), agriculture (Cotton, Cashew nut), industry sector (cement production, Economic sectors the food industry). 01 industrial free zone 2019 World Exports USD 853 Millions World Imports USD 2,905 Millions Market Size USD 3.758 Millions Intra-OIC Exports USD 458 Millions Intra-OIC Exports share 53.70 % Top OIC Customers Bangladesh, Nigeria, Egypt, Niger, Malaysia Cotton, Animal or vegetable fats and oils and their cleavage products; prepared edible fats, Salt; Sulphur; Major Intra-OIC exported products earths and stone; plastering materials, lime and cement, Meat and edible meat offal, Mineral fuels, mineral oils and products of their distillation; bituminous substances; Iron and steel Intra-OIC Imports USD 932 Millions Intra-OIC Imports share 32.08 % Top OIC Suppliers Togo, UAE, Morocco, Turkey, Mauritania Mineral fuels, mineral oils and products of their distillation; bituminous substances, Cereals, Animal or vegetable fats and oils and their cleavage products; prepared edible fats, Fertilizers Fish and crustaceans, Major Intra-OIC imported products molluscs and other aquatic invertebrates, Products of the milling industry; malt; starches; inulin; wheat gluten, Salt; Sulphur; earths and stone; plastering materials, lime and cement … Intra-OIC Trade volume USD 1.390 Millions Intra-OIC Trade Share 36.98 % http://www.ccibenin.org http://douanes-benin.net/ Useful links http://www.apiex.bj https://commerce.gouv.bj/ Benin’s Export Potential Products See graph below