Comoros Business Profile
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COMOROS BUSINESS PROFILE Country official Name Union of the COMOROS Area 1 861 km² Population 0.851 Million Inhabitants Time UTC+3 Capital Moroni Comoros Franc (KMF) Currency 1 KMF = 0,0024 USD, 1 USD = 417,5767 KMF Language Arabic, French Major cities Moutsamoudou, Fomboni, Domoni, Tsimbeo, Adda-Douéni, Sima, Ouani, Mirontsi Member since 1976 OIC Member State Date Bilateral Investment Treaties Within OIC United Arab Emirates, Burkina Faso, Egypt Member States TPSOIC and protocols (PRETAS and Rules of Signed, not Ratified Origin) WTO Observer Regional and bilateral trade Agreements Common Market for Eastern and Southern Africa (COMESA) GDP growth (annual %) 2.50 % in 2019 The country mainly exports cloves (45%), vanilla (32.3%), essential oils (12.3%), machines for cleaning or Economic sectors grading seeds (2%), and motor vehicles (1.7%). Its main imports include motor vehicles (11.9%), electric sound or visual signalling apparatus (11.6%), rice (9.3%), cement (7.1%), and meat (5%). 2019 World Exports USD 49 Millions World Imports USD 204 Millions Market Size USD 253 Millions Intra-OIC Exports USD 3.7 Millions Intra-OIC Exports share 7.43% UAE, Pakistan, Benin, Sudan, Oman, Turkey, Malaysia, Uganda, Saudi Arabia, Indonesia, Morocco, Egypt, Top OIC Customers Mozambique, Tunisia, Bangladesh Cloves, whole fruit, cloves and stems, Vanilla, Motor vehicles for the transport of goods, incl. chassis with engine and cab, Containers, incl. containers for the transport of fluids, specially designed and equipped for . Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, cold-rolled "cold- reduced", Trunks, suitcases, vanity cases, executive-cases, briefcases, school satchels, spectacle Major Intra-OIC exported products cases, Fuel wood, in logs, billets, twigs, faggots or similar forms; wood in chips or particles; sawdust . Natural cork, debarked or roughly squared, or in square or rectangular blocks, plates, sheets, Plaits and similar products of plaiting materials, whether or not assembled into strips; plaiting, Mechanical wood pulp, not chemically treated Intra-OIC Imports USD 98 Millions Intra-OIC Imports share 48.10% UAE, Pakistan, Turkey, Saudi Arabia, Malaysia, Indonesia, Morocco, Egypt, Oman, Mozambique, Tunisia, Top OIC Suppliers Bangladesh, Jordan, Kuwait, Azerbaijan Rice, Cement, incl. cement clinkers, whether or not colored, Petroleum oils and oils obtained from bituminous minerals (excluding crude); preparations containing, Bars and rods, of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn, Motor cars and other motor vehicles principally Major Intra-OIC imported products designed for the transport of persons, Electric generating sets and rotary converters, Wheat or meslin flour, Waters, incl. mineral waters and aerated waters, containing added sugar or other sweetening, Animal or vegetable fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, Milk and cream, concentrated or containing added sugar or other sweetening matter Intra-OIC Trade volume USD 102 Millions Intra-OIC Trade Share 27.76 % www.uccia-comores.com/ - https://douane.gov.km/fr/ - https://investcomoros.net Useful links http://www.finances.gouv.km Comoros Export Potential Products See graph below .