Benin

Benin ranked No. 140 in total trade value through May with a total of $79.08 million. Exports totaled $76.06 million and Imports totaled $3.02 million, a surplus of $73.05 million.

U.S. trade with Benin rose to $67.92 million through May

Benin’s trade with the United States rose to $67.92 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 40.2 percent below its total trade during the same time period last year. U.S. exports to Benin decreased 40.32 percent while U.S. imports from Benin fell 36.86 percent. The U.S. surplus with Benin was $63.13 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Baltimore, Md.; No. 2 Port of Jacksonville, Fla.; No. 3 Port of Freeport, Texas; No. 4 John F. Kennedy International Airport; and No. 5 Port of Wilmington, Dela.. During the same period the previous year, the top five were No. 1 Port of Baltimore, Md.; No. 2 Port of Jacksonville, Fla.; No. 3 Port of New Orleans; No. 4 Port of Galveston, Texas and No. 5 Port of Wilmington, Dela.. In the current time period, the top five accounted for 65.07 percent of Benin’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Baltimore, Md. fell 18.23 percent to $23.09 million.
    Exports fell 19.36 percent to $22.77 million. Imports totaled $318,228.
  • Trade with No. 2 Port of Jacksonville, Fla. fell 47.62 percent to $12.98 million.
    Exports fell 47.62 percent to $12.98 million. There were no imports.
  • Trade with No. 3 Port of Freeport, Texas rose 90.02 percent to $5.55 million.
    Exports rose 90.02 percent to $5.55 million. There were no imports.
  • Trade with No. 4 John F. Kennedy International Airport rose 723.1 percent to $5.16 million.
    Exports rose 801.47 percent to $5.02 million. Imports rose 94.98 percent to $135,600.
  • Trade with No. 5 Port of Wilmington, Dela. fell 47.18 percent to $4.68 million.
    Exports fell 47.18 percent to $4.68 million. There were no imports.

Benin ranked No. 140 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 141.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Benin by value through May were the categories of Passenger vehicles; Motor vehicle parts; Plasma, vaccines, blood; Chicken and other poultry; and Commercial vehicles, respectively. They accounted for 92.15 percent of total exports to Benin.

The value of the top five categories of U.S. imports from Benin –– Coconuts, brazil nuts, cashew nuts; Almonds, walnuts, pistachios, hazelnuts, etc.; Soybeans; Original sculptures and statues; and Misc. live animals –– accounted for 90.98 percent of all inbound shipments.

Looking more closely at U.S. exports to Benin:

  • Passenger vehicles fell 36.1 percent compared to last year to $48.78 million.
  • Motor vehicle parts fell 49.72 percent compared to last year to $11.29 million.
  • Plasma, vaccines, blood rose 3613.68 percent compared to last year to $4.82 million.
  • Chicken and other poultry fell 80.3 percent compared to last year to $2.85 million.
  • Commercial vehicles rose 929.71 percent compared to last year to $2.35 million.

Looking more closely at U.S. imports from Benin:

  • Coconuts, brazil nuts, cashew nuts fell 65.46 percent compared to last year to $1.6 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. totaled $593,987. The previous year, there were no imports in this category.
  • Soybeans totaled $318,228. The previous year, there were no imports in this category.
  • Original sculptures and statues rose 133.79 percent compared to last year to $135,600.
  • Misc. live animals rose 156.51 percent compared to last year to $96,935.

In the latest annual figures available, Benin recorded $275.61 million in trade with the United States. Total U.S. exports to Benin were $ 267.02 million and imports from Benin were $8.6 million. The U.S. surplus with Benin was $258.42 million.