Here is some important business information about Senegal:
Economic Overview:
GDP (2023 forecast): USD 31,141 million.
Main export products: Raw gold, processed petroleum products, frozen fish, cement, phosphoric acid.
Main import products: Machinery and transportation equipment, food products, petroleum products.
Trade relations with Turkey are developing. In 2016, Turkey’s exports to Senegal amounted to 2.6 billion dollars and imports to 5.5 billion dollars.
Information for Doing Business:
Documents required for export: Duplicate commercial invoice, certificate of origin, bill of lading, packing list, insurance policy
Products with high import potential in Senegal: Food products, construction materials, textile products, furniture, machinery and equipment
Investment opportunities: Agriculture, food processing, mining, infrastructure, energy, tourism
Trade Facilitation Systems:
ORBUS: Single window system for customs clearance
BESC/BSC Certificate: A mandatory certificate for imports into Senegal
Foreign Trade Pattern:
Main export partners: Switzerland, India, Mali, Ivory Coast, China
Main import partners: Mali, Switzerland, India, France, China
Trade Attraction Factors:
Young and growing population
Rich in natural resources
Government incentives for investment
Being the gateway to West Africa