Senegal’s new oil and gas exports have turned a chronic trade deficit into a surplus. The national statistics agency (ANSD) reported on 12 October a surplus of about $273 million in August, up from about $106 million in July, as exports rose 75.7% year on year to about $1.2 billion. Crude oil, gold and refined fuel led sales abroad; for January to August, the country recorded a surplus of about $159 million, against a deficit of about $1.8 billion a year earlier. Higher export earnings support Senegal’s foreign-currency position as it seeks a debt restructuring and a new International Monetary Fund (IMF) programme, and strengthen its hand with creditors.
Sources
- Sika Finance: https://www.sikafinance.com/marches/senegal-lexcedent-commercial-bondit-de-158-en-un-mois-a-fin-aout-2026_64866
- Agence Ecofin: https://www.agenceecofin.com/actualites/1410-142385-senegal-l-excedent-commercial-atteint-273-millions-en-aout-2026
- Seneweb: https://www.seneweb.com/en/news/Economie/les-exportations-en-hausse-de-757-la-balance-enregistre-un-excedent-mais-le-petrole-et-lor-en-meforme_n_999000448.html