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Wednesday 23 June 2021
HomeAfricaMali reports 364 billion FCFA in trade deficit

Mali reports 364 billion FCFA in trade deficit

The value of imports by Mali in 2006 reached 951.6 billion FCFA as against exports estimated at 587.5 billion FCFA thus leaving a trade deficit of over 364 billion FCFA, according to figures published here Thursday by the committee for the validation of external trade statistics.

This negative performance is partly the result of the rise in the prices of petroleum products which Mali imported in 2006 for 227.9 billion FCFA as against 196.5 billion FCFA in 2005, or an increase of 31.4 billion FCFA in oil bill in one year.

Gold, which Mali is the third largest producer in Africa, occupies the first place in exports with 394.4 billion FCFA. Cotton stands at 123.2 billion FCFA as against 369 billion FCFA in 2005.

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