exporting to cote d’ivoire economic overview & trade...

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Export Initiatives & Partnerships Division, Phone: +97144455333; Fax: +97144455355 Email: [email protected]; Web: www.dedc.gov.ae PO Box 123336, Dubai – UAE Primary Information Sources: Prepared July, 2018 Disclaimer: While all attempts have been made to collect & present accurate information, DE makes no warranty, express or implied, as to the fitness, appropriateness of the above information for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any contained information. All 3 rd . party information sourced are either through subscriptions of the organization or information freely available on the internet, with no DE claims to such information, as its own. EXPORTING TO COTE D’IVOIRE Economic Overview & Trade Analysis EIP/MTRTA/042/08/2018 (MARKET REPORT)

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Page 1: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

                                                                                                                                   

 

 

 

 

 

 

 

                                                                       

 

 

 

 

 

 

 

 

ExportInitiatives&PartnershipsDivision,

Phone:+9714‐4455333;Fax:+9714‐4455355E‐mail:[email protected];Web:www.dedc.gov.ae

POBox123336,Dubai–UAE

Primary Information Sources: Prepared – July, 2018

Disclaimer: While all attempts have been made to collect & present accurate information, DE makes no warranty, express or implied, as to the fitness, appropriateness of the above information for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any contained information. All 3rd. party information sourced are either through subscriptions of the organization or information freely available on the internet, with no DE claims to such information, as its own. 

                                               

                                          

EXPORTING TO COTE D’IVOIRE Economic Overview & Trade Analysis

EIP/MTR‐TA/042/08/2018

(MARKETREPORT)

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TABLE OF CONTENTS

# Description Page

Introduction (World Bank) 3

1 Economic Overview (Trading Economics) 4

2 Dubai Exports Assessment & the Way Ahead 7

3 Country Report – Euler Hermes Economic Research 8

4 Economic Freedom Scores (Heritage Foundation) 10

5 Risk Reports (COFACE) 12

6 Trade Analysis of Top Products Imported by Ivory

Coast. Export Potential of UAE 14

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Introduction

According to the Economic Update for Côte d’Ivoire, published by the World Bank in July, the short- and medium-

term outlook for the Ivorian economy remains positive. The economy is expected to maintain a steady trajectory,

with GDP growth of 7 to 7.5% in the coming years. Titled “So Tomorrow Never Dies: Côte d’Ivoire and Climate

Change,” the report highlights the urgent need to implement measures to ensure that climate change impacts

do not imperil this economic progress and plunge millions of Ivorians into poverty.

“The solid performance of the Ivorian economy, which registered growth of almost 8% in 2017, is essentially due

to the agricultural sector, which experienced positive climate conditions. The economy also benefited from a

period of calm after the political and social instability of the first half of 2017 and from more favorable conditions

on international markets,” said Jacques Morisset, Program Leader for Côte d’Ivoire and Lead Author of the

report. “The Government also successfully managed its accounts, with a lower-than-expected deficit of 4.2% of

GDP, while continuing its ambitious investment policy, partly financed by a judicious debt policy on financial

markets.”

However, the report notes that private sector activity slowed in 2017 compared with 2016 and especially 2015,

which may curb the pace of growth of the Ivorian economy in the coming years. Against the backdrop of fiscal

adjustment projected for 2018 and 2019, it is critical that the private sector remain dynamic and become the

main driver of growth. This is particularly important in light of the uncertainty associated with the upcoming

elections in 2020, which could prompt investors to adopt a wait-and-see approach.

As economic growth in Côte d’Ivoire relies in part on use of its natural resource base, the authors of the report

devote a chapter to the impact of climate change on the economy. They raise an alarming point: the stock of

natural resources is believed to have diminished by 26% between 1990 and 2014. Several visible phenomena

attest to this degradation, such as deforestation, the depletion of water reserves, and coastal erosion. According

to the Intergovernmental Panel on Climate Change (IPCC), climate change could reduce GDP across Africa by

2% to 4% by 2040 and by 10% to 25% by 2100. For Côte d’Ivoire, this would correspond to a loss of some

CFAF 380 billion to 770 billion in 2040. 1 USD =565.285 XOF (CFA Franc)

“This report sounds an alarm in order to spark a rapid and collective wake-up call,” said Pierre Laporte, World

Bank Country Director for Côte d’Ivoire.“Combating climate change will require prompt decisions and must

become a priority for the country to maintain accelerated and sustainable growth over time.” The report pays

special attention to coastal erosion and to the cocoa sector, which represents one third of the country’s exports

and directly affects over 5 million people. With 566 km of coast, Côte d’Ivoire now boasts a coastal population

of almost 7.5 million people, who produce close to 80% of the national GDP. Two thirds of this coast is affected

by coastal erosion, with severe consequences for the communities and the country’s economy. The Ivorian

Government, which is already aware of this challenge and has prepared a strategy to confront it, must expedite

its implementation. This would have the two-fold effect of developing a “green” economy and creating new jobs.

Source:  WB PRESS RELEASE NO: 2018/168/AFR

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COTE D’IVOIRE (IVORY COAST): Economic Overview (Selected Parameters)

GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ivory Coast expanded 7.60 percent in the first quarter of 2018 over the

same quarter of the previous year. GDP Annual Growth Rate in Ivory Coast averaged 5.17 percent from 1961

until 2018, reaching an all time high of 17.61 percent in the fourth quarter of 1964 and a record low of -10.96

percent in the fourth quarter of 1980.

Côte d’Ivoire is the largest economy in the West African Economic and Monetary Union. After years of political

instability and economic decline the country has been steady growing. Agriculture has been the backbone of the

economy. Cote d’Ivoire is the largest cocoa producer in the world (30 percent of the world’s production), big

exporter of coffee and palm oil. The country also has significant offshore oil and natural gas reserves, which

exploration has already boosted government revenues. Moreover, government increasing investment in

education and infrastructure resulted in the development of manufacturing industry.

GDP per capita

The Gross Domestic Product per capita in Ivory Coast was last recorded at 1632.68 US dollars in 2017. The GDP

per Capita in Ivory Coast is equivalent to 13 percent of the world's average. GDP per capita in Ivory Coast

averaged 1548.52 USD from 1960 until 2017, reaching an all time high of 2391.90 USD in 1978 and a record

low of 1138.70 USD in 2011.

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Balance of Trade

Ivory Coast recorded a trade surplus of 138.13 CFA Franc Million in January of 2018. Balance of Trade in Ivory

Coast averaged 241.03 CFA Franc Million from 1977 until 2018, reaching an all time high of 2029.43 CFA Franc

Million in December of 1998 and a record low of -1058.14 CFA Franc Million in December of 2000. Cote d’Ivoire’s

trade surplus is result of exports of cocoa and its oil. However, Cote d’Ivoire is a net importer of processed oil

products and capital equipment. The main trading partner is France (14 percent of imports and 12 percent of

exports) followed by Nigeria, Netherlands and United States.

Exports Exports in Ivory Coast decreased to 545.70 XOF Billion in April from 783.25 XOF Billion in March of 2018.

Exports in Ivory Coast averaged 759.40 XOF Billion from 2006 until 2018, reaching an all time high of 5539.70

XOF Billion in December of 2010 and a record low of 29.78 XOF Billion in April of 2011.

Imports

Imports in Ivory Coast decreased to 415.03 XOF Billion in April from 447.33 XOF Billion in March of 2018.

Imports in Ivory Coast averaged 747.30 XOF Billion from 1994 until 2018, reaching an all time high of 4412.30

XOF Billion in December of 2010 and a record low of 22.65 XOF Billion in April of 2011.

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Ease of Doing Business Ivory Coast is ranked 139 among 190 economies in the ease of doing business, according to the latest World

Bank annual ratings. The rank of Ivory Coast improved to 139 in 2017 from 142 in 2016. Ease of Doing Business

in Ivory Coast averaged 154.13 from 2008 until 2017, reaching an all time high of 170 in 2010 and a record low

of 139 in 2015.

Competitiveness Rank

Ivory Coast is the 99 most competitive nation in the world out of 137 countries ranked in the 2017-2018 edition

of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Ivory

Coast averaged 119.38 from 2009 until 2017, reaching an all time high of 131.00 in 2013 and a record low of

99.00 in 2017.

1 USD =565.285 XOF (CFA Franc)

Source: Trading Economics, https://tradingeconomics.com/ivory-coast/indicators

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Dubai Exports Assessment and the Way Ahead

As per Heritage Foundation, Cote D’Ivoire’s Economic Freedom Score is 62.0 with a World Rank of 85,

(regional rank 6) making its economy the 85th. freest in the 2018 Index. Its overall score has decreased

by 1.0 points with declines in property rights, labour freedom and fiscal health. The country is ranked

6th. among 47 countries in the Sub-Saharan Africa region and its overall score is above the regional

and world averages. Euler Hermes lists its strengths as signs that democratic evolution is deepening,

Close links with France, which maintains a rapid deployment force for regional interventions, World’s

leading producer of cocoa (approximately 35-40% of global supply) and membership of the West

African Monetary Union (WAMU) and the CFA franc zone provide relative monetary stability, a

common currency and access to a regional central bank. Low exchange rate and transfer risk. However,

despite recent advances, the domestic political environment retains some fragilities. Overall security

is still dependent on UN peacekeepers, ethnic and regional tensions remain, uncertain regional

influences including borders with Mali, Liberia and Guinea and vulnerability to climatic effects on

agricultural output and to changes in internationally-determined commodity prices, apart from fiscal

and current account deficits. Our Partner, COFACE mentions diversity of natural resources and agro

wealth, modernization of infrastructure and strengthening of political stability as additional strengths

while on its weaknesses, additionally states slow progress on national reconciliation.

As per ITC Data, Dubai and the UAE’s share of exports (2016) to Cote D’Ivoire among the Western

African Economic & Monetary Union countries (WAEMU) was 13.5%, the 3rd. largest after Senegal

and Benin. According to the analysis done on trade, plastics, ceramics, metals, machinery, vehicles and

Electrical items form a major portion of UAE’s non-oil exports to Cote D’Ivoire. However, while the

country imports nearly USD 9 billion worth of goods from the world, UAE share is small at barely 0.8%.

As per the Export Potential map, has much potential in the export of several commodities and goods

(see attached tables and graphs at the end of this report). Sectors and/or products include Plastic

products, Building & Construction material, Food commodities & Processed Food, Metals, Fertilizers

and selected machinery. Cote d'Ivoire's consulate general in Dubai is the Ivorian representation in the

United Arab Emirates. United Arab Emirates does not currently have any other major diplomatic or

consular representation in Cote d'Ivoire. However, Western Africa is a major region of interest for

Dubai Exports and the UAE’s trade organizations, as reflected in an upcoming Business Mission to the

Ivory Coast and Nigeria in late 2018. The UAE has unexplored and/or additional potential for exports

to the Ivory Coast as outlined in the attached graphs from ITC. We believe there is adequate potential

to improve trade and bilateral cooperation between our two countries. Please see the ITC Export

Potential maps at the end of this document that outlines Export potential of various products from

UAE to Cote D’Ivoire.

Dubai Customs in 2017 has reported Exports to Ivory Coast of approximately USD 36 Million, Re-

Exports of @ USD 96 Million and Imports from the country at @ USD 31 Million.

For further information contact us at [email protected]

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Economicrisk

Financingrisk

Commercialrisk

Politicalrisk

Businessenvironment

risk

� Some political consolidation and signs that democratic evolution is deepening.

� Close links with France, which maintains a rapid-deployment force for regional interventions.

� World’s leading producer of cocoa (approximately 35-40% of global supply).

� Membership of the West African Monetary Union (WAMU) and the CFA franc zone provide relative monetary stability, a common currency and access to a regional central bank. Low exchange rate and transfer risk.

� Considerable debt relief under the HIPC initiative and, latterly, through the Paris Club.

� Despite recent advances, the domestic political environment retains some fragilities. Overall security still dependent on UN peacekeepers.

� Ethnic and regional tensions. � Uncertain regional influences including borders with

Mali, Liberia and Guinea. � Vulnerability to climatic effects on agricultural output

and to changes in internationally-determined commodity prices.

� Fiscal and current account deficits. � Structural business environment is strengthening, but

from a weak base.

Strengths

Let it grow

Trade Structure

Country Report

GDP USD31.76bn (World Ranking 95, World Bank 2015) Population 22.7mn (World Ranking 55, World Bank 2015) Form of state Multiparty Presidential Republic Head of government Alassane Dramane OUATTARA Next elections October 2020, presidential

General Information

Euler Hermes Economic Research

Côte d’Ivoire

Country Rating

Weaknesses

Source: Euler Hermes

By destination/origin (% of total) Exports RankNetherlands 12% 1 15% NigeriaUnited States 8% 2 14% FranceBelgium 7% 3 12% ChinaFrance 6% 4 4% United StatesGermany 6% 5 4% Italy

Imports

By product (% of total) Exports Rank

Coffee, tea, cocoa, spices 45% 1 21% Petroleum and related products

Petroleum and related products 16% 2 8% Cereals and cereal preparations

Vegetables and fruits 8% 3 6% Road vehiclesGold, non-monetary (excluding gold ores and concentrates)

6% 4 5% Manufactures of metal

Crude rubber (including synthetic and reclaimed)

4% 5 5% Fish, crustaceans, molluscs

Imports

Source: UNCTAD 2015

C3

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2 View all Euler Hermes Economic Research online

http://www.eulerhermes.com

Contact Euler Hermes Economic Research Team

[email protected]

Last review: 2017-06-22Country Risk Analyst: Stéphane Colliac, Julien Aymé[email protected]

Economic Overview

The advantage of untapped potential After several lost decades (either for political or commodity prices reasons), Côte d’Ivoire finally enjoys robust growth levels, with about +9% (on average, per year) during the last 5 years. The sudden political change provided an opportunity to pursue a reformsagenda. This, in turn, boosted the ease of doing business as reflected in the World Bank ranking which improved from 167 in 2012 to 142 in 2017 and governance indicators.

The diversification of the economy increased and the investment ratio climbed to acceptable levels (18% of GDP on average during the last 5 years, about +50% from the former 3-decades equilibria), with a sizable effect on growth. The ICOR indicator of investment efficiency stands at 2: Côte d’Ivoire needed only 2% of GDP of investment to deliver 1% of growth, an even better efficiency than China in boom years (ICOR of 3). New sectors are developing amidst a virtuous circle of improved governance and attractiveness for foreign investors.

Still vulnerable to commodity prices slumpbut financing risk is not a big issue Food commodities still make the bulk of exports. As a consequence, foreign currency financing is still a by-product of commodity prices. The current juncture is not favourable for two Côte d’Ivoire’s main exports since global oversupply sent cocoa and coffee prices lower by -33% and -15%, respectively. Given the vulnerability of local producers to price slumps, mechanisms to compensate for lower prices exist but will have a fiscal cost (fiscal deficit will rise to -4.5% of GDP in 2017 and public debt will increase to 51.5% of GDP). This fiscal cost will be limited in size because of some lowering of guaranteed farm gate prices by the regulator.

Yet the likelihood that foreign currency earnings will decrease for a significant period of time will put external liquidity under scrutiny. Per se, current levels of import cover are not alarming (4.8 months), but the country secured a USD660 million IMF facility in December 2016. But short-run disbursements will be quite low. Cote d’Ivoire has already requested more assistance. However, the fulfilment of IMF conditions helped the country to secure market financing, with hard currency bond issuance of USD 2 billion in June 2017 (over-subscribed by a factor of five).

Managing the growth dividend will be key Political risk remains elevated. The divided landscape was evident even before President Ouattara took office. Policymakers face growing demands for salary raises, including by mutinous soldiers. In this context, lower commodity prices and the effort to keep fiscal balances in check will be difficult to manage.

���������� �������������������������������������������� ������������� ��!����������"��� ��������������� ����� �����������#��������������� �����$�������%��$�����$��������� �� ��������������� ��������������&��������� ��!����&������ ���$�����!���"���� ������� �������'��� ������������ ��������!����������$� � �����$������������������������ ����������'�����������������&������"�� ������������� �������������� ������������������������ ���������������"��������������������$���������������������������������������� �� �� ������������ �� ������"�( ������ �����$�����������������!���������������������� ���������������� ���������!���$������������#���������������#��������'�������� ������������������������)�* ���������� ����+��$�����'����������&������ ����������������� ����������$�� �����$�������������������������� ��������� ������������������������$�������������������&��������&������������$������������������$������������� ����������� �����$��������"�,�������� �������������������!������$����������������������������������� �����$�� �������#����������������� �������������$�� ���������������������������� ��&����� ����������"������#��������������� �������������&����������� ��-������������'������� �������$�-�����"���.��� ���& ��/012������#�����"�������& ��������!��"�

Key Economic Forecasts

Sources: National Sources, IHS, Euler Hermes

GDP Growth (%)

Sources: National sources, IHS, Euler Hermes

Policy-mix

Sources: National sources, IHS, Euler Hermes

2015 2016 2017f 2018f

GDP grow th (% change) 9.0 7.5 7.0 7.5

Inflation (%) 1.2 1.0 1.5 2.0

Fiscal balance (% of GDP) -3.0 -4.0 -4.5 -4.0Public debt (% of GDP) 49.0 50.0 51.5 52.5

Current account (% of GDP) -1.0 -2.0 -4.0 -3.0External debt (% of GDP) 30.7 30.0 29.5 29.0

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Page 14: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

'TOTAL All products 8,628,950 2,584,524 (1) 10.9 67,350

'0203 Meat of swine, fresh, chilled or frozen 18,735 (18,735) 10 32.9 NS

'0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh, ... 47,984 (47,984) (1) 32.9 NS

'0303 Frozen fish (excluding fish fillets and other fish meat of heading 0304) 300,606 (290,424) 2 14 NS

'0402 Milk and cream, concentrated or containing added sugar or other sweetening matter 51,600 (51,598) (17) 7.6 NS

'0703 Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled 26,306 (26,075) (1) 28.4 NS

'1001 Wheat and meslin 131,069 (131,040) (6) 4.7 NS

'1006 Rice 532,362 (532,262) 9 9.4 NS

'1103 Cereal groats, meal and pellets 13,877 (13,857) 5 6.7 NS

'1107 Malt, whether or not roasted 17,165 (17,165) (3) 4.7 NS

'1509 Olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical ... 11,014 (11,014) 8 16.8 NS

'1511 Palm oil and its fractions, whether or not refined (excluding chemically modified) 46,173 (7,917) (7) 23.1 NS

'1604 Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs 30,300 118,725 30 18.8 NS

'1701 Cane or beet sugar and chemically pure sucrose, in solid form 154,273 (154,273) 24 16.6 NS

'1901 Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing ... 70,698 (70,392) 7 8.8 NS

'1905 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; 26,969 (26,878) 10 32.9 53

'2002 Tomatoes, prepared or preserved otherwise than by vinegar or acetic acid 20,484 (20,484) (5) 21.3 NS

'2103 Sauce and preparations therefor; mixed condiments and mixed seasonings; mustard flour 13,465 (12,124) 3 20.1 NS

'2106 Food preparations, n.e.s. 19,900 (19,724) 0 14.5 58

'2202 Waters, incl. mineral waters and aerated waters, containing added sugar or other sweetening 24,394 (24,319) 17 18.8 NS

'2204 Wine of fresh grapes, incl. fortified wines; grape must, partly fermented and of an actual ... 47,384 (47,320) 10 18.8 NS

'2208 Undenatured ethyl alcohol of an alcoholic strength of < 80%; spirits, liqueurs and other spirit 12,135 (12,130) 24 18.8 NS

'2304 Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting ... 31,617 (30,990) 22 9.4 NS

'2309 Preparations of a kind used in animal feeding 23,096 (23,094) (2) 8.4 NS

'2401 Unmanufactured tobacco; tobacco refuse 83,236 (83,236) (6) 4.7 NS

'2402 Cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes 41,545 (38,309) 6 18.8 NS

'2523 Cement, incl. cement clinkers, whether or not coloured 85,249 (85,236) 7 16 NS

'2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal 11,695 (11,694) 4.7 NS

'2709 Petroleum oils and oils obtained from bituminous minerals, crude 661,456 (31,172) (29) 0 NS

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

Page 15: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

'2710 Petroleum oils and oils obtained from bituminous minerals (excluding crude); preparations containing ... 245,604 198,607 20 8.5 3832

'2711 Petroleum gas and other gaseous hydrocarbons 60,554 (58,881) 95 0.3 NS

'2815 Sodium hydroxide "caustic soda", potassium hydroxide "caustic potash"; peroxides of sodium 18,211 (18,194) 9 4.7 NS

'2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives 12,254 (12,232) (1) 4.7 30

'2917 Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, 17,129 (17,129) 11 4.7 NS

'3002 Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera 72,297 (72,211) 38 0 NS

'3004 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put 250,102 (249,660) 11 0 NS

'3102 Mineral or chemical nitrogenous fertilisers (excluding those in pellet or similar forms, or ... 34,815 (34,815) (19) 0 NS

'3103 Mineral or chemical phosphatic fertilisers (excluding those in tablets or similar forms, or ... 15,396 (15,396) 7 0 NS

'3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, ... 35,885 (35,835) (11) 3.6 NS

'3206 Inorganic or mineral colouring matter, n.e.s.; preparations based on inorganic .. 13,052 (13,011) 12 5.1 NS

'3302 Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, based on one or ... 70,932 (70,821) 5 9.4 NS

'3401 Soap; organic surface-active products and preparations for use as soap, in the form of bars, ... 14,736 (2,550) 8 27.6 53

'3402 Organic surface-active agents (excluding soap); surface-active preparations, washing preps... 28,458 (28,326) 7 28.4 NS

'3808 Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products and plant-growth ... 127,003 (126,684) 7 7.5 NS

'3822 Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ... 11,947 (11,818) 17 0 NS

'3824 Prepared binders for foundry moulds or cores; chemical products and preparations 13,658 (13,583) (2) 9.4 NS

'3901 Polymers of ethylene, in primary forms 99,837 (99,772) 5 4.7 120

'3902 Polymers of propylene or of other olefins, in primary forms 59,709 (59,700) (3) 4.7 NS

'3904 Polymers of vinyl chloride or of other halogenated olefins, in primary forms 43,939 (42,148) 3 5.1 NS

'3907 Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins 36,590 (36,533) 3 4.7 274

'3917 Tubes, pipes and hoses, and fittings therefor, e.g. joints, elbows, flanges, of plastics 11,788 (6,082) 10 17.9 157

'3920 Plates, sheets, film, foil and strip, of non-cellular plastics, not reinforced, laminated, ... 32,105 (31,336) 6 12.9 1222

'3923 Articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps and other ... 27,796 (23,496) 2 18.8 24

'3924 Tableware, kitchenware, other household articles and toilet articles, of plastics (excluding ... 17,108 (16,515) 29 18.8 343

'3926 Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s. 28,448 (28,224) 5 15.7 28

'4011 New pneumatic tyres, of rubber 61,615 (61,610) 1 10.2 382

'4202 Trunks, suitcases, vanity cases, executive-cases, briefcases, school satchels, spectacle cases 15,345 (14,933) 8 14.9 30

Page 16: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

'4802 Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, 22,227 (22,223) 1 5.5 NS

'4804 Uncoated kraft paper and paperboard, in rolls of a width > 36 cm or in square or rectangular 35,200 (35,200) 13 4.7 NS

'4805 Other paper and paperboard, uncoated, in rolls of a width > 36 cm or in square or rectangular 16,993 (16,993) 6 4.7 NS

'4810 Paper and paperboard, coated on one or both sides with kaolin "China clay" or other inorganic 14,328 (14,328) (6) 11.9 NS

'4819 Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wa 20,663 (13,786) 15 17.7 NS

'4901 Printed books, brochures and similar printed matter, whether or not in single sheets 12,774 (12,714) (2) 0 155

'5208 Woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m² 43,174 (36,781) (13) 25.6 NS

'5407 Woven fabrics of synthetic filament yarn, incl. monofilament of >= 67 decitex and with a cross 15,502 (14,918) (2) 18.7 135

'5608 Knotted netting of twine, cordage or rope, by the piece or metre; made-up fishing nets and ... 22,971 (22,965) 33 10.6 NS

'6203 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches 40,398 (40,335) 48 18.8 48

'6204 Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, 21,151 (20,601) 98 18.8 NS

'6305 Sacks and bags, of a kind used for the packing of goods, of all types of textile materials 19,656 (15,393) 15 18.8 NS

'6309 Worn clothing and clothing accessories, blankets and travelling rugs, household linen & article 23,046 (22,986) (12) 18.8 423

'6402 Footwear with outer soles and uppers of rubber or plastics (excluding waterproof footwear of 40,818 (39,185) 24 15.3 NS

'6404 Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of … 11,144 (11,073) 32 14.1 94'6704 Wigs, false beards, eyebrows and eyelashes, switches and the like, of human or animal hair 27,748 (27,720) (10) 18.8 NS

'6907 Unglazed ceramic flags and paving, hearth or wall tiles; unglazed ceramic mosaic cubes and 29,706 (29,705) 40 18.8 NS

'6908 Glazed ceramic flags and paving, hearth or wall tiles; glazed ceramic mosaic cubes and the 21,854 (21,784) (2) 962

'7010 Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a 22,757 (22,743) 15 9.4 NS

'7013 Glassware of a kind used for table, kitchen, toilet, office, indoor decoration or similar purposes 10,727 (10,724) 12 18.8 108

'7209 Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, cold-rolled 15,875 (15,875) 7 5.2 NS

'7210 Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled or cold-rolled … 82,702 (82,409) 7 11.1 NS

'7213 Bars and rods of iron or non-alloy steel, hot-rolled, in irregularly wound coils 41,769 (41,769) 6 4.7 NS

'7216 Angles, shapes and sections of iron or non-alloy steel, n.e.s. 15,414 (15,230) (6) 18.8 NS

'7225 Flat-rolled products of alloy steel other than stainless, of a width of >= 600 mm, hot-rolled ... 12,046 (12,046) 85 4.7 NS

'7227 Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils 22,310 (22,310) (10) 4.7 NS

'7228 Other bars and rods of alloy steel other than stainless, angles, shapes and sections of alloy ... 11,634 (11,634) 53 18.8 NS

'7306 Tubes, pipes and hollow profiles "e.g., open seam or welded, riveted or similarly closed", ... 12,024 (11,690) 6 13.4 NS

'7308 Structures and parts of structures "e.g., bridges and bridge-sections, lock-gates, towers, ... 58,894 (57,752) (2) 10.7 6193

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Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

'7311 Containers of iron or steel, for compressed or liquefied gas (excluding containers specifically ... 12,715 (12,528) (2) 18.8 NS

'7318 Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers, incl. ... 12,020 (11,982) 15 18.8 NS

'7323 Table, kitchen or other household articles, and parts thereof, of iron or steel; iron or steel ... 22,865 (22,826) 8 18.8 492

'7326 Articles of iron or steel, n.e.s. (excluding cast articles) 22,361 (22,105) (7) 15.1 NS

'7408 Copper wire (excluding surgical sutures, stranded wire, cables, plaited bands and the like ... 21,535 (21,535) 6 8 NS

'7604 Bars, rods and profiles, of aluminium, n.e.s. 11,372 (11,371) 7 9.4 NS

'7610 Structures and parts of structures "e.g., bridges and bridge-sections, towers, lattice masts, ... 11,051 (11,051) 22 18.8 NS

'8301 Padlocks and locks "key, combination or electrically operated", of base metal; clasps and frames ... 16,207 (16,205) 13 18NS

'8309 Stoppers, caps and lids, incl. crown corks, screw caps and pouring stoppers, capsules for bottles, ... 12,680 (12,668) 8 9.4 24

'8409 Parts suitable for use solely or principally with internal combustion piston engine of heading ... 15,098 (14,156) (10) 9.4 299

'8411 Turbojets, turbopropellers and other gas turbines 39,149 (39,123) (7) 4.7 NS

'8413 Pumps for liquids, whether or not fitted with a measuring device (excluding ceramic pumps and ... 26,461 (26,214) (8) 5.9 367

'8414 Air or vacuum pumps (excluding gas compound elevators and pneumatic elevators and conveyors); ... 25,370 (25,327) 4 11.4 93

'8415 Air conditioning machines comprising a motor-driven fan and elements for changing the temperature ... 27,963 (27,958) (5) 12.4 140

'8418 Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat ... 31,438 (31,229) 6 10.6 35

'8419 Machinery, plant or laboratory equipment whether or not electrically heated (excluding furnaces, ... 20,450 (20,345) (3) 7.9NS

'8421 Centrifuges, incl. centrifugal dryers (excluding those for isotope separation); filtering or ... 28,232 (28,151) 4 4.7 1684

'8422 Dishwashing machines; machinery for cleaning or drying bottles or other containers; machinery ... 43,950 (43,708) 5 4.8NS

'8424 Mechanical appliances, whether or not hand-operated, for projecting, dispersing or spraying ... 18,088 (17,902) 14 5 21

'8426 Ships' derricks; cranes, incl. cable cranes (excluding wheel-mounted cranes and vehicle cranes ... 22,057 (22,057) (15) 4.7NS

'8427 Fork-lift trucks; other works trucks fitted with lifting or handling equipment (excluding straddle ... 15,559 (15,193) (1) 4.7 25

'8428 Lifting, handling, loading or unloading machinery, e.g. lifts, escalators, conveyors, teleferics ... 25,311 (25,261) 16 4.7 NS

Page 18: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

'8429 Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, ... 69,234 (68,518) (3) 4.7NS

'8430 Moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring ... 14,483 (14,210) 6 4.7 NS

'8431 Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s. 55,957 173,461 0 4.7 NS

'8438 Machinery, not specified or included elsewhere in this chapter, for the industrial preparation ... 22,217 (22,059) (19) 4.7 NS

'8443 Printing machinery used for printing by means of plates, cylinders and other printing components ... 32,370 (32,187) 8 5.7 673

'8471 Automatic data-processing machines and units thereof; magnetic or optical readers, machines ... 52,762 (52,477) 9 4.7 870

'8474 Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading 64,983 (64,940) 8 4.7 20

'8477 Machinery for working rubber or plastics or for the manufacture of products from these materials, 32,281 (32,153) 10 4.7NS

'8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere 51,356 (50,325) 3 4.7 34

'8480 Moulding boxes for metal foundry; mould bases; moulding patterns; moulds for metal 10,458 (10,379) 14 4.7 NS

'8481 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, ... 35,412 (35,235) 2 9.3 NS

'8483 Transmission shafts, incl. camshafts and crankshafts, and cranks; bearing housings and plain 10,953 (10,905) 0 9.4 51

'8501 Electric motors and generators (excluding generating sets) 10,711 (10,392) (5) 4.7 95

'8502 Electric generating sets and rotary converters 20,276 (18,939) (3) 4.7 47

'8504 Electrical transformers, static converters, e.g. rectifiers, and inductors; parts thereof 30,603 (30,475) 0 4.7 44

'8507 Electric accumulators, incl. separators therefor, whether or not square or rectangular; parts ... 21,559 (21,544) 3 18.4 227

'8517 Telephone sets, incl. telephones for cellular networks or for other wireless networks; other ... 144,746 (142,299) 7 8.8 10865

'8528 Monitors and projectors, not incorporating television reception apparatus; reception apparatus ... 77,035 (77,009) 53 10.9 952

'8536 Electrical apparatus for switching or protecting electrical circuits, or for making connections ... 42,106 (42,054) 10 18.8 937

'8537 Boards, panels, consoles, desks, cabinets and other bases, equipped with 2/or more apparatus 22,601 (22,563) (2) 4.7 NS

'8539 Electric filament or discharge lamps, incl. sealed beam lamp units and ultraviolet or infra-red 11,149 (11,115) 1 18.1 NS

'8544 Insulated "incl. enamelled or anodised" wire, cable "incl. coaxial cable" and other insulated ... 59,289 (58,658) 10 14.2 NS

'8701 Tractors (other than tractors of heading 8709) 37,512 (33,475) 1 4.7 NS

'8702 Motor vehicles for the transport of >= 10 persons, incl. driver 104,054 (104,051) 22 7.8 48

'8703 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... 181,510 (173,085) 7 14.2 12164

Page 19: EXPORTING TO COTE D’IVOIRE Economic Overview & Trade …dedc.gov.ae/StudiesAndResearchDocument/MTR 042-08... · special attention to coastal erosion and to the cocoa sector, which

Sources: ITC calculations based on UN COMTRADE statistics. Values in USD '000

Value imported globally (2017)

Trade balance 2017 (USD thousand)

Annual growth Import value 2013-17 (%,

p.a.)

Average tariff (estimated) applied %)

Value imported from UAE

(2016)

TOP Products imported by COTE D'IVOIRE

HS Code

Product label

Trade Indicators for Cote D'Ivoire Imports

'8704 Motor vehicles for the transport of goods, incl. chassis with engine and cab 104,332 (103,767) 2 7.4 1041

'8705 Special purpose motor vehicles (other than those principally designed for the transport of ... 17,002 (16,977) (10) 4.7 NS

'8708 Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, ... 35,479 (35,428) 5 9.4 3800

'8711 Motorcycles, incl. mopeds, and cycles fitted with an auxiliary motor, with or without side-cars; ... 45,244 (45,232) 22 13.9NS

'8716 Trailers and semi-trailers; other vehicles, not mechanically propelled (excluding railway and ... 18,134 (16,992) 0 10 574

'8802 Powered aircraft "e.g. helicopters and aeroplanes"; spacecraft, incl. satellites, and suborbital ... 148,669 (136,648) 65 4.7 NS

'8901 Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the ... 12,829 (3,909) 93 4.7 38

'8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes 32,570 (32,560) 39 18.8 95

'9018 Instruments and appliances used in medical, surgical, dental or veterinary sciences, incl. ... 23,076 (22,726) 19 4.7 NS

'9022 Apparatus based on the use of X-rays or of alpha, beta or gamma radiations, whether or not ... 14,326 (14,268) 50 4.7 NS

'9027 Instruments and apparatus for physical or chemical analysis, e.g. polarimeters, refractometers, ... 10,754 (10,611) 1 4.7NS

'9028 Gas, liquid or electricity supply or production meters, incl. calibrating meters therefor 22,810 (22,798) 40 8.9 NS

'9401 Seats, whether or not convertible into beds, and parts thereof, n.e.s. (excluding medical, ... 23,020 (22,909) 16 17.4 22

'9403 Furniture and parts thereof, n.e.s. (excluding seats and medical, surgical, dental or veterinary ... 52,861 (51,243) 16 18.5 542

'9405 Lamps and lighting fittings, incl. searchlights and spotlights, and parts thereof, n.e.s; illuminated ... 24,522 (24,295) 10 18 207

'9406 Prefabricated buildings, whether or not complete or already assembled 18,968 (18,960) 26 18.8 343

'9619 Sanitary towels (pads) and tampons, napkins and napkin liners for babies, and similar articles, ... 15,079 (14,958) 17 18.8NS

Note: NS = Not Significant, i.e. Less than USD 20,000

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