Chad container energy storage system exports

How does Chad Export Oil?

Export Characteristics: Chad exports crude oil, mostly in bulk, and primarily through pipelines that connect the country to international markets. Trade Value: Oil exports contribute approximately $3.5 billion USD annually, making up around 60% of Chad’s total export value.

What is the value of goods exported from Chad?

Year over year, the overall value of goods exported from Chad fell by -29.9% compared to $4.74 billion starting from 2022. Based on the average exchange rate for 2023, Chad uses the Central African CFA franc which depreciated by -3.5% against the US dollar since 2019 but appreciated by 2.8% from 2022 to 2023.

Does Chad have positive net exports?

Chad has highly positive net exports principally in the international trade of crude petroleum oil. In turn, these cashflows indicate Chad’s competitive advantages under the mineral fuels-related product category. Below are exports from Chad that result in negative net exports or product trade balance deficits.

What are Chad's top 10 export products?

Chad’s top 10 export product categories generated 99.95% of the overall value of its global shipments. Collector items, art and antiques represent the fastest grower among the top 10 export categories, up by 2,833% from 2022 to 2023. In second place for improving export sales was aircraft and spacecraft category via a 233.1% advance.

Why is Chad a good country for exports?

Chad’s weaker local currency starting from 2019 makes its exports paid for in stronger US dollars relatively less expensive for international buyers. Chad’s top 3 most valuable exported products by value are crude oil, oil seeds then natural gums, resins and balsams.

Does Chad have a trade surplus?

Chad generated an estimated US$2.23 billion product trade surplus for 2023, reducing by -38.1% from $3.6 billion in black ink one year earlier in 2022. The following types of Chadian product shipments represent positive net exports or a trade balance surplus.