Senegal is a West African country with a stable political situation, open trade policy, and Dakar seaport, which is a place to transship goods to landlocked countries in the sub-region. Due to the constant threat of drought, Senegal's food production only meets about 20% of domestic demand. Each year, this country still has to import from 700,000 to 800,000 tons of rice, of which more than 90% is broken rice. This is also a country that provides some important input materials such as raw cashew nuts and cotton. In 2022, trade exchange between Vietnam and Senegal will reach 70.60 million USD, of which our country's export turnover will reach 36.24 million USD, an increase of 19.4% compared to 2021. Export items Main products include pepper (6.69 million USD), confectionery and grain products (5 million USD), fruits and vegetables (3.82 million USD), textiles and garments (3.27 million USD), and aquatic products. products (2.77 million USD), rice (1.7 million USD), vehicles and spare parts (469,971 USD), other goods (12.48 million USD). In the first 10 months of 2023, rice exports to Senegal reached 12,268 tons, a turnover of 5.26 million USD, an increase of 3.7 times in value compared to the same period in 2022. Vietnam's import turnover from Senegal in 2023 2022 reaches 34.36 million USD, of which raw cashew nuts account for 32.65 million USD, cotton 964,000 USD, seafood 405,000 USD, animal feed 191,000 USD, plastic raw materials, etc.
The Vietnam Trade Office in Algeria respectfully invites businesses interested in the Senegal market to register to attend the Conference. Information includes company name, copy of business registration license, address, field of operation, specific import and export needs, participants and sent to the Trade Office's email address dz@moit .gov.vn. Registration deadline: No later than Monday, November 27, 2023. The business will provide access link and password before the event.
See details here.
Source: Vietnam Trade Office in Algeria concurrently in Senegal