• Analysis and Studies
• Côte d'Ivoire: a look at the market

Côte d'Ivoire, also known as Ivory Coast, is a country located on the west coast of Africa. Côte d'Ivoire, also known as Ivory Coast, gained independence from France in 1960 but has maintained strong ties with its former colonial power. The country's economy experienced significant growth, thanks to the export and production of cocoa, as well as foreign investment. This growth propelled Côte d'Ivoire to become one of the most prosperous countries in West Africa.

A look at the Market

Cocoa has been a major contributor to the Ivorian economy, with the country being one of the world's leading producers and exporters of cocoa beans. The agricultural sector, including cocoa farming, played a crucial role in driving economic development and generating foreign exchange earnings for Côte d'Ivoire.

Foreign investment has also been instrumental in the country's economic growth. Côte d'Ivoire has attracted foreign companies and investors in various sectors, including agriculture, mining, manufacturing, and services. This influx of investment has contributed to job creation, infrastructure development, and the expansion of economic activities.

The combination of cocoa production, foreign investment, and favorable economic policies helped Côte d'Ivoire achieve significant prosperity compared to other countries in the region. However, it's worth noting that despite its economic success, the country has faced challenges such as political instability, social inequality, and the need to diversify its economy beyond dependence on cocoa.

Its top exported commodities include Cocoa Beans ($3.8B), Rubber ($1.72B), Gold ($1.42B), Coconuts, Brazil Nuts, and Cashews ($1.09B), and Cocoa Paste ($1.07B). These products are primarily exported to the Netherlands ($1.21B), the United States ($1.19B), Vietnam ($948M), Switzerland ($895M), and Malaysia ($820M).

In 2021, Côte d'Ivoire was the world's biggest exporter of Cocoa Beans ($3.8B) and Cocoa Paste ($1.07B).

In terms of imports, Côte d'Ivoire mainly imports Crude Petroleum ($1.45B), Rice ($767M), Non-fillet Frozen Fish ($553M), Cars ($430M), and Packaged Medicaments ($241M). The country's key import partners are China ($3.12B), France ($1.61B), Nigeria ($1.33B), India ($728M), and Turkey ($417M).

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