Benin | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Benin
Records
63
Source
Benin | Exports of goods and services (current US$)
1960 13852022.271848
1961 10801828.256599
1962 8317363.6579427
1963 9703491.992663
1964 13861515.055407
1965 21069296.177578
1966 20739912.147845
1967 23474430.004003
1968 30461095.555087
1969 38939715.91246
1970 50633276.278626
1971 59595413.809381
1972 59023784.721823
1973 78995257.925998
1974 79408583.800294
1975 98337358.600439
1976 90731937.553559
1977 121349823.27619
1978 153492202.68421
1979 207784726.87998
1980 222261839.29628
1981 205681907.57071
1982 225297401.7509
1983 150766893.85144
1984 205805472.71019
1985 247338455.0954
1986 222807317.48656
1987 238541726.2476
1988 223654543.99444
1989 202741076.02448
1990 375946888.87937
1991 417201321.36147
1992 393976833.80064
1993 510965440.10499
1994 452687270.13793
1995 593804003.90164
1996 625667798.50894
1997 616436708.45213
1998 665156777.43321
1999 846151104.58666
2000 725304886.00806
2001 728426333.66951
2002 827401656.41962
2003 997331579.80943
2004 1146038651.3522
2005 1213941696.9286
2006 1270214595.8097
2007 1800691335.9581
2008 2167074921.8608
2009 1940710262.9203
2010 2199999385.4011
2011 2229520238.4314
2012 2662421032.368
2013 3451240666.4638
2014 4175438841.5864
2015 2815204783.1249
2016 3263416597.5535
2017 3455561020.0416
2018 3889962071.4676
2019 4264042871.5836
2020 3117343143.8517
2021 3700039684.2643
2022 3766963978.1937

Benin | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Benin
Records
63
Source