IV Trade Patterns in the Community
Author:
Mr. Saleh M. Nsouli
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Mr. John B. McLenaghan https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Klaus-Walter Riechel
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Language:
English
Print Publication Date:
16 Aug 1982
Keywords:
OP; convertibility; currency; market; monetary union; trade; convertibility agreement; trade liberalization program; ECOWAS secretariat; Community trade; market convertibility; export-import firm; Currencies; Exports; Exchange restrictions; Imports; Monetary unions; West Africa; Europe; Community imports; export proceeds; import profile; import commodity; petroleum export; Agricultural commodities; Tariffs; Trade balance

Abstract

Table 7 shows that the level of exports and imports and the relative importance of the member countries of the Community in regional trade vary widely. By far the largest importer and exporter in the region is Nigeria. The data available at the time the paper was prepared (1977 for most countries; 1976 and 1978 for a few countries) indicate that Nigeria accounted for about two thirds of both the total imports and exports of the region. By contrast, Cape Verde accounted for about 0.01 per cent of total exports and about 0.26 per cent of total imports. Between these two extremes, most member countries have exports and imports ranging between 1 and 3 per cent of total exports and imports, respectively. Ivory Coast was second only to Nigeria, accounting for over 15 and over 10 per cent of total exports and imports, respectively. Ghana’s exports and imports accounted for about 6 per cent and 5 per cent of the respective totals. Senegal’s exports and imports were slightly above 4 per cent.

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Cover Currency Convertibility in the Economic Community of West African States
Currency Convertibility in the Economic Community of West African States
ISBN:
9781557750594
ISSN:
0251-6365
Publication Date:
16 Aug 1982
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557750594.084
Pages:
51

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