According to resources, the total export to Benin from India reached an estimated revenue of more than $550 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $Million | 2020-2021 | 2021-2022(Apr-Dec) |
| India Export to Benin | 555M | 446M |
| India Import from Benin | 325M | 332M |
| Total Trade | 880M | 778M |
Cereals, Pharmaceuticals and Mineral fuels are the major exported products from India to Benin at the present moment.
The E-commerce market in Benin reached more than $390 Million by 2022 and expected to cross $660 by the year 2025 with 18% growth rate.
The main reason behind this development is the Internet penetration rate which has reached more than 29% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Benin market whether through offline channels or online selling platforms & marketplaces in Benin.
Useful resources