According to resources, the total export to Togo from India reached an estimated revenue of more than $2.2 Billion by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
Value in $Million & Billion | 2020-2021 | 2021-2022(Apr-Dec) |
India Export to Togo | $1.5B | $2.22B |
India Import from Togo | 300M | 238M |
Total Trade | $1.8B | $2.5B |
Cotton, Cereals and Mineral Fuels are the major exported products from India to Togo at the present moment.
The E-commerce market in Togo reached $155 Million by 2022 and expected to cross $250 Million by the year 2025 with 24% growth rate.
The main reason behind this development is the Internet penetration rate in Togo which has reached more than 25% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Togo market whether through offline channels or online selling platforms & marketplaces in Togo.
Useful resources