Togo’s petroleum product re-exports surged in 2023, reaching 122.8 billion CFA francs, a 64.6% increase compared to 74.6 billion CFA francs in 2022. This growth is primarily driven by activity at the Port of Lomé, according to data compiled by Togo First from the BCEAO (Central Bank of West African States) and INSEED (National Institute of Statistics and Economic and Demographic Studies).
The performance was largely fueled by a dramatic increase in diesel re-exports, which rose from 3.6 billion CFA francs in 2022 to 54.4 billion CFA francs in 2023 – a nearly 1,400% increase.
In contrast, re-exports of bitumen and engine oils experienced significant declines. Jet fuel, traditionally the dominant product, saw a slight increase of 0.8%, reaching 42.8 billion CFA francs, mainly due to maritime and aviation refueling activities.
Togo’s key export markets for petroleum products include India, France, Nigeria, Ghana, Angola, and Gabon, according to central bank data. These re-export activities have established Togo as a major trading partner for several sub-regional countries, particularly Gabon.
Despite increasing competition from neighboring port platforms, Lomé continues to leverage its strategic geographical location and key assets – including its deep-water port and modern facilities – to maintain its position as a leading sub-regional logistics platform.
