AGOA Status: Senegal is eligible for AGOA this year. It also qualifies for textile and apparel benefits.
Trade Agreements: The U.S. and Senegal signed a Bilateral Investment Treaty (BIT) in 1983, which entered into force in 1990. Senegal is also a member of the West African Economic and Monetary Union (UEMOA), which has a Trade & Investment Framework Agreement (TIFA) with the U.S.
Senegal Trade & Investment Summary
U.S. goods exports to Senegal in 2022 were $365 million, down 4.3 percent ($16 million) from 2021 but up 145 percent from 2012. U.S. goods imports from Senegal totaled $504 million in 2022, up 240.1 percent ($356 million) from 2021, and up 2,903 percent from 2012. The U.S. trade balance with Senegal shifted from a goods trade surplus of $234 million in 2021 to a goods trade deficit of $138 million in 2022.
U.S. foreign direct investment (FDI) in Senegal (stock) was $37 million in 2022, a 19.4 percent increase from 2021.
NOTE: No services trade data with Senegal are available.
