Ivory Coast’s import of Aluminium structures during 2018-20 demonstrates an upward trend

The economy of Ivory Coast is stable and currently growing; however, the GDP of the nation is expected to reach $48.00 billion by the end of 2020, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the Ivory Coast GDP is projected to trend around $54.00 billion in 2021 and $58.00 billion in 2022, according to our econometric models.

The import of aluminium structures of the West African nation during 2018-19 has been recorded at 899 tonnes and the revenue expended for the import stood at $5.51 million. The import for 2020 is likely to reach at 685 tonnes and the expenditure to stand at $4.30 million. When the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 1584 tonnes and $9.81 million respectively.

In 2018, Ivory Coast’s import of aluminium structures remained at only 380 tonnes and expenditure accounted towards the import stood at $2.88 million, whereas, in 2019, the import saw growth by 36.57%, as the import volume rose to 519 tonnes, while expenditure dropped to $2.63 million.

The import for 2020 has been evaluated with growth by 31.98%, as the import to climb at 685 tonnes and expenditures to grow and stand at $4.30 million.

Ivory Coast’s major trading destination for the import of aluminium structures are Belgium, China, France, Portugal, Spain, Italy, UK, etc.