Who is Chad's primary export partner?

Chad’s primary export partner is largely dependent on who imports Chad’s oil. Chad’s primary export partners in 2018 included India with 30 percent, the United States with 29 percent, the Netherlands with 23 percent, the United Arab Emirates with 8 percent, and China with 5 percent, according to the International Trade Centre.

How much trade does Chad have?

Some regional trade may not be captured in official data. In 2019, Chad ranked No. 146 in U.S. total trade value with a total of $217.5 million, according to the United States Census Bureau. U.S. exports totaled $84.6 million and imports totaled $132.8 million, a deficit of $48.2 million.

Is Chad a member of the Central African Monetary & Economic Community?

Chad is a member of the Central African Monetary and Economic Community (CEMAC) comprised of Cameroon, the Central African Republic (CAR), Chad, the Republic of the Congo, Equatorial Guinea, and Gabon. Oil and agriculture drive Chad’s economy. Oil constitutes the bulk of export earnings and government revenues.

Will ExxonMobil enter Chad in 2023?

ExxonMobil inaugurated Chad’s oil sector, which will mark 20 years of operations in 2023. Olam International entered Chad’s cotton market in 2018 and dramatically increased national cotton production.

Which country imports the most from Chad?

As of 2018, China supplied the largest share of Chad’s imports at 23 percent, followed by the United Arab Emirates at 14 percent, France at 11 percent, the United States at 7 percent, and Qatar, Turkey, India, and the Netherlands at 4 percent, according to the International Trade Centre.

What is Chad's economy like?

A majority of Chad’s population relies on subsistence farming and livestock rearing. The government continues plans to diversify the economy, increase export of value-added products, and develop a formal economy by 2030 despite persistent low global oil prices and a 2016-2017 economic crisis that reduced investment spending.