The latest available country-specific data shows that 99.7% of products exported from Chad were bought by importers in: China (41.5% of the global total), India (24.1%), United States (12.8%), France (7.7%), Germany (6.4%), Thailand (3.5%), Turkey (3.1%), Netherlands (0.3%), Nigeria (0.1%), United Kingdom (also 0.1%), Pakistan (0.04%) and Mozambique (also 0.04%).
From a continental perspective, 72.3% of Chad’s exports by value were delivered to Asian countries while 14.6% were sold to importers in Europe. Chad shipped another 12.8% worth of goods to North America. Smaller percentages went to fellow trade partners in Africa (0.2%), Latin America excluding Mexico but including the Caribbean (0.01%) then Oceania’s Australia and New Zealand (0.007%).
Given Chad’s population of 12.8 million people, its total $1.1 billion in 2019 exports translates to roughly $85 for every resident in the Central African country.
Chad’s Top 10 Exports
The following export product groups represent the highest dollar value in Chadian global shipments during 2019 at the 2-digit Harmonized Tariff System (HTS) code level. Also shown is the percentage share each export category represents in terms of overall exports from Chad.
- Mineral fuels including oil: US$996.7 million (94.2% of total exports)
- Oil seeds: $33.8 million (3.2%)
- Gums, resins, other vegetable saps: $21.5 million (2.0%)
- Cotton: $1.4 million (0.1%)
- Electrical machinery, equipment: $1 million (0.1%)
- Optical, technical, medical apparatus: $728,000 (0.1%)
- Machinery including computers: $622,000 (0.1%)
- Raw hides, skins not furskins, leather: $603,000 (0.1%)
- Vehicles: $210,000 (0.02%)
- Gems, precious metals: $210,000 (0.02%)
Chad’s top 10 exports accounted for 99.8% of the overall value of its global shipments.
Two of Chad’s leading exports grew in international revenues from 2018 to 2019 namely vehicles (up 311.8%), and oil seeds (up 36.5%).
The leading decliner among Chad’s top 10 export categories was the gems and precious metals which diminished -99.8% year over year weighed down by plummeting sales of jewelry.
Drilling down to 4-digit HTS codes, Chad’s most valuable exported goods in 2019 were crude oil (94.2% of its overall total), oil seeds (3.2%), natural gums, resins and balsams (2%), uncarded cotton (0.1%) and mobile phones (also 0.1%).
Chad generated an estimated $231.9 million product trade surplus for 2019, down by -75.1% from $932.8 million one year earlier.
The following types of Chadian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.
In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.
- Mineral fuels including oil: US$987.5 million (Down by -32.4% since 2018)
- Oil seeds: $33.5 million (Up by 37.2%)
- Gums, resins, other vegetable saps: $21.1 million (Down by -19.6%)
- Raw hides, skins not furskins, leather: $577,000 (Down by -3.4%)
- Silk: $74,000 (Reversing an -$11,000 deficit)
- Ores, slag, ash: $1,000 (Reversing a -$48,000 deficit)
Chad has highly positive net exports principally in the international trade of crude petroleum oil. In turn, these cashflows indicate Chad’s competitive advantages under the mineral fuels-related product category.
Below are exports from Chad that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Chad’s goods trail Chadian importer spending on foreign products.
- Electrical machinery, equipment: -US$115.7 million (Up by 28.5% since 2018)
- Machinery including computers: -$108.9 million (Down by -0.1%)
- Vehicles: -$62.4 million (Up by 11.4%)
- Articles of iron or steel: -$59.9 million (Up by 57.2%)
- Pharmaceuticals: -$50.8 million (Down by -9.6%)
- Other chemical goods: -$46.8 million (Down by -23%)
- Tanning, dyes, paints, varnishes, ink: -$40.9 million (Up by 117.4%)
- Optical, technical, medical apparatus: -$31.8 million (Up by 51.2%)
- Aircraft, spacecraft: -$28.1 million (Up by 214.6%)
- Plastics, plastic articles: -$25.3 million (Up by 44.5%)
Chad has highly negative net exports and therefore deep international trade deficits under the electrical machinery and equipment category.
Chadian Export Companies
Not one Chadian corporation ranks among the Forbes Global 2000 listing.
Wikipedia also lists companies from Chad that participate in international trade transactions. Selected examples are shown below.
- Commercial Bank Chad (bank)
- Cotontchad (cotton)
- Mid Express Tchad (cargo airliner)
In macroeconomic terms, Chad’s total exported goods represent an estimated 3.3% of its overall Gross Domestic Product for 2019 ($31.8 billion valued in Purchasing Power Parity US dollars). That 3.3% for exports to overall GDP in PPP for 2019 compares to roughly 5.7% for 2018. Those metrics suggest a relatively decreasing reliance on products sold on international markets for Chad’s total economic performance albeit based on relatively short timeframe.
Another key indicator of a country’s economic performance is its unemployment rate. Chad’s average unemployment rate was 2.3% for 2019, up from 2.2% one year earlier according to Trading Economics.
Chad’s capital city is N’Djamena.
See also Uganda’s Top 10 Exports, Somalia’s Top 10 Exports and Top African Export Countries
Central Intelligence Agency, The World Factbook Africa: Chad. Accessed on July 29, 2020
FlagPictures.org, Flag of Chad. Accessed on July 29, 2020
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on July 29, 2020
International Monetary Fund, World Economic Outlook Databases (GDP based on Purchasing Power Parity). Accessed on July 29, 2020
International Trade Centre, Trade Map. Accessed on July 29, 2020
Investopedia, Net Exports Definition. Accessed on July 29, 2020
Wikipedia, Chad. Accessed on July 29, 2020
Wikipedia, List of Companies of Chad. Accessed on July 29, 2020
World’s Capital Cities, Capital Facts for N’Djamena, Chad. Accessed on July 29, 2020