Benin
On this page you will find beneficial information regarding foreign direct investment in / trading with Benin. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Presidential Representative Democratic Republic
Population: 13.0 million (2021)
GDP: 17.14 billion USD (2021)
Corporate Tax Rate: 30%
Personal Income Tax Rate: 10% - 30%
Major Exports: Gold ($849M), Raw Cotton ($625M), Coconuts, Brazil Nuts, and Cashews ($275M), Other Oily Seeds ($43.6M), and Refined Petroleum ($39.8M), exporting mostly to United Arab Emirates ($854M), Bangladesh ($427M), India ($341M), China ($128M), and Vietnam ($51.3M).
Major Imports: Rice ($690M), Cars ($343M), Palm Oil ($294M), Poultry Meat ($178M), and Light Pure Woven Cotton ($121M), importing mostly from China ($1.06B), India ($603M), United States ($317M), France ($287M), and Indonesia ($260M).
Investment Agency: Guichet Unique de Formalisations des Entreprises (GUFE)
Website: https://gufebenin.org/
