Chad’s Petro-Chemical Market Attracting Worldwide Investors

 

chad petro chemical market

Chad is a very oil rich country. The country has one billion barrels of crude oil reserves. That is why, the top trading countries are investing in Chad's petrochemical market in order to meet the growing demand of crude petroleum oil. It is ranked 10th largest crude oil exporter among the African countries besides Cameroon, Gabon, Angola, Congo and Equatorial Guinea. The Chad government has extended its oil pipeline from Chad to Cameroon with the capacity of 225,000 barrels per day. As per Chad export data reports, Chad's petrochemical market saw an increase of 14% in 2022. 


In 2020, Chad's total petrochemical exports were around 1 billion USD. On the other hand, it was around 2.4 trillion USD in 2022. Our Chad Shipment data suggests that total petrochemical exports shipments were around 205 million tonnes in 2022. According to the Chad import export data reports, Chad's most of the oil exports were to China, France, Taiwan, Germany, and India. China National Petroleum Corporation, Exxon Mobil Corporation, Chevron Corporation, and Societé des Hydrocarbures du Tchad were the top petrochemical export companies from Chad in 2022.


The project aims to construct three multinational oil and gas pipeline systems of around 6,500 km, storage depots, liquefied natural gas terminals, at least three refineries, and gas-fired power plants linking 11 countries by 2030, according to Reuters. As per the Chad customs data reports, crude oil, uranium and gold are the major exports of the country. These products contribute over 90% of Chad's total exports.


Chad’s Import Export Analysis


In 2022, Chad's economy grew by 1.2% as compared to 2021. As per the Chad import data, the country's total imports were around 5.2 billion USD in 2021. The major imports of Chad were medicines, electronics, electrical equipment and Vehicles mostly imported from China, France, India and United Arab Emirates.


On the other hand, Chad's total exports are worth 4.5 billion US Dollars for the fiscal year 2021 as compared to 1.5 billion US Dollars in 2020. Exports grew at a rapid rate in Chad due to rich crude oil reserves.


Chad's main import products were gold, oil seeds, crude petroleum, cotton and agricultural produce. Chad's top agricultural exports are sorghum, peanut butter, yarn, maize, millet, sugarcane and cassava. China, Germany, Taiwan, UAE and France were the fastest growing markets for Chad's exports.


Discover Genuine Petrochemical Buyers from Chad with Exim GTIS


Exim GTIS contains import export data reports from over 80+ countries that help you analyze Chad’s import export market at the global level. Exim Global Trade Intelligence helps you to identify the latest trends, product demand, competition, financial risk, and sales opportunities in the international market.


If you are looking  to invest in Chad’s petrochemical market, then Exim GTIS could be a great asset for your business. You can reach out to the genuine suppliers and exporter companies of petrochemicals in Chad. Also, you could access Chad importers and exporters directory to find potential business leads.


You can transform your business with the best global import export data provider company, Exim Trade Data.

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