Chad - Market OverviewChad - Market Overview
- Chad is a large, landlocked country with a population of 11,412,107 (July 2014 est.) and a per capita gross domestic product (GDP) of USD 2,500 at purchasing power parity (PPP) in 2014.
- Oil and agriculture drive Chad’s economy. Oil generates the bulk of export revenues. A majority of Chad's population relies on subsistence farming and livestock. Cotton, cattle, and gum Arabic are Chad's primary non-oil exports. The government plans to diversify the economy, increase export of value-added products, and develop the formal economy by 2030.
- China supplies the largest share of Chad’s imports at 20.2 percent, followed by Cameroon at 18.2 percent, France at 16.1 percent, Saudi Arabia at 5.6 percent, and the United States with 4.2 percent. U.S. exports to Chad in 2014 were valued at $66.5 million, up 60 percent from 2013. Principal imports from the United States in 2014 were machinery ($17 million), computer and electronic products ($11 million), fabricated metal products ($9 million), and electrical equipment, appliances & components ($7 million). Other imports include construction materials and machinery, foodstuffs, pharmaceuticals, and soap.
- The United States receives 81 percent of Chad’s exports, which are primarily petroleum. Most other exports are to China, France, Germany, Portugal, and regional trading partners. The U.S. and Chad have no trade or investment agreements. However, Chad is eligible for the African Growth and Opportunity Act (AGOA), receiving trade preferences including quota and duty-free entry for certain goods.
Chad Trade Development and Promotion