Car Business In Cotonou

September 20, 2016 Business0
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Car Business In Cotonou

Cotonou is a vital port for the economy of Benin Republic. Hardly anyone knows though, that next to cocoa, rise and cotton, the port handles other goods in large quantities. Notably second-hand cars – BBC reports.

Cars are imported from two continents – Europe and North America. Their number is continuously growing, particularly sharply over the last years. Still back in 2010, 200,000 second-hand cars arrived at the port. In 2013, there were as many as 314,000. This means that 25,000 cars reach the port of Cotonou each month.

Most go to the neighbouring countries’ markets, primarily Nigeria, the African giant. It is estimated that as much as 80, or even 90% of cars shipped to Cotonou are carried further to that most populous African country.

A quick look at the border traffic on the Benin-Nigeria border tells it all, with long queues of cars waiting for the customs clearance.

Trading in second-hand cars is very controversial, however. It turns out that some are transported to Nigeria illegally, which is why Nigerian government prohibited imports of cars older than ten years.

Some Nigerian do not however purchase cars in their own country, but rather go to Benin, where price tags are much more attractive – the price may be as much as 30% lower than after shipping to Nigeria.

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