Use the links in this page to see all the cross-references and discussions about external trade, imports, exports and foreign reserves across all the sections
Additional background
Sudan's trade system is characterized by a multitude of challenges and constraints that have hindered its smooth functioning and economic development. One of the primary issues plaguing Sudan's trade system is the distortions in the exchange rate, which have had far-reaching consequences for the country's overall trade performance.
The fixed exchange rate system adopted by Sudan has led to a chronic overvaluation of the nominal exchange rate. This, in turn, has adversely affected the competitiveness of Sudanese exports in the global market, leading to a decline in export revenues. The overvaluation of the exchange rate has also deterred foreign investors, as it reduces the profitability of their investments in Sudan.
Moreover, Sudan's trade system has been severely impacted by the multiple exchange rate practices that have been in place, particularly during the period of sanctions. These multiple exchange rates have been utilized as a means to ration foreign exchange, further exacerbating the challenges faced by importers and exporters.