Flag Australia / Gabon Flag

Exports FlagFlag  (2018): $1.65M, Rnk 158 / 206

Top Product FlagFlag (2018): $476k, Poultry Meat

Exports FlagFlag (2018): $318M, Rnk 4 / 98

Top Product FlagFlag (2018): $318M, Crude Petroleum

Economic Complexity of Flag (2018): ECI -0.093, Rnk 73 / 137

Economic Complexity of Flag (2018): ECI -1.35, Rnk 126 / 137

GDP Flag (2018): $1.43T, CURRENT US$
Rnk 13 / 196

GDP GROWTH Flag (2008-2018): 36%, CURRENT US$
Rnk 105 / 196

GDP Flag (2018): $16.9B, CURRENT US$
Rnk 120 / 196

GDP GROWTH Flag (2008-2018): 8.67%, CURRENT US$
Rnk 147 / 196

GDP PC Flag (2018): $57,374, CURRENT US$
Rnk 12 / 196

GDP PC GROWTH Flag (2008-2018): 15.7%, CURRENT US$
Rnk 111 / 196

GDP PC Flag (2018): $7,953, CURRENT US$
Rnk 88 / 196

GDP PC GROWTH Flag (2008-2018): -22.1%, CURRENT US$
Rnk 186 / 196

Australia-Gabon: In 2018, Australia exported $1.65M to Gabon. The main products exported from Australia to Gabon were Poultry Meat ($476k), Sheep and Goat Meat ($320k), and Excavation Machinery ($251k). During the last 23 years the exports of Australia to Gabon have increased at an annualized rate of 22.7%, from $14.8k in 1995 to $1.65M in 2018.

Gabon-Australia: In 2018, Gabon exported $318M to Australia. The main products exported from Gabon to Australia were Crude Petroleum ($318M), Veneer Sheets ($148k), and Gas and Liquid Flow Measuring Instruments ($28.1k). During the last 23 years the exports of Gabon to Australia have increased at an annualized rate of 17.3%, from $8.06M in 1995 to $318M in 2018.

Comparison: In 2018, Australia ranked 73 in the Economic Complexity Index (ECI -0.093), and 24 in total exports ($248B). That same year, Gabon ranked 126 in the Economic Complexity Index (ECI -1.35), and 108 in total exports ($5.75B). In terms of GDP Per Capita, Australia was ranked 12 with a GDP Per Capita of $57,374, and Gabon was ranked 88 with a GDP Per Capita of $7,953.

Bilateral Trade by Products

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Depth
Value

In 2018, Australia exported $1.65M to Gabon. The main products exported from Australia to Gabon were Poultry Meat ($476k), Sheep and Goat Meat ($320k), and Excavation Machinery ($251k). During the last 23 years the exports of Australia to Gabon have increased at an annualized rate of 22.7%, from $14.8k in 1995 to $1.65M in 2018.

In 2018, Gabon exported $318M to Australia. The main products exported from Gabon to Australia were Crude Petroleum ($318M), Veneer Sheets ($148k), and Gas and Liquid Flow Measuring Instruments ($28.1k). During the last 23 years the exports of Gabon to Australia have increased at an annualized rate of 17.3%, from $8.06M in 1995 to $318M in 2018.

Market Competitiveness

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Measure

Australia
Top Destination
: China, $87.9B

Gabon
Top Destination
: China, $2.62B

This map shows whether countries import more from Australia or Gabon. Each country is colored based on the difference in imports they receive from Australia and Gabon or the difference in the growth in imports.

In 2018, countries that imported more from Australia than Gabon were China ($87.9B), Japan ($27.6B), and South Korea ($19.2B).

In 2018, countries that imported more from Gabon than Australia were Portugal ($52.1M), Sao Tome and Principe ($1.52M), and Cape Verde ($98.6k).

Comparative Advantage Australia - Gabon

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Depth

This chart compares trade between Australia and Gabon by product, considering products traded by both, Australia and Gabon.

During 2018, Australia had a large net trade with Gabon in the exports of Animal Products ($796k), Machines ($386k), and Instruments ($253k).

During 2018, Gabon had a large net trade with Australia in the exports of Mineral Products ($318M), Wood Products ($148k), and Instruments ($28.1k).

Tariff Section

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This sections shows import tariffs for products traded between Australia and Gabon (using the HS6 product classification and the last year reported).

In 2018, the products from Australia that paid the highest import tariffs to enter Gabon were Vegetables nes & mixtures, dried, not further prepare (5%) and Grapes, fresh (5%).

In 2016, the products from Gabon that paid the highest import tariffs to enter Australia were Mules and hinnies: live (30%) and Bovine animals, live, except pure-bred breeding (30%).

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*The tariffs present between Australia and Gabon are:
87: Australia General System of Preferences (GSP): Countries and Places in Part 4 of Schedule 1 (DCS rates)
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Australia and Gabon. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Gabon. Similarly, the more red a dot/product is, the more Gabon has comparative advantage over Australia.