Gambia (GMB) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Gambia-Russia Trade: In 2022, Gambia exported $8.54k to Russia. The main products that Gambia exported to Russia were N/A. Over the past 5 years the exports of Gambia to Russia have decreased at an annualized rate of 32%, from $58.6k in 2017 to $8.54k in 2022.

In 2022, Gambia did not export any services to Russia.

Russia-Gambia Trade: In 2022, Russia exported $11.5M to Gambia. The main products that Russia exported to Gambia were Refined Petroleum ($11.5M). Over the past 5 years the exports of Russia to Gambia have increased at an annualized rate of 37.3%, from $2.36M in 2017 to $11.5M in 2022.

In 2020, Russia exported services to Gambia worth $12k, with Financial services ($6k) and Other business services ($6k) being the largest in terms of value.

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Gambia exported $8.54k to Russia. There were not main exports from Gambia to Russia in 2022. During the last 5 years the exports of Gambia to Russia have decreased at an annualized rate of 32%, from $58.6k in 2017 to $8.54k in 2022.

In 2018, Russia exported $11.5M to Gambia. The main products exported from Russia to Gambia were Refined Petroleum ($11.5M). During the last 5 years the exports of Russia to Gambia have increased at an annualized rate of 37.3%, from $2.36M in 2023 to $11.5M in 2018.

Exports from Gambia () to Russia () (2023)

Exports from Russia () to Gambia () (2023)

Latest Data

Trade between Gambia () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Gambia than Russia included Guinea-Bissau ($59.3M), Mali ($8.85M), and Vietnam ($839k).

In 2023, countries that imported more from Russia than Gambia included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Gambia () (2023)

Comparative Advantage Gambia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Gambia and Russia by product, considering products traded by both, Gambia and Russia.

During 2022, Gambia had a large net trade with Russia in the exports of .

During 2018, Russia had a large net trade with Gambia in the exports of Mineral Products ($11.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Russia+$2.28kScrap Iron

Top Product Potential Russia Gambia+$3.31kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Gambia worth $12k, with Financial services ($6k) and Other business services ($6k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Gambia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Gambia and Russia. This means that a dot/product with the flag of Gambia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Gambia.

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Russia () (2023)

Exports from Russia () to Gambia () (2023)

Latest Data

Trade between Gambia () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Gambia () (2023)

Comparative Advantage Gambia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Gambia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Gambia () and Russia () (2023)

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