Crude Petroleum in Gabon

EXPORTS (2018): $3.57B, World Rnk 33 / 120
Flag Rnk 1 / 408

TOP DESTINATION (2018): $1.69B, China

FASTEST GROWING MARKET (2017 - 2018): $408M, South Korea

IMPORTS (2013): $9.51M, World Rnk 91 / 148
Flag Rnk 94 / 979

TOP ORIGIN (2013): $9.51M, Republic of the Congo

FASTEST GROWING ORIGIN (2012 - 2013): $9.51M, Republic of the Congo

ECONOMIC COMPLEXITY of Gabon (2018): -1.35, Rnk 126 / 137

Overview: This page contains the latest trade data of Crude Petroleum in Gabon.

Exports: In 2018, Gabon exported $3.57B in Crude Petroleum, making it the 33rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Gabon. The main destination of Crude Petroleum exports from Gabon are: China ($1.69B), South Korea ($476M), India ($419M), Australia ($318M), and United States ($162M).

The fastest growing export markets for Crude Petroleum of Gabon between 2017 and 2018 were South Korea ($408M), India ($286M), and China ($276M).

Imports: In 2013, Gabon imported $9.51M in Crude Petroleum, becoming the 91st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 94th most imported product in Gabon. Gabon imports Crude Petroleum primarily from: Republic of the Congo ($9.51M).

The fastest growing import markets in Crude Petroleum for Gabon between 2012 and 2013 were Republic of the Congo ($9.51M).

Tariffs: In 2016, the average tariff for Gabon in Crude Petroleum was 9.81%. The countries with the highest import tariffs for Crude Petroleum were Angola (10%), Burundi (10%), Benin (10%), Burkina Faso (10%), and Botswana (10%).

Value

EXPORTS (2018): $3.57B

IMPORTS (2013): $9.51M

NET TRADE (2018): $3.57B

In 2018, Gabon exported $3.57B in Crude Petroleum. The main destinations of Gabon exports on Crude Petroleum were China ($1.69B), South Korea ($476M), India ($419M), Australia ($318M), and United States ($162M).

In 2013, Gabon imported $9.51M in Crude Petroleum, mainly from Republic of the Congo ($9.51M).

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IN 2018, Gabon HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • China, $1.69B ($1.69B - $0)
  • South Korea, $476M ($476M - $0)
  • India, $419M ($419M - $0)

IN 2013, Gabon HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:: Republic of the Congo, -$9.51M ($0 - $9.51M)

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Gabon WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Gabon WERE (2017 - 2018):

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Market Concentration

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Flow
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In 2018, Gabon's main exporting competitors in Crude Petroleum were:

In 2018, Gabon's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Crude Petroleum in Gabon. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2016, the average tariff for Gabon in Crude Petroleum was 9.81%.

The countries with the highest tariffs for Crude Petroleum in Gabon were Angola (10%), Burundi (10%), Benin (10%), Burkina Faso (10%), and Botswana (10%).

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