2022
Exports
$4.88BWorld Rnk 28 / 149
Flag Rnk 1 / 505
falsefalse China
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$144World Rnk 0 / 0
Flag Rnk 0 / 0
2022
ECONOMIC COMPLEXITY of Gabon
-0.99Rnk 112 / 133

About

Exports In 2022, Gabon exported $4.88B in Crude Petroleum, making it the 28th 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 ($2.07B), South Korea ($604M), Italy ($507M), Indonesia ($384M), and Malaysia ($282M).

The fastest growing export markets for Crude Petroleum of Gabon between 2021 and 2022 were China ($690M), Italy ($379M), and France ($121M).

Imports In 2021, Gabon imported $144 in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Gabon. Gabon imports Crude Petroleum primarily from: N/A.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.88B
IMPORTS (2021)$144
NET TRADE (2022)$4.88B

In 2022, Gabon exported $4.88B in Crude Petroleum. The main destinations of Gabon exports on Crude Petroleum were China ($2.07B), South Korea ($604M), Italy ($507M), Indonesia ($384M), and Malaysia ($282M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Gabon WERE (2021 - 2022):
China$690M (50%)
Italy$379M (295%)
France$121M (566%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Gabon WERE (2021 - 2022):
India-$448M (-71.2%)
Singapore-$285M (-92%)
Australia-$122M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Gabon's main exporting competitors in Crude Petroleum were:
In 2022, Gabon's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $553M
TOP IMPORT POTENTIALNigeria+ $812

Crude Petroleum’s highest export potential is China. With an export gap of $553M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $812.

See methodology.

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