Flag Republic of the Congo

Econ Complexity (2018): -0.98, Rank 112 of 137

Product Exports (2018): $10B, Rank 87 of 222

Exports Per Capita (2018): $1.91k, Rank 8 of 219

Product Imports (2018): $2.4B, Rank 151 of 221

Imports Per Capita (2018): $457, Rank 24 of 219

Service Exports (2017): $108M, Rank 131 of 139

Service Imports (2017): $1.81B, Rank 97 of 139

GDP (2018): $11.3B, CURRENT US$
Rank 139 of 196

GDP growth (2008 - 2018): -5.02%, CURRENT US$
Rank 180 of 196

GDP PC (2018): $2,148, CURRENT US$
Rank 146 of 196

GDP PC GROWTH (2008 - 2018): -27.3%, CURRENT US$
Rank 191 of 196

Overview: This page contains the latest international trade data for Republic of the Congo, including service trade data, and tariffs. In 2018 Republic of the Congo was the number 139 economy in the world in terms of GDP (current US$), the number 87 in total exports, the number 151 in total imports, and the number 112 most complex economy according to the Economic Complexity Index (ECI). In 2018, Republic of the Congo exported $10B and imported $2.4B, resulting in a positive trade balance of $7.64B. In 2018, Republic of the Congo's exports per capita were $1.91k and its imports per capita were $457.

Trade: The top exports of Republic of the Congo are Crude Petroleum ($6.82B), Refined Copper ($2.05B), Rough Wood ($207M), Other Copper Products ($179M), and Refined Petroleum ($176M). The top imports of Republic of the Congo are Poultry Meat ($106M), Office Machine Parts ($63.5M), Packaged Medicaments ($59M), Palm Oil ($51M), and Refined Petroleum ($50.9M).

Destinations: Republic of the Congo exports mostly to China ($5.88B), United Arab Emirates ($1.37B), Italy ($445M), United States ($391M), and India ($375M), and imports mostly from China ($444M), France ($340M), United Arab Emirates ($147M), Belgium-Luxembourg ($135M), and India ($129M).

Location: Republic of the Congo borders Angola, Cameroon, Central African Republic, Democratic Republic of the Congo, and Gabon by land.

Yearly Exports

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Top Export (2018): Crude Petroleum, $6.82B

Top Destination (2018): China, $5.88B

In 2018 Republic of the Congo exported a total of $10B, making it the number 87 exporter in the world. During the last five reported years the exports of Republic of the Congo have changed by -$1.72B from $11.8B in 2013 to $10B in 2018.

The most recent exports are led by Crude Petroleum ($6.82B), Refined Copper ($2.05B), Rough Wood ($207M), Other Copper Products ($179M), and Refined Petroleum ($176M). The most common destination for the exports of Republic of the Congo are China ($5.88B), United Arab Emirates ($1.37B), Italy ($445M), United States ($391M), and India ($375M).

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Yearly Imports

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Top Import (2018): Poultry Meat, $106M

Top Origin (2018): China, $444M

In 2018 Republic of the Congo imported $2.4B, making it the number 151 trade destination in the world. During the last five reported years the imports of Republic of the Congo changed by -$6.96B from $9.35B in 2013 to $2.4B in 2018.

The most recent imports of Republic of the Congo are led by Poultry Meat ($106M), Office Machine Parts ($63.5M), Packaged Medicaments ($59M), Palm Oil ($51M), and Refined Petroleum ($50.9M). The most common import partners for Republic of the Congo are China ($444M), France ($340M), United Arab Emirates ($147M), Belgium-Luxembourg ($135M), and India ($129M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Republic of the Congo Exports Services (2017): $108M

Republic of the Congo Imports Services (2017): $1.81B

In 2017, Republic of the Congo exported $108M worth of services. The top services exported by Republic of the Congo in 2017 were Government services, n.i.e. ($48.9M), Transportation ($34.6M), Miscellaneous business, professional, and technical services ($7.58M), Telecommunications services ($6.57M), and Personal travel ($6.01M).

The top services imported by Republic of the Congo in 2017 were Transportation ($936M), Insurance services ($373M), Miscellaneous business, professional, and technical services ($209M), Government services, n.i.e. ($178M), and Personal travel ($67.5M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Republic of the Congo. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Republic of the Congo are Beeswax, other insect waxes and spermaceti (35%) and Birds' eggs, in shell: fresh, fertilised eggs for incubation, other than fowls of the species Gallus domesticus (domestic hens) (35%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Republic of the Congo are:
136: Most Favoured Nation duty rate treatement
203: Preferential tariff for Economic and Monetary Community of Central Africa (French: Communauté économique et monétaire de l'Afrique centrale (CEMAC))

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Republic of the Congo's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨90th to the 112th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Republic of the Congo has a high level of specialization in Tin Ores (339), Other Copper Products (79.7), Refined Copper (56), Niobium, Tantalum, Vanadium and Zirconium Ore (53.9), and Cobalt Ore (29). Specialization is measured using RCA, an index that takes the ratio between Republic of the Congo observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Republic of the Congo according to the product complexity index (PCI) are Articles of copper nes (0.53), Metal containing ash or residue except iron or steel (-0.63), Veneers and sheets for plywood etc <6mm thick (-0.82), Special purpose ships, vessels, nes (-0.88), and Wood sawn, chipped lengthwise, sliced or peeled (-0.9). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Republic of the Congo according to the relatedness index, are Petroleum Gas (0.032), Cocoa Shells (0.027), Manganese Ore (0.026), Gold (0.024), and Rubber (0.024). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Republic of the Congo is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.