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2022
Economic Complexity
Trade -1.01Rank 106 of 124
2022
Economic Complexity
Research -0.59Rank 91 of 135
2022
Product
Exports | Imports $7.88B | $2.63B112 of 226 |  158 of 226
2022
Per Capita Product
Exports | Imports $3.3k | $1.1k101 of 219 |  158 of 219

About

Overview In 2022, Gabon was the number 113 economy in the world in terms of GDP (current US$), the number 112 in total exports, the number 158 in total imports, the number 83 economy in terms of GDP per capita (current US$) and the number 106 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Gabon are Crude Petroleum ($4.88B), Manganese Ore ($1.83B), Sawn Wood ($351M), Veneer Sheets ($273M), and Refined Petroleum ($163M), exporting mostly to China ($3.4B), South Korea ($617M), Italy ($576M), India ($527M), and Indonesia ($394M).

Imports The top imports of Gabon are Poultry Meat ($99.6M), Excavation Machinery ($62.7M), Packaged Medicaments ($58.2M), Cars ($57.6M), and Delivery Trucks ($50.7M), importing mostly from China ($583M), France ($555M), United Arab Emirates ($144M), United States ($131M), and Belgium ($96.7M).

Location Gabon borders Cameroon, Republic of the Congo, and Equatorial Guinea by land and Sao Tome and Principe by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Gabon.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Crude Petroleum$4.88B
Top Destination (2022)China$3.4B

In 2022, Gabon exported a total of $7.88B, making it the number 112 exporter in the world. During the last five reported years the exports of Gabon have changed by $794M from $7.08B in 2017 to $7.88B in 2022.

The most recent exports are led by Crude Petroleum ($4.88B), Manganese Ore ($1.83B), Sawn Wood ($351M), Veneer Sheets ($273M), and Refined Petroleum ($163M). The most common destination for the exports of Gabon are China ($3.4B), South Korea ($617M), Italy ($576M), India ($527M), and Indonesia ($394M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
China$1.21B (+ 54.9%)
Italy$402M (+ 232%)
Germany$155M (+ 243%)
Fastest Growing Import Markets (2021 - 2022)
China$83.3M (+ 16.7%)
Canada$25.1M (+ 161%)
Turkey$16.9M (+ 30.6%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Gabon Exports Services (2017)$200M
Gabon Imports Services (2017)$1.5B

In 2017, Gabon exported $200M worth of services. The top services exported by Gabon in 2017 were Miscellaneous business, professional, and technical services ($80.5M), Personal travel ($61.4M), Sea transport ($27.4M), Air transport ($8.58M), and Financial services ($5.05M).

The top services imported by Gabon in 2017 were Sea transport ($518M), Miscellaneous business, professional, and technical services ($481M), Personal travel ($290M), Air transport ($79.8M), and Telecommunications services ($74.7M).

Service Exports (2017)

Service Imports (2017)

Economic Complexity

Overview

Economic Complexity (Trade)-1.01Rank 106 of 124
Economic Complexity (Research)-0.59Rank 91 of 135

Most Specialized Products by RCA Index

Gabon has a high level of specialization in Manganese Ore (736), Veneer Sheets (168), Sawn Wood (21), Plywood (12), and Manganese Oxides (10.7). Specialization is measured using RCA, an index that takes the ratio between Gabon observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Gabon according to the product complexity index (PCI) are Oils and other products of the distillation of high temperature coal tar;... (0.046), Antiques; of an age exceeding one hundred years (-0.49), Wood (including strips, friezes for parquet flooring, not assembled), continuously shaped (tongued,... (-0.79), Sheets for veneering (including those obtained by slicing laminated wood), for plywood... (-0.8), and Plywood, veneered panels and similar laminated wood (-0.85). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Gabon according to the relatedness index, were Cocoa Shells (0.053), Cocoa Beans (0.044), Aluminium Ore (0.037), Gold (0.034), and Petroleum Gas (0.031). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gabon is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Gabon. These are products that tend to be co-exported with the products that Gabon exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Gabon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨96th to the 106th⁩ 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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ECI (Trade) Ranking by Country

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