Overview In 2019 Central African Republic was the number 164 economy in the world in terms of GDP (current US$), the number 195 in total exports, the number 197 in total imports,
the number N/A economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).
In 2019, Central African Republic exported a total of $79.5M, making it the number 195 exporter in the world. During the last five reported years the exports of Central African Republic have changed by -$7.94M from $87.5M in 2014 to $79.5M in 2019.
In 2019 Central African Republic imported $300M, making it the number 197 trade destination in the world. During the last five reported years the imports of Central African Republic changed by -$71.4M from $371M in 2014 to $300M in 2019.
Central African Republic Exports Services (2018): $50.6M
Central African Republic Imports Services (2018): $352M
In 2018, Central African Republic exported $50.6M worth of services. The top services exported by Central African Republic in 2018 were Miscellaneous business, professional, and technical services ($21.8M), Personal travel ($19.9M), Other transport ($3.57M), Air transport ($1.65M), and Business travel ($1.39M).
The top services imported by Central African Republic in 2018 were Personal travel ($162M), Other transport ($101M), Sea transport ($37.7M), Miscellaneous business, professional, and technical services ($21M), and Air transport ($20.5M).
Central African Republic has a high level of specialization in Rough Wood (564), Other Sea Vessels (116), Cocoa Paste (93.3), Sawn Wood (70.4), and Raw Cotton (18.9). Specialization is measured using RCA, an index that takes the ratio between Central African Republic observed and expected exports in each product.
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.
This network shows the products most related to the production structure of Central African Republic. These are products that tend to be co-exported with the products that Central African Republic exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.