Republic of the Congo2020 Economic Complexity : -1.09, Rank 106 of 127
2020 Product Exports | Imports: $7.77B | $2.76B, 96 of 226 | 152 of 226
2020 Per Capita Product Exports | Imports: $1.41k | $501, 95 of 219 | 172 of 219
2017 Service Exports | Imports : $108M | $1.81B, 133 of 145 | 98 of 145
Overview In 2020 Republic of the Congo was the number 142 economy in the world in terms of GDP (current US$), the number 96 in total exports, the number 152 in total imports, the number 153 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 Republic of the Congo are Crude Petroleum ($3.57B), Refined Copper ($2.22B), Special Purpose Ships ($505M), Refined Petroleum ($303M), and Rough Wood ($248M), exporting mostly to China ($3B), United Arab Emirates ($1.53B), Spain ($568M), Vietnam ($341M), and Italy ($264M).
Imports The top imports of Republic of the Congo are Passenger and Cargo Ships ($121M), Poultry Meat ($110M), Special Purpose Ships ($83.5M), Palm Oil ($70.3M), and Cars ($69.4M), importing mostly from China ($594M), France ($306M), United States ($145M), India ($107M), and Italy ($101M).
Location Republic of the Congo borders Angola, Cameroon, Central African Republic, Democratic Republic of the Congo, and Gabon by land.
The following section uses the most recent trade data from partners of Republic of the Congo.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Crude Petroleum, $3.57B
Top Destination (2020): China, $594M
In 2020, Republic of the Congo exported a total of $7.77B, making it the number 96 exporter in the world. During the last five reported years the exports of Republic of the Congo have changed by -$3.81B from $11.6B in 2015 to $7.77B in 2020.
The most recent exports are led by Crude Petroleum ($3.57B), Refined Copper ($2.22B), Special Purpose Ships ($505M), Refined Petroleum ($303M), and Rough Wood ($248M). The most common destination for the exports of Republic of the Congo are China ($3B), United Arab Emirates ($1.53B), Spain ($568M), Vietnam ($341M), and Italy ($264M).
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).
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 Bovine carcasses and half carcasses, fresh or chilled (35%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Republic of the Congo are:
Republic of the Congo has a high level of specialization in Tin Ores (341), Refined Copper (66.6), Special Purpose Ships (40.5), Rough Wood (40.4), and Niobium, Tantalum, Vanadium and Zirconium Ore (40.4). Specialization is measured using RCA, an index that takes the ratio between Republic of the Congo observed and expected exports in each product.
The highest complexity exports of Republic of the Congo according to the product complexity index (PCI) are Tube or hollow profile, seamless iron/steel not cast (0.17), Cargo containers designed for carriage of goods (-0.027), Survey, oceanographic, meteorological instruments etc (-0.051), Passenger and goods transport ships, boats (-0.29), and Floating structures nes (rafts, stages, buoys/beacons) (-0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Republic of the Congo according to the relatedness index, are Petroleum Gas (0.052), Manganese Ore (0.05), Gold (0.049), Non-fillet Frozen Fish (0.046), and Scrap Vessels (0.046). 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 a country currently specializes in.
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.
During the last 20 years Republic of the Congo's economy has become relatively less complex, moving from the 90th 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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