Overview: 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.
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.
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.
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).
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.
*The tariffs applied to imports for Republic of the Congo are:136: Most Favoured Nation duty rate treatement203: Preferential tariff for Economic and Monetary Community of Central Africa (French: Communauté économique et monétaire de l'Afrique centrale (CEMAC))
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.
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.
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.
Republic of the Congo
