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).
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.
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).
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: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))
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.
This network shows the products most related to the production structure of Republic Of The Congo. These are products that tend to be co-exported with the products that Republic Of The Congo 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.
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.