Republic of the Congo2019 Economic Complexity : -1.12, Rank 126 of 146
2019 Product Exports | Imports: $10.8B | $2.85B, 88 of 225 | 151 of 225
2019 Per Capita Product Exports | Imports: $2k | $530, 94 of 219 | 173 of 219
2017 Service Exports | Imports : $108M | $1.81B, 131 of 139 | 97 of 139
Overview: In 2019 Republic of the Congo was the number 137 economy in the world in terms of GDP (current US$), the number 88 in total exports, the number 151 in total imports, the number 138 economy in terms of GDP per capita (current US$) and the number 126 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Republic of the Congo are Crude Petroleum ($6.77B), Refined Copper ($2.54B), Rough Wood ($292M), Sawn Wood ($149M), and Passenger and Cargo Ships ($141M), exporting mostly to China ($5.28B), United Arab Emirates ($1.56B), India ($645M), United States ($566M), and Italy ($525M).
Imports: The top imports of Republic of the Congo are Passenger and Cargo Ships ($331M), Poultry Meat ($109M), Refined Petroleum ($78.4M), Processed Fish ($58.3M), and Packaged Medicaments ($55M), importing mostly from China ($423M), France ($337M), Belgium ($164M), Angola ($132M), and India ($111M).
Location: Republic of the Congo borders Angola, Cameroon, Central African Republic, Democratic Republic of the Congo, and Gabon by land.
Top Export (2019): Crude Petroleum, $6.77B
Top Destination (2019): China, $5.28B
In 2019, Republic of the Congo exported a total of $10.8B, making it the number 88 exporter in the world. During the last five reported years the exports of Republic of the Congo have changed by -$3.34B from $14.1B in 2014 to $10.8B in 2019.
The most recent exports are led by Crude Petroleum ($6.77B), Refined Copper ($2.54B), Rough Wood ($292M), Sawn Wood ($149M), and Passenger and Cargo Ships ($141M). The most common destination for the exports of Republic of the Congo are China ($5.28B), United Arab Emirates ($1.56B), India ($645M), United States ($566M), and Italy ($525M).
Top Import (2019): Passenger and Cargo Ships, $331M
Top Origin (2019): China, $423M
In 2019 Republic of the Congo imported $2.85B, 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 -$9.05B from $11.9B in 2014 to $2.85B in 2019.
The most recent imports of Republic of the Congo are led by Passenger and Cargo Ships ($331M), Poultry Meat ($109M), Refined Petroleum ($78.4M), Processed Fish ($58.3M), and Packaged Medicaments ($55M). The most common import partners for Republic of the Congo are China ($423M), France ($337M), Belgium ($164M), Angola ($132M), and India ($111M).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
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 Birds' eggs, in shell: fresh, fertilised eggs for incubation, other than fowls of the species Gallus domesticus (domestic hens) (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 (136), Refined Copper (70.3), Rough Wood (32.6), Niobium, Tantalum, Vanadium and Zirconium Ore (32.2), and Cobalt (18.2). 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 Drawing, mathematical, length measuring instruments (1.61), Articles of copper nes (0.56), Hydraulic turbines, water wheels, regulators thereof (-0.065), Survey, oceanographic, meteorological instruments etc (-0.24), and Passenger and goods transport ships, boats (-0.49). 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 Manganese Ore (0.045), Petroleum Gas (0.044), Cobalt Ore (0.043), Scrap Vessels (0.041), and Gold (0.039). 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.
During the last 20 years Republic of the Congo's economy has become relatively less complex, moving from the 95th to the 126th 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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