Republic of the Congo2021 Economic Complexity Trade : -1.02, Rank 107 of 131
2021 Economic Complexity Research : -0.53, Rank 93 of 140
2021 Product Exports | Imports: $6.74B | $3.24B, 114 of 226 | 155 of 226
2021 Per Capita Product Exports | Imports: $1.19k | $572, 119 of 219 | 175 of 219
Overview In 2021, Republic of the Congo was the number 133 economy in the world in terms of GDP (current US$), the number 114 in total exports, the number 155 in total imports, the number 138 economy in terms of GDP per capita (current US$) and the number 107 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Republic of the Congo are Refined Copper ($3.18B), Crude Petroleum ($1.71B), Refined Petroleum ($318M), Rough Wood ($229M), and Tin Ores ($179M), exporting mostly to United Arab Emirates ($1.75B), China ($1.12B), Greece ($531M), Vietnam ($521M), and Italy ($376M).
Imports The top imports of Republic of the Congo are Poultry Meat ($151M), Special Purpose Ships ($146M), Refined Petroleum ($111M), Passenger and Cargo Ships ($90.4M), and Cars ($75.6M), importing mostly from China ($661M), France ($300M), Belgium ($158M), India ($151M), and United Arab Emirates ($137M).
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.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2021): Refined Copper, $3.18B
Top Destination (2021): United Arab Emirates, $1.75B
In 2021, Republic of the Congo exported a total of $6.74B, making it the number 114 exporter in the world. During the last five reported years the exports of Republic of the Congo have changed by -$1.85B from $8.59B in 2016 to $6.74B in 2021.
The most recent exports are led by Refined Copper ($3.18B), Crude Petroleum ($1.71B), Refined Petroleum ($318M), Rough Wood ($229M), and Tin Ores ($179M). The most common destination for the exports of Republic of the Congo are United Arab Emirates ($1.75B), China ($1.12B), Greece ($531M), Vietnam ($521M), and Italy ($376M).
Fastest Growing Export Markets (2020 - 2021)
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).
Republic of the Congo has a high level of specialization in Tin Ores (463), Niobium, Tantalum, Vanadium and Zirconium Ore (128), Refined Copper (108), Rough Wood (39), and Special Purpose Ships (22.4). 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 Surveying (including photogrammetrical surveying), hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and... (0.31), Nickel; waste and scrap (-0.18), Tableware and kitchenware, of wood (-0.35), Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for... (-0.39), and Sheets for veneering (including those obtained by slicing laminated wood), for plywood... (-0.61). 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, were Gold (0.067), Manganese Ore (0.056), Uranium and Thorium Ore (0.056), Petroleum Gas (0.056), and Non-fillet Frozen Fish (0.051). 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 nullth to the 107th 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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