Gabon2020 Economic Complexity : -1.42, Rank 122 of 127
2020 Product Exports | Imports: $4.34B | $2.21B, 115 of 226 | 157 of 226
2020 Per Capita Product Exports | Imports: $1.95k | $993, 86 of 219 | 145 of 219
2017 Service Exports | Imports : $200M | $1.5B, 128 of 146 | 105 of 146
Overview In 2020, Gabon was the number 122 economy in the world in terms of GDP (current US$), the number 115 in total exports, the number 157 in total imports, the number 90 economy in terms of GDP per capita (current US$) and the number 122 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Gabon are Crude Petroleum ($2.36B), Manganese Ore ($1.23B), Sawn Wood ($284M), Veneer Sheets ($173M), and Refined Petroleum ($60.8M), exporting mostly to China ($2.81B), India ($282M), Singapore ($160M), South Korea ($143M), and Australia ($131M).
Imports The top imports of Gabon are Special Purpose Ships ($172M), Rice ($81M), Poultry Meat ($76.9M), Packaged Medicaments ($61.1M), and Valves ($37M), importing mostly from France ($449M), China ($415M), Republic of the Congo ($226M), United States ($89.5M), and United Arab Emirates ($82.2M).
In 2020, Gabon was the world's biggest importer of Non-powered Aircraft ($18M)
Location Gabon borders Cameroon, Republic of the Congo, and Equatorial Guinea by land and Sao Tome and Principe by sea.
The following section uses the most recent trade data from partners of Gabon.
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, $2.36B
Top Destination (2020): China, $449M
In 2020, Gabon exported a total of $4.34B, making it the number 115 exporter in the world. During the last five reported years the exports of Gabon have changed by -$1.05B from $5.39B in 2015 to $4.34B in 2020.
The most recent exports are led by Crude Petroleum ($2.36B), Manganese Ore ($1.23B), Sawn Wood ($284M), Veneer Sheets ($173M), and Refined Petroleum ($60.8M). The most common destination for the exports of Gabon are China ($2.81B), India ($282M), Singapore ($160M), South Korea ($143M), and Australia ($131M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Gabon Exports Services (2017): $200M
Gabon Imports Services (2017): $1.5B
In 2017, Gabon exported $200M worth of services. The top services exported by Gabon in 2017 were Miscellaneous business, professional, and technical services ($80.5M), Personal travel ($61.4M), Sea transport ($27.4M), Air transport ($8.58M), and Financial services ($5.05M).
The top services imported by Gabon in 2017 were Sea transport ($518M), Miscellaneous business, professional, and technical services ($481M), Personal travel ($290M), Air transport ($79.8M), and Telecommunications services ($74.7M).
Gabon has a high level of specialization in Manganese Ore (765), Veneer Sheets (193), Manganese (51.2), Sawn Wood (29.5), and Crude Petroleum (14.2). Specialization is measured using RCA, an index that takes the ratio between Gabon observed and expected exports in each product.
The highest complexity exports of Gabon according to the product complexity index (PCI) are Manganese; articles thereof, including waste and scrap (-0.36), Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, planed or not, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm (-0.5), Plywood, veneered panels and similar laminated wood (-0.78), Wood (including strips, friezes for parquet flooring, not assembled), continuously shaped (tongued, grooved, v-jointed, beaded or the like) along any edges, ends or faces, whether or not planed, sanded or end-jointed (-0.82), and Collections and collectors' pieces; of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest (-0.83). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Gabon according to the relatedness index, are Cocoa Beans (0.043), Gold (0.033), Tin Ores (0.031), Aluminium Ore (0.031), and Petroleum Gas (0.03). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gabon 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 Gabon's economy has become relatively less complex, moving from the 69th to the 122nd 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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