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2023
Economic Complexity
Trade -0.62Rank 92 of 132
2022
Economic Complexity
Research -0.71Rank 105 of 140
2023
Product
Exports | Imports $10.6B | $4.48B102 of 226 |  149 of 226
2023
Per Capita Product
Exports | Imports $4.28k | $1.8k70 of 220 |  129 of 220

About

Overview In 2023, Gabon was the number 126 economy in the world in terms of GDP (current US$), the number 102 in total exports, the number 149 in total imports, the number 100 economy in terms of GDP per capita (current US$) and the number 92 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Gabon are Crude Petroleum ($5.84B), Manganese Ore ($1.52B), Special Purpose Ships ($1.31B), Refined Petroleum ($382M), and Sawn Wood ($333M), exporting mostly to China ($2.77B), Indonesia ($875M), Spain ($739M), Israel ($680M), and Republic of the Congo ($574M).

Imports The top imports of Gabon are Special Purpose Ships ($955M), Refined Petroleum ($225M), Cars ($111M), Packaged Medicaments ($100M), and Poultry Meat ($98.6M), importing mostly from France ($648M), China ($562M), South Korea ($560M), United States ($297M), and India ($164M).

Location Gabon borders Cameroon, Republic of the Congo, and Equatorial Guinea by land and Sao Tome and Principe by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Crude Petroleum$5.84B
Top Destination (2023)China$2.77B

In 2023, Gabon exported a total of $10.6B, making it the number 102 exporter in the world. During the last five reported years the exports of Gabon have changed by -$207M from $10.8B in 2018 to $10.6B in 2023.

The most recent exports are led by Crude Petroleum ($5.84B), Manganese Ore ($1.52B), Special Purpose Ships ($1.31B), Refined Petroleum ($382M), and Sawn Wood ($333M). The most common destination for the exports of Gabon are China ($2.77B), Indonesia ($875M), Spain ($739M), Israel ($680M), and Republic of the Congo ($574M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Brazil$489M (+ 145k%)
Indonesia$478M (+ 120%)
Spain$476M (+ 180%)
Fastest Growing Import Markets (2022 - 2023)
South Korea$541M (+ 2.8k%)
Panama$120M (+ 68k%)
France$82.2M (+ 14.5%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2017)

Service Imports (2017)

Economic Complexity

Overview

Economic Complexity (Trade)-0.62Rank 92 of 132
Economic Complexity (Research)-0.71Rank 105 of 140

Most Specialized Products by RCA Index

Gabon has a high level of specialization in Manganese Ore (489), Special Purpose Ships (140), Veneer Sheets (113), Tug Boats (73.6), and Sawn Wood (19.1). Specialization is measured using RCA, an index that takes the ratio between Gabon observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Gabon according to the product complexity index (PCI) are Copper; articles thereof n.e.c. in chapter 74 (1.09), Tubing; flexible, with or without fittings, of base metal (0.8), Pitch and pitch coke; obtained from coal tar or from other mineral... (0.75), Oils and other products of the distillation of high temperature coal tar;... (0.38), and Electric generating sets and rotary converters (0.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Gabon according to the relatedness index, were Cocoa Shells (0.079), Aluminium Ore (0.052), Nickel Ore (0.045), Cocoa Beans (0.044), and Petroleum Gas (0.041). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gabon is not specialized in.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Gabon. These are products that tend to be co-exported with the products that Gabon exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Gabon's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨96th to the 92nd⁩ 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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ECI (Trade) Ranking by Country

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