Overview: In 2018 Gabon was the number 120 economy in the world in terms of GDP (current US$), the number 108 in total exports, the number 155 in total imports, and the number 126 most complex economy according to the Economic Complexity Index (ECI). In 2018, Gabon exported $5.75B and imported $2.06B, resulting in a positive trade balance of $3.69B. In 2018, Gabon's exports per capita were $2.71k and its imports per capita were $970.
In 2018 Gabon exported a total of $5.75B, making it the number 108 exporter in the world. During the last five reported years the exports of Gabon have changed by -$3.13B from $8.88B in 2013 to $5.75B in 2018.
In 2018 Gabon imported $2.06B, making it the number 155 trade destination in the world. During the last five reported years the imports of Gabon changed by -$1.87B from $3.92B in 2013 to $2.06B in 2018.
In 2015, Gabon exported $49.3M worth of services. The top services exported by Gabon in 2015 were Operational leasing services ($21.1M), Personal travel ($20M), Business travel ($5.12M), Other direct insurance ($3.04M), and Freight insurance ($103k).
The top services imported by Gabon in 2015 were Personal travel ($118M), Business travel ($114M), Operational leasing services ($94.9M), Freight insurance ($83.3M), and Other direct insurance ($21.6M).
This section shows forecasts for total product exports and imports for Gabon. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Gabon 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))
During the last 20 years Gabon's economy has become relatively less complex, moving from the 96th 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.
Gabon has a high level of specialization in Manganese Ore (485), Veneer Sheets (120), Manganese (53.6), Sawn Wood (33), and Iron Ingots (10.6). Specialization is measured using RCA, an index that takes the ratio between Gabon observed and expected exports in each product.
The top export opportunities for Gabon according to the relatedness index, are Cocoa Shells (0.037), Tin Ores (0.032), Cocoa Beans (0.031), Petroleum Gas (0.029), and Aluminium Ore (0.029). 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 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.
Gabon
