Gabon2019 Economic Complexity: -1.4, Rank 147 of 157
2019 Product Exports | Imports: $6.46B | $2.28B, 105 of 225 | 158 of 225
2019 Per Capita Product Exports | Imports: $2.97k | $1.05k, 78 of 219 | 146 of 219
2015 Service Exports | Imports : $49.3M | $432M, 166 of 170 | 148 of 170
Overview: In 2019 Gabon was the number 118 economy in the world in terms of GDP (current US$), the number 105 in total exports, the number 158 in total imports, the number 85 economy in terms of GDP per capita (current US$) and the number 147 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Gabon are Crude Petroleum ($4.3B), Manganese Ore ($1.28B), Sawn Wood ($356M), Veneer Sheets ($198M), and Refined Petroleum ($59.3M), exporting mostly to China ($4.06B), Singapore ($332M), South Korea ($286M), Italy ($179M), and Malaysia ($164M).
Imports: The top imports of Gabon are Poultry Meat ($70.8M), Excavation Machinery ($56.8M), Packaged Medicaments ($55.4M), Cars ($54.8M), and Rice ($48.4M), importing mostly from France ($505M), China ($377M), Belgium ($143M), United States ($127M), and United Arab Emirates ($110M).
Location: Gabon borders Cameroon, Republic of the Congo, and Equatorial Guinea by land and Sao Tome and Principe by sea.
Top Export (2019): Crude Petroleum, $4.3B
Top Destination (2019): China, $4.06B
In 2019, Gabon exported a total of $6.46B, making it the number 105 exporter in the world. During the last five reported years the exports of Gabon have changed by -$3.26B from $9.72B in 2014 to $6.46B in 2019.
The most recent exports are led by Crude Petroleum ($4.3B), Manganese Ore ($1.28B), Sawn Wood ($356M), Veneer Sheets ($198M), and Refined Petroleum ($59.3M). The most common destination for the exports of Gabon are China ($4.06B), Singapore ($332M), South Korea ($286M), Italy ($179M), and Malaysia ($164M).
Top Import (2019): Poultry Meat, $70.8M
Top Origin (2019): France, $505M
In 2019 Gabon imported $2.28B, making it the number 158 trade destination in the world. During the last five reported years the imports of Gabon changed by -$2.1B from $4.38B in 2014 to $2.28B in 2019.
The most recent imports of Gabon are led by Poultry Meat ($70.8M), Excavation Machinery ($56.8M), Packaged Medicaments ($55.4M), Cars ($54.8M), and Rice ($48.4M). The most common import partners for Gabon are France ($505M), China ($377M), Belgium ($143M), United States ($127M), and United Arab Emirates ($110M).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Gabon Exports Services (2015): $49.3M
Gabon Imports Services (2015): $432M
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).
The top product import tariffs by their MFN Ad Valorem value for Gabon are Acrylic & vinyl polymer based paint, varnish, in wate (30%) and Acrylic or vinyl polymer paint or varnish, non-aqueou (30%).
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 Gabon are:
During the last 20 years Gabon's economy has become relatively less complex, moving from the 126th to the 147th 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 (469), Veneer Sheets (153), Manganese (64.7), Railroad Ties (42.5), and Sawn Wood (27.1). 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 Alloy steel in ingots in primary form or semi-finished (0.88), Manganese, articles thereof, waste or scrap (0.056), Passenger and goods transport ships, boats (-0.49), Plywood, veneered panels and similar laminated wood (-0.6), and Veneers and sheets for plywood etc <6mm thick (-0.7). 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 Petroleum Gas (0.031), Cocoa Beans (0.029), Aluminium Ore (0.028), Tin Ores (0.028), and Maté (0.026). 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.
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