Observatory of Economic Complexity

Flag Gabon

Econ Complexity (2018): -1.35, Rank 126 of 137

Product Exports (2018): $5.75B, Rank 108 of 222

Exports Per Capita (2018): $2.71k, Rank 5 of 219

Product Imports (2018): $2.06B, Rank 155 of 221

Imports Per Capita (2018): $970, Rank 12 of 219

Service Exports (2015): $49.3M, Rank 166 of 170

Service Imports (2015): $432M, Rank 148 of 170

GDP (2018): $16.9B, CURRENT US$
Rank 120 of 196

GDP growth (2008 - 2018): 8.67%, CURRENT US$
Rank 147 of 196

GDP PC (2018): $7,953, CURRENT US$
Rank 88 of 196

GDP PC GROWTH (2008 - 2018): -22.1%, CURRENT US$
Rank 186 of 196

About

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Overview: In 2018 Gabon was the number 120 economy in the world in terms of GDP (current US$), the number 108 in total exports, the number 155 in total imports, the number 88 economy in terms of GDP per capita (current US$) and the number 126 most complex economy according to the Economic Complexity Index (ECI)

Exports: The top exports of Gabon are Crude Petroleum ($3.57B), Manganese Ore ($1.22B), Sawn Wood ($411M), Refined Petroleum ($147M), and Veneer Sheets ($139M), exporting mostly to China ($2.62B), India ($511M), South Korea ($486M), Australia ($318M), and United States ($256M).

Imports: The top imports of Gabon are Poultry Meat ($75.5M), Packaged Medicaments ($59.8M), Delivery Trucks ($54M), Cars ($43.3M), and Refined Petroleum ($42.3M), importing mostly from France ($519M), China ($386M), Belgium-Luxembourg ($135M), Netherlands ($98M), and United Arab Emirates ($85.4M).

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

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Crude Petroleum, $3.57B

Top Destination (2018): China, $2.62B

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.

The most recent exports are led by Crude Petroleum ($3.57B), Manganese Ore ($1.22B), Sawn Wood ($411M), Refined Petroleum ($147M), and Veneer Sheets ($139M). The most common destination for the exports of Gabon are China ($2.62B), India ($511M), South Korea ($486M), Australia ($318M), and United States ($256M).

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Yearly Imports

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Value
Depth

Top Import (2018): Poultry Meat, $75.5M

Top Origin (2018): France, $519M

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.

The most recent imports of Gabon are led by Poultry Meat ($75.5M), Packaged Medicaments ($59.8M), Delivery Trucks ($54M), Cars ($43.3M), and Refined Petroleum ($42.3M). The most common import partners for Gabon are France ($519M), China ($386M), Belgium-Luxembourg ($135M), Netherlands ($98M), and United Arab Emirates ($85.4M).

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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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).

Forecasts

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Trade Forecasts

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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.

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Tariffs

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Tariffs by Product

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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.

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*The tariffs applied to imports for Gabon are:
136: Most Favoured Nation duty rate treatement
203: Preferential tariff for Economic and Monetary Community of Central Africa (French: Communauté économique et monétaire de l'Afrique centrale (CEMAC))

Economic Complexity

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Economic Complexity Ranking

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Scale

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.

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Most Specialized Products by RCA Index

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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.

Most Complex Products by PCI

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The highest complexity exports of Gabon according to the product complexity index (PCI) are Tank, cask, box, container, iron/steel, capacity <300l (0.2), Manganese, articles thereof, waste or scrap (-0.31), Plywood, veneered panels and similar laminated wood (-0.73), Iron and non-alloy steel in primary forms, ingots (-0.8), and Veneers and sheets for plywood etc <6mm thick (-0.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Product Space

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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.

Diversification Frontier

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Depth

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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