Gabon2021 Economic Complexity Trade : -1.41, Rank 123 of 131
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2021 Economic Complexity Research : -0.76, Rank 109 of 140
2021 Product Exports | Imports: $5.94B | $2.14B, 115 of 226 | 161 of 226
2021 Per Capita Product Exports | Imports: $2.61k | $941, 89 of 219 | 161 of 219
Overview In 2021, Gabon was the number 114 economy in the world in terms of GDP (current US$), the number 115 in total exports, the number 161 in total imports, the number 78 economy in terms of GDP per capita (current US$) and the number 123 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Gabon are Crude Petroleum ($3.61B), Manganese Ore ($1.34B), Sawn Wood ($290M), Veneer Sheets ($244M), and Refined Petroleum ($128M), exporting mostly to China ($2.24B), India ($871M), South Korea ($520M), Indonesia ($270M), and Netherlands ($238M).
Imports The top imports of Gabon are Poultry Meat ($94.9M), Packaged Medicaments ($59.7M), Passenger and Cargo Ships ($58M), Rice ($52.4M), and Cars ($49.6M), importing mostly from France ($471M), China ($436M), United Arab Emirates ($116M), Republic of the Congo ($94M), and United States ($93.5M).
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.
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.
Top Export (2021): Crude Petroleum, $3.61B
Top Destination (2021): China, $2.24B
In 2021, Gabon exported a total of $5.94B, making it the number 115 exporter in the world. During the last five reported years the exports of Gabon have changed by $1.64B from $4.3B in 2016 to $5.94B in 2021.
The most recent exports are led by Crude Petroleum ($3.61B), Manganese Ore ($1.34B), Sawn Wood ($290M), Veneer Sheets ($244M), and Refined Petroleum ($128M). The most common destination for the exports of Gabon are China ($2.24B), India ($871M), South Korea ($520M), Indonesia ($270M), and Netherlands ($238M).
Fastest Growing Export Markets (2020 - 2021)
Fastest Growing Import Markets (2020 - 2021)
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 (692), Veneer Sheets (181), Collector's Items (25.5), Sawn Wood (18.3), and Crude Petroleum (13.4). 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 Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents (0.087), Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods (-0.39), 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 (-0.61), Plywood, veneered panels and similar laminated wood (-0.88), and 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 (-0.88). 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, were Cocoa Beans (0.05), Gold (0.04), Tin Ores (0.04), Cobalt Ore (0.036), and Petroleum Gas (0.035). 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 71st to the 123rd 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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