Flag Gambia

Product Exports (2018): $118M, Rank 186 of 222

Exports Per Capita (2018): $51.6, Rank 47 of 219

Product Imports (2018): $1.64B, Rank 160 of 221

Imports Per Capita (2018): $721, Rank 16 of 219

Service Exports (2013): $17.9M, Rank 180 of 183

Service Imports (2013): $80.3M, Rank 170 of 180

GDP (2018): $1.63B, CURRENT US$
Rank 174 of 196

GDP growth (2008 - 2018): 4.55%, CURRENT US$
Rank 158 of 196

GDP PC (2018): $716, CURRENT US$
Rank 182 of 196

GDP PC GROWTH (2008 - 2018): -22.5%, CURRENT US$
Rank 187 of 196

Overview: This page contains the latest international trade data for Gambia, including service trade data. In 2018 Gambia was the number 174 economy in the world in terms of GDP (current US$), the number 186 in total exports, and the number 160 in total imports. In 2018, Gambia exported $118M and imported $1.64B, resulting in a negative trade balance of -$1.53B. In 2018, Gambia's exports per capita were $51.6 and its imports per capita were $721.

Trade: The top exports of Gambia are Coconuts, Brazil Nuts, and Cashews ($36.5M), Rough Wood ($15M), Non-fillet Frozen Fish ($9.74M), Scrap Iron ($4.94M), and Sawn Wood ($4.45M). The top imports of Gambia are Refined Petroleum ($271M), Light Pure Woven Cotton ($186M), Rice ($77M), Palm Oil ($56M), and Raw Sugar ($54.9M).

Destinations: Gambia exports mostly to India ($44.3M), China ($19.9M), South Korea ($9.87M), Senegal ($8.17M), and Belgium-Luxembourg ($5.32M), and imports mostly from China ($440M), Cote d'Ivoire ($277M), India ($150M), Senegal ($100M), and Brazil ($89.8M).

Location: Gambia borders Senegal by land and Cape Verde by sea.

Yearly Exports

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Value
Depth

Top Export (2018): Coconuts, Brazil Nuts, and Cashews, $36.5M

Top Destination (2018): India, $44.3M

In 2018 Gambia exported a total of $118M, making it the number 186 exporter in the world. During the last five reported years the exports of Gambia have changed by -$115M from $233M in 2013 to $118M in 2018.

The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($36.5M), Rough Wood ($15M), Non-fillet Frozen Fish ($9.74M), Scrap Iron ($4.94M), and Sawn Wood ($4.45M). The most common destination for the exports of Gambia are India ($44.3M), China ($19.9M), South Korea ($9.87M), Senegal ($8.17M), and Belgium-Luxembourg ($5.32M).

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Yearly Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $271M

Top Origin (2018): China, $440M

In 2018 Gambia imported $1.64B, making it the number 160 trade destination in the world. During the last five reported years the imports of Gambia changed by $617M from $1.03B in 2013 to $1.64B in 2018.

The most recent imports of Gambia are led by Refined Petroleum ($271M), Light Pure Woven Cotton ($186M), Rice ($77M), Palm Oil ($56M), and Raw Sugar ($54.9M). The most common import partners for Gambia are China ($440M), Cote d'Ivoire ($277M), India ($150M), Senegal ($100M), and Brazil ($89.8M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Gambia Exports Services (2013): $17.9M

Gambia Imports Services (2012): $80.3M

In 2013, Gambia exported $17.9M worth of services. The top services exported by Gambia in 2013 were Telecommunications services ($17.9M).

The top services imported by Gambia in 2012 were Transportation ($52.3M), Insurance services ($17.4M), Travel ($8.1M), Communications services ($1.55M), and Construction services ($896k).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Gambia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Gambia has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (603), Artificial Filament Yarn Woven Fabric (262), Rough Wood (149), Fish Oil (123), and Legumes (76.4). Specialization is measured using RCA, an index that takes the ratio between Gambia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Gambia according to the product complexity index (PCI) are Instruments to check or measure electricity, radiation (1.6), Domestic appliances, incorporating electric motor (1.08), Engines and motors, nes (1.05), Parts for use with lifting, moving machinery (0.99), and Self-propelled earth moving, road making, etc machines (0.85). 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 Gambia according to the relatedness index, are Cocoa Beans (0.11), Gold (0.1), Crude Petroleum (0.099), Coconut Oil (0.091), and Perfume Plants (0.091). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gambia 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.

Diversification Frontier

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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.