Overview In 2019 Gambia was the number 169 economy in the world in terms of GDP (current US$), the number 180 in total exports, the number 163 in total imports, the number 172 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Gambia are Rough Wood ($46.8M), Coconuts, Brazil Nuts, and Cashews ($32.2M), Sawn Wood ($15.4M), Refined Petroleum ($11.6M), and Fish Oil ($10.4M), exporting mostly to China ($67.9M), India ($40.1M), Mali ($11.9M), Chile ($9.58M), and South Korea ($5.9M).

Imports The top imports of Gambia are Light Pure Woven Cotton ($190M), Refined Petroleum ($81M), Rice ($60.1M), Raw Sugar ($54.2M), and Palm Oil ($45.5M), importing mostly from China ($531M), India ($154M), Senegal ($84.4M), Brazil ($80.4M), and Cote d'Ivoire ($70.7M).

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

Historical Data

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Yearly Exports

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Top Export (2019): Rough Wood, $46.8M

Top Destination (2019): China, $67.9M

In 2019, Gambia exported a total of $179M, making it the number 180 exporter in the world. During the last five reported years the exports of Gambia have changed by -$38.5M from $217M in 2014 to $179M in 2019.

The most recent exports are led by Rough Wood ($46.8M), Coconuts, Brazil Nuts, and Cashews ($32.2M), Sawn Wood ($15.4M), Refined Petroleum ($11.6M), and Fish Oil ($10.4M). The most common destination for the exports of Gambia are China ($67.9M), India ($40.1M), Mali ($11.9M), Chile ($9.58M), and South Korea ($5.9M).

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Yearly Imports

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Top Import (2019): Light Pure Woven Cotton, $190M

Top Origin (2019): China, $531M

In 2019 Gambia imported $1.61B, making it the number 163 trade destination in the world. During the last five reported years the imports of Gambia changed by $368M from $1.24B in 2014 to $1.61B in 2019.

The most recent imports of Gambia are led by Light Pure Woven Cotton ($190M), Refined Petroleum ($81M), Rice ($60.1M), Raw Sugar ($54.2M), and Palm Oil ($45.5M). The most common import partners for Gambia are China ($531M), India ($154M), Senegal ($84.4M), Brazil ($80.4M), and Cote d'Ivoire ($70.7M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Gambia has a high level of specialization in Fish Oil (467), Coconuts, Brazil Nuts, and Cashews (361), Rough Wood (314), Titanium Ore (63.4), and Other Oily Seeds (61.6). 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 Tools for working in the hand, non-electric motor (1.64), Weighing machinery except balances sensitivity > 50 mg (1.18), Auxiliary plant for boilers (0.77), Woven fabric of artificial filament, monofilament yarn (0.19), and Bar and rod of iron or non-alloy steel nes (0.021). 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 Gold (0.11), Cocoa Beans (0.1), Crude Petroleum (0.1), Perfume Plants (0.093), and Bananas (0.093). 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.

Relatedness Space

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This network shows the products most related to the production structure of Gambia. These are products that tend to be co-exported with the products that Gambia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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.