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2023
Product
Exports | Imports $3.16B | $2.57B138 of 226 |  159 of 226
2023
Per Capita Product
Exports | Imports $1.17k | $954117 of 220 |  161 of 220

About

Overview In 2023 Gambia was the number 138 economy in the world in terms of total exports and the number 159 in total imports.

Exports The top exports of Gambia are Packaged Medicaments ($299M), Cars ($213M), Harvesting Machinery ($148M), Refined Petroleum ($109M), and Trailers and semi-trailers, not mechanically propelled vehicles ($106M), exporting mostly to Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), China ($44.8M), India ($42.5M), and Greece ($25.2M).

Imports The top imports of Gambia are Crude Petroleum ($396M), Refined Petroleum ($164M), Light Pure Woven Cotton ($161M), Ferroalloys ($123M), and Rice ($106M), importing mostly from Kazakhstan ($671M), China ($475M), Senegal ($210M), India ($192M), and Brazil ($115M).

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

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Gambia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Packaged Medicaments$299M
Top Destination (2023)Kazakhstan$2.91B

In 2023, Gambia exported a total of $3.16B, making it the number 138 exporter in the world. During the last five reported years the exports of Gambia have changed by $3.03B from $127M in 2018 to $3.16B in 2023.

The most recent exports are led by Packaged Medicaments ($299M), Cars ($213M), Harvesting Machinery ($148M), Refined Petroleum ($109M), and Trailers and semi-trailers, not mechanically propelled vehicles ($106M). The most common destination for the exports of Gambia are Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), China ($44.8M), India ($42.5M), and Greece ($25.2M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Guinea-Bissau$58.6M (+ 9.4k%)
Greece$23.6M (+ 1.51k%)
Indonesia$3.99M (+ 9.77k%)
Fastest Growing Import Markets (2022 - 2023)
India$62.8M (+ 48.6%)
Belgium$27M (+ 88.4%)
Indonesia$17.7M (+ 33.6%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Gambia Exports Services (2013)$17.9M

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

Gambia did not import services in the same year.

Service Exports (2013)

Economic Complexity

Most Specialized Products by RCA Index

Gambia has a high level of specialization in Steam Boilers (78.6), Tobacco Processing Machines (44.9), Titanium Ore (36.7), Harvesting Machinery (35.3), and Nuclear Reactors (27.3). Specialization is measured using RCA, an index that takes the ratio between Gambia observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Gambia according to the relatedness index, were Cermets (0.27), Sheet Music (0.27), Other Hand Tools (0.26), Thermostats (0.26), and Developed Exposed Photographic Material (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Gambia is not specialized in.

Product Space

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.

Relatedness Space

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.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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