2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH
74.2%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH
35.8%CURRENT US$
Rnk 68 / 195

About

Austria-Gambia Trade: In 2023, Austria exported $8.58M to Gambia. The main products that Austria exported to Gambia were Light Pure Woven Cotton ($5.48M), Stone Processing Machines ($2.18M), and Machinery Having Individual Functions ($154k). Over the past 5 years the exports of Austria to Gambia have increased at an annualized rate of 14.8%, from $4.3M in 2018 to $8.58M in 2023.

In 2023, Austria did not export any services to Gambia.

Gambia-Austria Trade: In 2023, Gambia exported $10.6k to Austria. The main products that Gambia exported to Austria were Legumes ($9.21k), Fish Fillets ($1.03k), and Office Machine Parts ($321). Over the past 5 years the exports of Gambia to Austria have decreased at an annualized rate of 6.92%,  from $15.2k in 2018 to $10.6k in 2023.

In 2023, Gambia did not export any services to Austria.

Comparison In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56),  and 31 in total exports ($204B). That same year, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $8.58M to Gambia. The main products exported from Austria to Gambia were Light Pure Woven Cotton ($5.48M), Stone Processing Machines ($2.18M), and Machinery Having Individual Functions ($154k). During the last 5 years the exports of Austria to Gambia have increased at an annualized rate of 14.8%, from $4.3M in 2018 to $8.58M in 2023.

In 2018, Gambia exported $10.6k to Austria. The main products exported from Gambia to Austria were Legumes ($9.21k), Fish Fillets ($1.03k), and Office Machine Parts ($321). During the last 5 years the exports of Gambia to Austria have decreased at an annualized rate of 6.92%, from $15.2k in 2023 to $10.6k in 2018.

Exports from Austria (Flag) to Gambia (Flag) (2023)

Exports from Gambia (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Gambia (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Gambia
Top Destination
Kazakhstan$2.91B

This map shows whether countries import more from Austria or Gambia. Each country is colored based on the difference in imports they receive from Austria and Gambia or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Gambia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Gambia than Austria included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and North Korea ($8.03k).

Difference in imports from Gambia (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Gambia

Flow
Scale

This chart compares trade between Austria and Gambia by product, considering products traded by both, Austria and Gambia.

During 2023, Austria had a large net trade with Gambia in the exports of Textiles ($5.56M), Machines ($2.47M), and Instruments ($264k).

During 2018, Gambia had a large net trade with Austria in the exports of Vegetable Products ($9.21k), Animal Products ($1.03k), and Machines ($396).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Gambia+$83.5kFlavored Water
Top Product Potential Gambia Austria+$3.5kCoconuts, Brazil Nuts, and Cashews

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Gambia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Gambia. Similarly, a dot/product with the flag of Gambia indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Gambia (Flag) (2023)

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