2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 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 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC
$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH
35.8%CURRENT US$
Rnk 68 / 195

About

Russia-Gambia Trade: In 2023, Russia exported $11.5M to Gambia. The main products that Russia exported to Gambia were Refined Petroleum ($11.5M). Over the past 5 years the exports of Russia to Gambia have increased at an annualized rate of 37.3%, from $2.36M in 2018 to $11.5M in 2023.

In 2020, Russia exported services to Gambia worth $12k, with Financial services ($6k) and Other business services ($6k) being the largest in terms of value.

Gambia-Russia Trade: In 2023, Gambia exported $8.54k to Russia. The main products that Gambia exported to Russia were N/A. Over the past 5 years the exports of Gambia to Russia have decreased at an annualized rate of 32%,  from $58.6k in 2018 to $8.54k in 2023.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). 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, Russia exported $11.5M to Gambia. The main products exported from Russia to Gambia were Refined Petroleum ($11.5M). During the last 5 years the exports of Russia to Gambia have increased at an annualized rate of 37.3%, from $2.36M in 2018 to $11.5M in 2023.

In 2017, Gambia exported $8.54k to Russia. There were not main exports from Gambia to Russia in 2017. During the last 5 years the exports of Gambia to Russia have decreased at an annualized rate of 32%, from $58.6k in 2022 to $8.54k in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Gambia
Top Destination
Kazakhstan$2.91B

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

In 2023, countries that imported more from Russia than Gambia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Gambia than Russia included Guinea-Bissau ($59.3M), Mali ($8.85M), and Vietnam ($839k).

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

Comparative Advantage Russia - Gambia

Flow
Scale

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

During 2023, Russia had a large net trade with Gambia in the exports of Mineral Products ($11.5M).

During 2017, Gambia had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Gambia+$3.31kRefined Petroleum
Top Product Potential Gambia Russia+$2.28kScrap Iron

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 Russia and Gambia. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Gambia. Similarly, a dot/product with the flag of Gambia indicates it has a comparative advantage over Russia.

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

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