2023
Exports
$5.84BWorld Rnk 27 / 150
Flag Rnk 1 / 717
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$847World Rnk 144 / 159
Flag Rnk 1025 / 1091
2023
ECONOMIC COMPLEXITY of Gabon
-0.62Rnk 92 / 132

About

Exports In 2023, Gabon exported $5.84B in Crude Petroleum, making it the 27th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Gabon. The main destination of Crude Petroleum exports from Gabon are: China ($1.7B), Indonesia ($867M), Israel ($680M), Brazil ($489M), and Malaysia ($353M).

The fastest growing export markets for Crude Petroleum of Gabon between 2022 and 2023 were Brazil ($489M), Indonesia ($481M), and Israel ($456M).

Imports In 2023, Gabon imported $847 in Crude Petroleum, becoming the 144th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1025th most imported product in Gabon. Gabon imports Crude Petroleum primarily from: Lebanon ($800) and Egypt ($47).

The fastest growing import markets in Crude Petroleum for Gabon between 2022 and 2023 were Lebanon ($800) and Egypt ($47).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.84B
IMPORTS (2023)$847
NET TRADE (2023)$5.84B

In 2023, Gabon exported $5.84B in Crude Petroleum. The main destinations of Gabon exports on Crude Petroleum were China ($1.7B), Indonesia ($867M), Israel ($680M), Brazil ($489M), and Malaysia ($353M).

In 2023, Gabon imported $847 in Crude Petroleum, mainly from Lebanon ($800) and Egypt ($47).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Gabon WERE (2022 - 2023):
Brazil$489M (1%)
Indonesia$481M (125%)
Israel$456M (203%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Gabon WERE (2022 - 2023):
China-$401M (-19.1%)
North Korea-$335M (-95%)
Gibraltar-$322M (-96.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Gabon's main exporting competitors in Crude Petroleum were:
In 2023, Gabon's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $553M
TOP IMPORT POTENTIALNigeria+ $812

Crude Petroleum’s highest export potential is China. With an export gap of $553M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $812.

See methodology.

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