Downtown Africa
Based on mirror data on foreign trade, Gabon has achieved a cumulative trade surplus of $16.3 billion between 2009 and 2020. This represents almost 30% of the country’s trade surplus over the period.
The data shows that China has increased its purchases of products from Gabon at an estimated annual rate of 44%, thus becoming the buyer of 63% of the products sold by the country on the world market in 2019. 74.8% of the products sold during this reference year consist of hydrocarbons. This is followed by wood and other products.
Also on the list is the United States, Gabon’s second most profitable partner, with a surplus of around US$11 billion between 2009 and 2020. Other countries in top ten are Japan, Australia, India, Spain, South Korea, Malaysia, Italy and a surprising third place for Trinidad and Tobago, with a trade surplus of $9 billion over the period. France, the country’s former colonial ruler, does not appear in this listing.
This report was submitted by our Independent Reporter, Onyinyechi Cynthia (Nigeria). You too can start earning money by becoming our Independent Reporter. Contact us at IR@downtownafrica.com
