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· According to the trade statistics compiled by theInt ernational Trade Center China is Gabon’s biggest trading partner
· The data reveals that Gabon has achieved a cumulative trade surplus of US$16.3 billion between 2009 and 2020 with China, which constitutes almost 30% of the country’s trade surplus over the period under 2009 to 2020
· China’s share in total export of Gabon was 63% in 2019: of that 74.8% of the products sold during 2019 was hydrocarbons, followed by wood and other products
According to the trade statistics compiled by the International Trade Center China is Gabon’s biggest trading partner. The data reveals that Gabon has achieved a cumulative trade surplus of US$16.3 billion between 2009 and 2020 with China, which constitutes almost 30% of the country’s trade surplus over the period under 2009 to 2020.
China imported from Gabon at an estimated annual rate of 44%. China’s share in total export of Gabon was 63% in 2019. Of that 74.8% of the products sold during 2019 was hydrocarbons, followed by wood and other products.
The United States was Gabon’s second most important partner. With the US, Gabon has a surplus of around US$11 billion ( period between 2009 and 2020). The other major trading partners of Gabon are Japan, Australia, India, Spain, South Korea, Malaysia, Italy and a surprising entry into the list is for Trinidad and Tobago, with which Gabon has a trade surplus of US$9 billion over the period. Significantly, France, the country’s former colonial ruler is not appearing in the 10 most traded countries of Gabon
The World Bank has decided to release US$100 million for an emergency recovery project in northern Mozambique, to help a large number of people being displaced by the jihadist insurgency.
