flag Gambia Gambia: Trade Profile

Foreign Trade in Figures

With a liberal economy, Gambia is open to foreign trade, which was 45% of its GDP in 2020 (World Bank). Gambia’s exports are mainly made of machinery, cement, vegetable fats, nuts, woven fabrics and fish. The country imports petroleum oils, ships, vehicles, cereals, cement, sugar and food (ITC, 2020)

Gambia exports its goods mainly to Senegal, Mali, Guinea Bissau, India and China. The country mainly imports goods from Norway, China, Ivory Coast, Brazil, Turkey, India and Togo (ITC, 2020). The country is a member of the World Trade Organisation and of the ECOWAS. It has set a favourable regulation for trade with low customs duties. Its re-exportation activities, which represent a significant part of its foreign trade, are supported by its ports’ efficiency and trade policy. There is, however, low transparency on its customs duties’ calculation. The Gambia Revenue Authority (GRA) collects excise duties on locally manufactured products (per unit).

The Gambia’s trade balance is structurally negative. According to the World Bank, in 2020 The Gambia imported USD 695 million worth of goods while it exported USD 61 million worth of goods. It also imported services totalling USD 102 million and exported services totalling USD 117 million.

 
Foreign Trade Indicators 20172018201920202021
Imports of Goods (million USD) 549677621695607
Exports of Goods (million USD) 1061401336132
Imports of Services (million USD) 12210196102119
Exports of Services (million USD) 136197214117104
Imports of Goods and Services (Annual % Change) 19183n/an/a
Exports of Goods and Services (Annual % Change) 1044-1n/an/a
Trade Balance (million USD) -297-369n/an/an/a
Foreign Trade (in % of GDP) 536356n/an/a
Imports of Goods and Services (in % of GDP) 374135n/an/a
Exports of Goods and Services (in % of GDP) 172221n/an/a

Source: WTO – World Trade Organisation ; World Bank - Latest available data.

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Main Products

n/a bn USD of products exported in 2017
Milk and cream, concentrated or containing added...Milk and cream, concentrated or containing added sugar or other sweetening matter 0.0%
Woven fabrics of artificial filament yarn, incl....Woven fabrics of artificial filament yarn, incl. monofilament of >= 67 decitex and a maximum diameter of <= 1 mm 0.0%
Coconuts, brazil nuts and cashew nuts, fresh or...Coconuts, brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled 0.0%
Sugar confectionery not containing cocoa, incl....Sugar confectionery not containing cocoa, incl. white chocolate 0.0%
Footwear with outer soles and uppers of rubber or...Footwear with outer soles and uppers of rubber or plastics (excl. waterproof footwear of heading 6401, orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear) 0.0%
See More Products 100.0%
n/a bn USD of products imported in 2017
Granite, porphyry, basalt, sandstone and other...Granite, porphyry, basalt, sandstone and other monumental or building stone, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a square or rectangular shape (excl. in the form of granules, chippings or powder, or already with the characteristics of setts, curbstones and flagstones, and monumental or building stone of an apparent specific gravity of >= 2,5) 0.0%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 0.0%
RiceRice 0.0%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 0.0%
Fixed vegetable fats and oils, incl. jojoba oil,...Fixed vegetable fats and oils, incl. jojoba oil, and their fractions, whether or not refined, but not chemically modified (excl. soya-bean, groundnut, olive, palm, sunflower-seed, safflower, cotton-seed, coconut, palm kernel, babassu, rape, colza and mustard oil) 0.0%
See More Products 100.0%

Source: Comtrade, Latest Available Data

 

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Commercial Policy

International Economic Cooperation
Member of World Trade Organisation
Member of African Union (AU)

Member of Economic Community of West African States (ECOWAS)

Member of South Atlantic Peace and Cooperation Zone

Assessment of Commercial Policy
Country’s commercial policy
Average Customs Duty (Excluding Agricultural Products)
 
 
 
 

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Latest Update: October 2022