flag Gàmbia Gàmbia: Perfil comercial

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 20162017201820192020
Imports of Goods (million USD) 411549677621695
Exports of Goods (million USD) 11110614013361
Imports of Services (million USD) n/a12210196102
Exports of Services (million USD) n/a136197214117
Imports of Goods and Services (Annual % Change) 219183n/a
Exports of Goods and Services (Annual % Change) -131044-1n/a
Trade Balance (million USD) -210-297-369n/an/a
Foreign Trade (in % of GDP) 46536356n/a
Imports of Goods and Services (in % of GDP) 30374135n/a
Exports of Goods and Services (in % of GDP) 16172221n/a

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

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To go further, check out our service Import Controls and Export Controls

To go further, check out our service Import Export Flows

 

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List of tariffs and local taxes that apply to your product on our service Customs Duties and Local Taxes

 
 
 

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Latest Update: April 2022

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