Trade Statistics

1. OVERVIEW OF THE GAMBIA’S EXTERNAL TRADE

 

The Gambia’s external trade for the year 2015 indicates an increase in total trade compared to 2014. The total trade figure increased from D19.8 billion in 2014 to D20.9 billion in 2015 indicating an increase of 6.2%. The total value of imports increased slightly by 6.6% whiles the total value of exports decreased by 11.4%. This decrease in total exports was attributed to a drop in the re-exports trade to the ECOWAS region.

 

However, the value of domestic exports for the period under review increased from D656 million in 2014 to D668 million in 2015 up by 1.7% mainly due to the increase in the export of fish and fisheries products which increased from D79.3 million in 2014 to D90.6 million in 2015.

 

 

Table 1.1: Summary of The Gambia’s external trade in D’ 000 (2012 2015)

 

Trade

2012

2013

2014

2015

%Change

Total Trade

16,687,912

16,201,935

19,772,215

20,995,589

6.2%

Imports

12,898,329

12,394,622

16,105,573

17,164,892

6.6%

Domestic export

590,351

426,688

656,713

668,108

1.7%

Re-export

3,199,232

3,380,625

3,666,642

3,162,589

-13.7%

Total exports

3,789,583

3,807,313

4,323,355

3,830,697

-11.4%

Trade Balance

-9,108,746

-8,587,309

-11,782,218

-13,334,195

13.2%

 

Source: MOTIE Trade Information Centre

 

Note: The average exchange rate in 2015 was D42.69 per US Dollars

 

The share of imports as a percentage of total trade increased from 81% in 2014 to 82% in 2015. The total exports constituted 22% of the total trade in 2014 against 18% in 2015.

 

Domestic exports represented 3.3% of the total exports in 2014 a little more compare to 3.2% in 2015. As for the re-exports,it accounted for 19% of total trade in 2014 compared to 15% in 2015.

 

Figure 1: Gambia’s import and export flows (2012 – 2015)

 

 

The Monthly imports values on average are above D1 billion, with the highest import values recorded in June 2015 at D2.58 billion. The Minimum imports is recorded in May and November at D1 billion.The trend of the monthly imports for 2015 is shown in figure 2 below.

           

Figure 2: Monthly imports - 2015

 

 

 

 

 

An analysis of total exports showed that the monthly domestic exports in all the months of the year 2015 were consistently below the average of D55 million except in March and June when domestic exports were above D100 million. The monthly re-exports were much stronger and on average above D200 million for most of the months, despite the overall drop in re-export trade in 2015. Table 1.2 and Figure 3 below showed the monthly performance of domestic exports and re-exports in 2015.

           

 

 

Table 1.2: Monthly Domestic exports and Re-exports (D’000) –2015

 

Months

Domestic exports

Re-exports

Total Exports

January

13,794

188,464

202,258

February

69,953

226,010

295,963

March

222,620

388,973

611,593

April

38,077

256,748

294,825

May

44,970

239,942

284,912

June

115,548

275,080

390,627

July

87,727

263,620

351,347

August

21,823

332,234

354,056

September

7,146

169,849

176,995

October

20,018

287,442

307,460

November

6,393

195,964

202,357

December

20,041

338,262

358,303

Total

668,108

3,162,589

3,830,697

       

Source: MOTIE Trade Information Centre

 

 

Figure 3: Monthly Domestic Exports and Re-exports – 2015

 

Source: MOTIE Trade Information Centre

 

 

In 2015 the value of the Gambia’s total exports dropped from D4.3 billion in 2014 to D3.8 billion in 2015 representing a decrease of 11.4%. This was due to a fall in the value of re-export to the ECOWAS region. The value of re-exports thus decreased from D3.6 billion in 2014 to D3.1 billion 2015. For the period under review, the EU and the Asia continued to be the main export Market for Gambian domestic products. The share of exports to EU increased significantly compare to 2014 from 3% to 12%. This increment resulted from the strong exports of Groundnut and Fish and Fishery products to the EU Markets. The share of exports to Asia has also increased from 5% in 2014 to 7% in 2015. However, the share of exports to the ECOWAS region was dropped from 91% in 2014 to 81% in 2015 mainly due drop in re-export trade to the ECOWAS region. The main domestic exports in 2015 are groundnut products, Cashew, fish and fishery products, fruits and vegetables, iron and steel. 3.1 Main domestic exported products (2015) The main domestically exported products from the Gambia in 2015 were groundnut 32.7%, followed by cashew nuts 20.6%, and then fish and fisheries products (13.6%). These three products accounted for 70% of the total value of Gambia’s domestic exports

 

Table 3.1: The main domestic export products in 2015

 

Products

FOB Value (D'000)

As % of Domestic exports

Groundnut and related products( nuts and cake)

218,410

32.7

Cashew nuts

137,481

20.6

Fish and fishery products

90,664

13.6

Animal or vegetable fats and oils

52,183

7.8

Preparations of vegetables, fruit and nuts

22,219

3.3

Beverages, spirits and vinegar

7,963

1.2

Printed books and newspapers

1,734

0.3

Preparations of meat, of fish

1,449

0.2

Iron and steel

865

0.1

Source: MOTIE Trade Information Centre

 

 

 

 

 

 

 

 

Table 3.2 and figure 5 below show the direction and share of exports by region in 2015 respectively.

 

 

Table 3.2: Direction of exports by region (D’000) (2014-2015)

REGIONS

2014

 

2015

 

% Change

ECOWAS

3,928,478

 

3,102,828

 

-21.0%

EU

143,895

 

446,402

 

210%

Asia

205,526

 

253,402

 

23.3%

Americas

6,444

 

20,747

 

222.0%

Others

39,013

 

7,318

 

-81.2

Total Exports

4,323,355

 

3,830,679

 

-11.4

Source: MOTIE Trade Information Centre

 

 

 

 

Figure 5: The Share of Total export by region (2014-2015)

 

 
                     
                       
                       
                       
                       
                       
                       
                       
                       

The ECOWAS region remained the main market for theGambia’s exports in 2015, although these were predominantly re-exports. The value of exports to the region decreased from D3.9 billion in 2014 to D3.1 billion constituting a fall of 21%. The main domestic exported products to ECOWAS region was fish and fishery products while the mainre-exports product was textiles which constituted 86% of total re-exports to ECOWAS. Other re-export products included wood and articles of wood and dairy products.The main destinations for Gambia’s exports to the ECOWAS region were Mali, Guinea,Senegal, Guinea and Guinea Bissau.

 

Table 3.3: Direction of exports to ECOWAS by country in 2015

Country

FOB Value

(D'000)

As % of exports

to ECOWAS

Mali

1,839,393

59.3

Guinea

703,224

22.7

Senegal

503,525

16.2

Guinea-Bissau

52,898

1.70

Togo

1,937

0.06

Nigeria

970

0.03

Benin

568

0.02

Others

312

0.01

Total ECOWAS

3,102,828

100.0

Source: MOTIE Trade Information Centre

 

 

 

 

Table 3.4: Main re-exported products to the ECOWAS region in 2015

Products

FOB Value

(D'000)

As % of exports

to ECOWAS

Textiles

2,662,377

85.8

Wood and Articles of Wood

93,057

3.0

Dairy Products

91,027

2.9

Preparations of Cereals

29,892

1.0

Other made up Textile Articles

28,404

0.9

Miscellaneous Edible Preparations

27,610

0.9

Preparations of Vegetables, Fruits and Nuts

23,296

0.8

Coffee, Tea, Mat and Spices

16,371

0.5

Petroleum Products

15,209

0.5

Edible Oil

12,982

0.4

Vehicles and Spare Parts

10,518

0.3

Electrical Machinery and Equipment and Parts

8,123

0.3

Preparations of Meat, of Fish

6,965

0.2

Iron and Steel

5,732

0.2

Plastics and Articles thereof

5,584

0.2

Preparation of Cereals

4,663

0.2

Machinery and Mechanical Appliances

4,146

0.1

Sugar and Sugar Confectionery

3,146

0.1

Source: MOTIE Trade Information Centre

 

The EU remain one of the main destination for the Gambia’s domestic exports which significantly increased from D143.8 million in 2014 to D446.4 million in 2015, up by 210%.This increment is also attributed to the increase in the export of groundnutsto the EU Markets.The share of exports to the EU increased from 3% in 2014 to 12% in 2015. The main exported products to the EU during this period are groundnuts, fish and fisheries products, cashew nuts and groundnut oil. These four products represented 60.3% of all the Gambian products exported to the EU market. France, Germany, Denmark, United Kingdom and Netherlands were the main export markets in the EU,accounting for 50.4%, 15.4%, 9.7%, 8.0% and 5.7% respectively. These five countries represented 89.2% of the total export to the EU 2015.

 

Tables 3.7 and 3.8 below indicate the direction of exports to the EU by Country and the main exported products to the EU market respectively.

 

Table 3.7: Direction of exports to the EU by country in 2015

Country

FOB Value

(D'000)

As % of exports

to EU

France

225,198

50.4

Germany

68,815

15.4

Denmark

43,169

9.7

United Kingdom

35,581

8.0

Netherlands

25,593

5.7

Sweden

24,164

5.4

Italy

11,093

2.5

Belgium

5,948

1.3

Spain

3,599

0.8

Others

3,242

0.7

Total EU

446,402

100.0

Source: MOTIE Trade Information Centre

 

 

Table 3.8: Main exported products to the EU in 2015

Products

FOB Value

(D'000)

As % of exports

to EU

Groundnut

107,727

24.1

Fish and Fishery products

55,780

12.5

Cashew nuts

53,647

12.0

Edible oil

52,183

11.7

Preparations of vegetables

8,252

1.85

Printed books and newspapers

1,734

0.39

Wood and articles of wood

193

0.04

Other made up textile articles

133

0.03

Source: MOTIE Trade Information Centre

The total value of exports to Asia increased from D205.5 million in 2014 to D253.4 million in 2015 up by 23.3%. This is mainly due to the strong exports of groundnuts and cashew to the Asian region. In addition, the share of exports to Asia as a percentage of totalexports increased from 5% in 2014 to 7% in 2015. The main exported products to this market are groundnuts, cashew nuts, fishery products and wood and article of woods. Groundnut exports constituted the highest value at D121 million representing 48% of all the products exported to Asia. The main export markets in Asia were Vietnam, Singapore, China and India representing 48%, 16.7%, 16.6%, and 15.9% respectively.

 

Table 3.5: Direction of exports to Asia by country in 2015

Country

 FOB Value

 (D'000)

As % of exports

 to Asia

Viet Nam

121,609

48.0

Singapore

42,388

16.7

China

42,014

16.6

India

40,417

15.9

Thailand

2,653

1.0

Israel

1,248

0.5

United Arab Emirates

554

0.2

Others

1,619

0.6

Total Asia

253,402

100.0

Source: MOTIE Trade Information Centre

 

 

Table 3.6: Main exported products to Asia in 2015

Products

FOB Value

(D'000)

As % of exports

to Asia

Groundnut

176,859

47.3

Cashew Nuts

74,939

20.0

Fish and Fishery Products

42,613

11.4

Wood and Articles of Wood

41,473

11.1

Preparations of Vegetables, Fruit and  Nuts

10,323

2.8

Iron and Steel

1,550

0.4

Source: MOTIE Trade Information Centre 

The total value of exports to the Americas increased in 2015 compare to 2014 from D2.2 billion to 2.5 billion up by 14.5%. This is due to the strong exports of cashew nuts and processed groundnut (groundnut cake) to the Americas. The main export market was United States (96.6%).

 

Table 3.9: Direction of exports to the Americas by country in 2015

Country

FOB Value

(D'000)

As % of exports

to Americas

United States

20,037

96.6

Others

710

3.4

Total Americas

20,747

100.0

Source: MOTIE Trade Information Centre

 

Table 3.10: Main exported products to Americas in 2015

Products

 FOB Value (D'000)

As % of exports

to Americas

Cashew nuts

9,837

47.4

Prepared Groundnuts (Cake)

8,043

38.8

Fish and Fishery Products

924

4.5

Textiles

48

0.2

Source: MOTIE Trade Information Centre