Gambia 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

 

 

The value of the Gambia’s total imports increased from 16.1 billion in 2014 to 17.2 billion in 2015 representing a rise of 6.6%.Asia, ECOWAS and the EU continued to be the main sources of Gambian imports representing 81% of total imports. The share of import from EU in 2015 remained the same compare to 2014 at around 24%. The share of imports from Asia dropped from 31% in 2014 to around 25% in 2015. This was mainly due to drop in the imports of edible oil and rice from Asia in 2015. The share of imports from ECOWAS increased slightly from 26% in 2014 to 33% in 2015. 2.1 Main imported products in 2015 The main imported products in 2015 were petroleum products, cements and related products, vehicles and spare parts, rice and sugar. These products constituted 56.3% of total imported products.

 

Table 2.1 Top 10 imported products in 2015

 

Products

CIF Value

(D'000)

As % of total Imports

Petroleum Products

3,220,629

18.8

Cement and Related Products

2,160,261

12.6

Rice

1,765,933

10.3

Sugar

1,290,658

7.5

Vehicles and Spare Parts

1,218,533

7.1

Edible Oil

905,769

5.3

Others Cereals ( Mainly Wheat)

536,514

3.1

Electrical Machinery and Equipment and Parts

505,839

2.9

Products of the Milling Industry

445,453

2.6

Machinery and Mechanical Appliances and Parts

410,660

2.4

Pharmaceutical Products

343,951

2.0

Source: MOTIE Trade Information Centre

 

Table 2.2 and figure 4 below showsthe directions and share of imports by region in 2015respectively.

 

Table 2.2:  Direction of imports by region (D'000) - 2015

Regions

2014

2015

% Change

EU

3,914,909

4,041,838

3.2%

Asia

4,904,287

4,223,348

-13.9%

ECOWAS

4,212,934

5,718,811

35.7%

Americas

2,215,330

2,536,760

14.5%

Others

858,113

644,136

-24.9%

Total Imports

16,105,573

17,164,892

6.6%

Source: MOTIE Trade Information Centre

 

 

Figure 4:The Share of imports by region (2014-2015)

     

               

 

 

                       

 

 

 

The ECOWAS region continued to be the main source of Gambia’s imports of petroleum and cement. The value of imports from the ECOWAS region has increased from D4.2 billion in 2014 to D5.7 billion 2015, representing an increase of 35.7%. The ECOWAS region constituted 33% of total imports which is significantly more compared to 26% in 2014. Petroleum products and cement were the main imported products mainly from Cote d’Ivoire and Senegal respectively. These two countries represent 98.7 % of the value of imports from ECOWAS and 31% of the value of total imports in 2015. The value of imports of petroleum products however decrease from D3.5 billion in 2014 to D3.1 billion in 2015, whiles the value of cement has increase substantially from D3.3 million in 2014 to D1.7 billion in 2015

 

Table 2.5: Direction of imports from ECOWAS by country in 2015

Country

 CIF Value

(D'000)

As % of imports

 from ECOWAS

Cote d'Ivoire

3,070,183

53.7

Senegal

2,570,823

45.0

Guinea

33,649

0.6

Nigeria

19,373

0.4

Ghana

15,704

0.3

Togo

2,857

0.1

Benin

1,554

0.0

Mali

1,521

0.0

Others

3,147

0.1

Total ECOWAS

5,718,811

100.0

Source: MOTIE Trade Information Centre

 

 

Table 2.6: Main imported products from ECOWAS in 2015

 

Products

CIF Value

 (D'000)

As % of imports

 from ECOWAS

Petroleum Products

3,137,193

54.9

Cement and related Products

1,723,969

30.1

Cereals( Mainly Broken Rice)

425,549

7.4

Vehicles and Spare Parts

68,834

1.2

Wood and Articles of Wood

53,513

0.9

Electrical Machinery and Equipment and Parts

49,651

0.9

Tobacco Products

36,524

0.6

Edible Oil

33,631

0.6

Plastics and Articles thereof

16,850

0.3

Source: MOTIE Trade Information Centre 

The value of imports from the EU indicated a slight increase from D3.9 billion in 2014 to D4 billion in 2015. However, the share of imports from EU slightly went down from 24% in 2014 to 23% in 2015. The main imported products from EU were vehicles and spare parts and cements and related products. These products are mainly from United Kingdom (19.9%), Spain (15.4%), France (12.8%) and Germany (12.2%).

Table 2.3: Direction of imports from the EU by country in 2015

 

Country

 CIF Value (D'000)

As % of imports

from EU

United Kingdom

805,042

19.9

Spain

621,358

15.4

France

516,399

12.8

Germany

493,418

12.2

Netherlands

462,048

11.4

Belgium

457,614

11.3

Denmark

201,948

5.0

Poland

142,912

3.5

Latvia

111,240

2.8

Italy

87,265

2.2

Portugal

47,260

1.2

Others

95,333

2.4

Total EU

4,041,838

100.0

Source: MOTIE Trade Information Centre

 

 

 

Table 2.4: Main imported products from the EU in 2015

Products

CIF Value

(D'000)

As % of imports from EU

Vehicles  and Spare Parts

711,821

17.6

Cement and related Products

409,246

10.1

Products of the Milling industry

318,847

7.9

Printed books and Newspapers

286,339

7.1

Cereals( Mainly Wheat)

262,598

6.5

Pharmaceutical Products

233,729

5.8

Machinery and mechanical appliances and parts

230,605

5.7

Electrical Machinery and Equipment and Parts

226,202

5.6

Edible Vegetables and certain Roots and Tubers

131,778

3.3

Glass and Glassware

131,357

3.2

Dairy Products

121,084

3.0

Source: MOTIE Trade Information Centre 

The value of imports from Asia together with Middle East decreased from D4.9 billion in 2014 to D4.2 billion in 2015 representing a drop of 14%. This is mainly due to a decline in the imports of edible oil, electricalmachinery, equipment and parts from the Asian region. The share of imports from Asia as a percentage of total imports also decreased from 30% in 2014 to 25% in 2015. The main sources of imports from Asia continued to be China (28.7%), Pakistan (14.7%), Malaysia (12.4%) and India (12%). These Countries constitute 67.8% of the value of imports from Asia and 16.7% of total imports. The main imported products from Asia in 2015 were rice, accounting for 30% of total imports from Asia. Other imported products from Asia included edible oils and clothing and textiles.

 

Table 2.7: Direction of imports from Asia by Country in 2015

Country

CIF Value

 (D'000)

As % of imports

 from Asia

China

1,211,831

28.7

Pakistan

621,845

14.7

Malaysia

524,335

12.4

India

505,730

12.0

United Arab Emirates

349,941

8.3

Indonesia

264,608

6.3

Thailand

232,236

5.5

Turkey

146,561

3.5

Singapore

111,873

2.6

Others

254,387

6.0

Total Asia

4,223,348

100.0

Source: MOTIE Trade Information Centre

 

Table 2.8: Main imported products from Asia in 2015

Products

CIF Value

(D'000)

As % of imports from Asia

Rice

971,663

22.9

Edible Oil

808,677

19.1

Clothing and Textiles

332,495

7.8

Electrical Machinery  & Equipment and Parts

197,480

4.7

Plastics and Articles thereof

177,811

4.2

Vehicles and Spare Parts

148,953

3.5

Dairy Products

138,192

3.3

Machinery and Mechanical Appliances and Parts

131,449

3.1

Iron and Steel

118,558

2.8

Preparations of Vegetables, Fruit and Nuts

107,224

2.5

Ceramic Products

98,199

2.3

Source: MOTIE Trade Information Centre 

In 2015 the total value of imports from the Americas increased from D2.2 billion in 2014 to D2.5 billion in 2015 representing an increase of 14.5%. This was due to an increase in the import of rice and sugar mainly from Brazil. The main imported products were still sugar (48.7%) and rice (14.7%). The direction of imports and the main imported products from the Americas are shown in tables 2.8 and 2.9 below respectively.

 

Table 2.9: Direction of imports from the Americas by country in 2015

 

Country

CIF Value

 (D'000)

As % of imports

 from Americas

Brazil

1,621,656

63.9

United States

805,170

31.7

Paraguay

35,179

1.4

Belize

17,085

0.7

Canada

15,705

0.6

Guadeloupe

10,211

0.4

Peru

4,500

0.2

Argentina

1,013

0.0

Others

26,241

1.0

Total Americas

2,536,760

100.0

 

 

 

Table 2.10: Main imported products from the Americas in 2015

 

Products

CIF Value (D'000)

As % of imports from Americas

Sugar

1,235,640

48.7

Rice

364,910

14.4

Vehicles and Spare Parts

240,024

9.5

Meat and Edible Meat Offal

198,808

7.8

Ships, Boats and Floating Structures

180,316

7.1

Products of the Milling Industry

124,248

4.9

Electrical Machinery and Equipment and Parts

26,116

1.0

Machinery and Mechanical Appliances and Parts

23,408

0.9

Other made up Textile Articles

22,309

0.9

Dairy Products

16,323

0.6

Source: MOTIE Trade Information Centre