Trade Trend

In 2023, Gambia's total export value is 83.39Million USD, total import value is 2.45Billion USD, Deficit is -2.36Billion USD, and foreign trade dependency is 1.081. In 2023，Gambia's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(60.15Million USD), Cane or beet sugar and chemically pure sucrose, in solid form(4.50Million USD), Groundnuts; not roasted or otherwise cooked, whether or not shelled or broken(1.98Million USD), top export destinations are Guinea-bissau(59.25Million USD), Mali(8.84Million USD), China(5.68Million USD). In 2023, Gambia's top import products are Motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without sidecars; sidecars(1.63Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(247.77Million USD), Rice(52.26Million USD), top import origins are Denmark(1.63Billion USD), Senegal(136.70Million USD), India(85.88Million USD).

Comparing to 2022, Gambia's total export value increased 28.48Million USD(51.86%) in 2023, this could result from its export increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(43.93Million USD or 270.90%), Cane or beet sugar and chemically pure sucrose, in solid form(4.09Million USD or 990.31%), Tomatoes; prepared or preserved otherwise than by vinegar or acetic acid(1.70Million USD or 1.11Thousands%) and export increases to countries/economics such as Guinea-bissau(58.63Million USD or 9.37Thousands%), United Kingdom(959.00Thousands USD or 347.46%), India(388.00Thousands USD or 19.44%). Comparing to 2022, Gambia's total import value increased 1.53Billion USD(167.93%) in 2023, this could result from its import increases of products such as Motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or without sidecars; sidecars(1.62Billion USD or 61.56Thousands%), Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen, phosphorus, potassium; other fertilisers; goods of chapter 31 in tablets or packages of gross weight not exceeding 10kg(13.10Million USD or 48.35%), Rice(12.23Million USD or 30.55%), and its import increases from countries/economies such as Denmark(1.63Billion USD or 52.15Thousands%), Senegal(76.47Million USD or 126.97%), Belgium(42.37Million USD or 155.66%).