China is still the most profitable player for Gabon in terms of trade. According to figures published by the International Trade Center, Gabon earns the most from its partnership with this country.
Between 2009 and 2020, on foreign trade, Gabon has earned 16.3 billion dollars through its partnership with China, a value of 9,184.5 billion CFA francs currently. This represents about 30% of the country’s trade surplus at the time.
China has increased its purchases of products from Gabon. Following the annual rate, this is estimated at 44%. In addition, since 2019, China buys the 63% of products sold by Gabon on the world market. This year, the hydrocarbon covers the 74.8% of products sold, and wood and other products after.
China and Gabon mark this year their 47th anniversary of partnership. These two countries are united by traditional ties of friendship based on sincerity, trust, mutual respect and a win-win principle.
After China, the United States is the second most profitable partner for Gabon.
Photo Credit: 123RF