Gabon

Gabon ranked No. 141 in total trade value through June with a total of $91.74 million. Exports totaled $58.66 million and Imports totaled $33.08 million, a surplus of $25.58 million.

U.S. trade with Gabon rose to $91.74 million through June

Gabon’s trade with the United States rose to $91.74 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 20.04 percent below its total trade during the same time period last year. U.S. exports to Gabon decreased 3.31 percent while U.S. imports from Gabon fell 38.82 percent. The U.S. surplus with Gabon was $25.58 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of New Orleans; No. 3 Houston Int’l Airport; No. 4 Port of Baltimore, Md.; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 Houston Int’l Airport; No. 4 Port of Savannah, Ga. and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 86.33 percent of Gabon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 27.49 percent to $38.03 million.
    Exports rose 23.46 percent to $36.2 million. Imports rose 259.62 percent to $1.83 million.
  • Trade with No. 2 Port of New Orleans fell 44.07 percent to $24.84 million.
    Exports fell 63.79 percent to $1.01 million. Imports fell 42.75 percent to $23.83 million.
  • Trade with No. 3 Houston Int’l Airport fell 16.89 percent to $8.23 million.
    Exports fell 13.59 percent to $8.2 million. Imports fell 92.12 percent to $32,805.
  • Trade with No. 4 Port of Baltimore, Md. rose 20.92 percent to $5.25 million.
    Exports rose 50.17 percent to $2.2 million. Imports rose 5.98 percent to $3.04 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 54.65 percent to $2.85 million.
    Exports fell 51.73 percent to $2.67 million. Imports fell 76.24 percent to $177,737.

Gabon ranked No. 141 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 144.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Gabon by value through June were the categories of Nonelectric rail locomotives, tenders; Chicken and other poultry; Parts for heavy machinery; Pumps for dispensing liquids; and Miscellaneous machines, parts, respectively. They accounted for 44.91 percent of total exports to Gabon.

The value of the top five categories of U.S. imports from Gabon –– Manganese ores and concentrates; Plywood, veneered and laminated wood; Veneer sheets not more than 6 mm thick; Returned exports, without change; and Rubber –– accounted for 95.92 percent of all inbound shipments.

Looking more closely at U.S. exports to Gabon:

  • Nonelectric rail locomotives, tenders rose 18.09 percent compared to last year to $9.51 million.
  • Chicken and other poultry fell 1.62 percent compared to last year to $5.26 million.
  • Parts for heavy machinery fell 38.38 percent compared to last year to $4.66 million.
  • Pumps for dispensing liquids rose 90.19 percent compared to last year to $3.64 million.
  • Miscellaneous machines, parts rose 61.19 percent compared to last year to $3.29 million.

Looking more closely at U.S. imports from Gabon:

  • Manganese ores and concentrates fell 42.79 percent compared to last year to $25.45 million.
  • Plywood, veneered and laminated wood rose 336.01 percent compared to last year to $1.9 million.
  • Veneer sheets not more than 6 mm thick rose 193.2 percent compared to last year to $1.76 million.
  • Returned exports, without change fell 44.93 percent compared to last year to $1.59 million.
  • Rubber fell 7.83 percent compared to last year to $1.04 million.

In the latest annual figures available, Gabon recorded $249.02 million in trade with the United States. Total U.S. exports to Gabon were $ 129.35 million and imports from Gabon were $119.67 million. The U.S. surplus with Gabon was $9.68 million.