Public Management

Gabon imported €459 mln products from France, thus becoming its second Central African market in 2018

Gabon imported €459 mln products from France, thus becoming its second Central African market in 2018
Thursday, 07 March 2019 16:57

In 2018, French exports to Gabon rose to 6.25% for the first time since 2011, according to French customs authority. This data demonstrates a revival of activities after years of poor demands, from 2015 notably.

In this country of fewer than 2 million residents, French products hold a prominent place in every sector.  

During the period under review, French exports reached €459 million for the first time since 2015 when the steep decline in oil prices unbalanced Gabon’s economy.

Due to that, the local demand for French products that represent about 30% of Gabon’s imports sharply decreased (20% in 2015 and 13% in 2016).

The rise in 2018 thus translates a revival of the local demand for French products while economic activities are still weak in Gabon (1.2% growth in 2018) even compared with the average within the CEMAC zone (2% growth in 2018).

That year, Gabon became France’s second market in the sub-region, behind Cameroon whose imports from France are valued at €505 million during the period under review.

The main products that year were electrical appliances (24.5%), agribusiness products (21%) and pharmaceuticals (11%).

Stéphane Billé

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
IMF approves reviews, unlocking about $91 million for Niger Funds support macroeconomic stability, private-sector growth and climate...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA training and partnerships aim to boost regional business...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Burkina Faso has created Yennenga Holding to centralize state stakes in banks and a reinsurer. The new entity will manage holdings in BCB, BADF,...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
02

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
05

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.