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
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6% in Q3; inflation falls to -1.3% Central bank...
Vodacom agreed to acquire 15% from the Kenyan Government and 5% from Vodafone, increasing its stake from 35% to 55% at KES34 per...
Third project phase to install solar systems in 51 additional villages Only 20% of rural areas electrified; full coverage needs 874 billion CFA...
I&P closes €41m for IPAE 3, targeting €70m by 2026 Fund will invest €1-5m in 15-20 SMEs across West Africa and Madagascar IPAE...
Most Read
01

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
04

JA Africa launches $1.5M digital safety program in four African countries Initiative to ...

Google.org, JA Africa to Train Children, Teachers and Caregivers in Digital Safety
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
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.