Gambia recorded a trade deficit of 2425623 GMD Thousands in November of 2019. Balance of Trade in Gambia averaged -757817.87 GMD Thousands from 1994 until 2019, reaching an all time high of -18264 GMD Thousands in March of 1996 and a record low of -6674476 GMD Thousands in September of 2018.

Balance of Trade in Gambia is expected to be -69.43 GMD Thousands by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Gambia to stand at -63.46 in 12 months time. In the long-term, the Gambia Balance of Trade is projected to trend around -29.20 GMD Thousands in 2020, according to our econometric models.

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Gambia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2425623.00 -2486527.00 -18264.00 -6674476.00 1994 - 2019 GMD Thousands Monthly

Gambia Balance of Trade
Gambia’s systemic trade deficit is the result of the country’s weak export stance. Re-exports represent over 80 percent of total exports. Gambia is a net importer of fuel and foodstuffs. Gambia exports are: peanuts, fish and cotton. Gambia’s main trading partners are: China (15 percent of exports and 10 percent of exports), United Kingdom and India. Since 2009, Gambia foreign trade records are adjusted for coverage.

Gambia Trade Last Previous Highest Lowest Unit
Balance of Trade -2425623.00 -2486527.00 -18264.00 -6674476.00 GMD Thousands [+]
Current Account 4.05 -29.41 43.00 -89.11 USD Million [+]
Current Account to GDP -19.00 -19.30 12.10 -37.57 percent [+]
Exports 10773.00 21253.00 362879.00 0.00 GMD Thousands [+]
Imports 2436396.00 2507781.00 6688215.00 18264.00 GMD Thousands [+]
Terrorism Index 0.00 0.00 0.38 0.00 [+]
Tourist Arrivals 11439.00 13274.00 34596.00 1612.00 Persons [+]
Capital Flows 2.58 13.16 63.30 -103.94 USD Million [+]