Gambia recorded a trade deficit of 2574149 GMD Thousands in August of 2020.

Balance of Trade in Gambia averaged -824758.22 GMD Thousands from 1994 until 2020, 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. This page provides - Gambia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Gambia Balance of Trade - values, historical data and charts - was last updated on September of 2020.

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 -57.48 in 12 months time. In the long-term, the Gambia Balance of Trade is projected to trend around -80.89 GMD Thousands in 2021 and -29.20 GMD Thousands in 2022, according to our econometric models.

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Gambia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2574149.00 -3199135.00 -18264.00 -6674476.00 1994 - 2020 GMD Thousands Monthly

Gambia Trade Last Previous Highest Lowest Unit
Balance of Trade -2574149.00 -3199135.00 -18264.00 -6674476.00 GMD Thousands [+]
Current Account 0.79 -12.36 43.00 -89.11 USD Million [+]
Current Account to GDP -5.40 -12.20 12.10 -37.57 percent [+]
Imports 2588114.00 3230939.00 6688215.00 18264.00 GMD Thousands [+]
Exports 13964.00 31805.00 362879.00 0.00 GMD Thousands [+]
Terrorism Index 0.00 0.00 0.38 0.00 [+]
Tourist Arrivals 0.00 0.00 34596.00 0.00 Persons [+]
Capital Flows 22.32 22.32 77.73 -53.96 USD Million [+]


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.