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THE REPUBLIC OF THE GAMBIA 2008 ANNUAL TRADE STATISTICS REVIEW OF THE GAMBIA MINISTRY OF TRADE

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THE REPUBLIC OF THE GAMBIA

2008 ANNUAL TRADE STATISTICS REVIEWOF THE GAMBIA

MINISTRY OF TRADEINDUSTRY AND EMPLOYMENT

INDEPENDENCE DRIVEBANJUL

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TABLE OF CONTENT

1. EXECUTIVE SUMMARY_________________________________________________2

2. DIRECTION OF IMPORTS_______________________________________________32.1 The European Union_________________________________________________________4

2.1.1 Main imports from the EU________________________________________________________5

2.2 The Asian region____________________________________________________________52.2.1 Main imports from Asia__________________________________________________________6

2.3 The Americas_______________________________________________________________72.3.1 Main imports from the Americas__________________________________________________7

2.4 The ECOWAS region________________________________________________________82.4.1 Main imports from ECOWAS_____________________________________________________8

2.5 Main sources of Gambian imports_____________________________________________9

3. DIRECTION OF EXPORTS______________________________________________103.1 Exports to the EU__________________________________________________________11

3.1.1 Main exports to the EU__________________________________________________________12

3.2 Asia______________________________________________________________________123.2.1 Main exports to Asia____________________________________________________________12

3.3 ECOWAS_________________________________________________________________133.3.1 Main exports to ECOWAS Region________________________________________________14

3.4 The Americas______________________________________________________________143.4.1 Main exports to the Americas____________________________________________________14

3.5 Main markets for Gambia Exports in 2008_____________________________________15

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1. EXECUTIVE SUMMARY

The value of The Gambia’s total external trade is D7.4 billion in 2008 as against D8.2 billion in 2007, showing a decrease of 9.7%. The fall in total trade in 2008 is partly due to global price hikes of both food and petroleum products in 2008, which are major imports for The Gambia.

The total value of imports and exports dropped by 10.5% and 9.7% respectively. Imports dropped from D7.9 billion in 2007 to D7.1 billion in 2008 while exports from D332.8 million in 2007 to D300.6 million in 2008. The value of exports to the EU dropped substantially in 2008 from D200.2 million in 2007 to D118.2 million in 2008, down by 41%. The European Union, however, still remained as The Gambia’s main trading partner accounting 42% of total imports and 39% of total exports in 2008.

The main exports in 2008 consist of fish and fish preparations (23%), cashew nuts (16%) and groundnuts (10%). These three groups of products accounted for 48% of total exports in 2008.

Imports represented 95.9% of total external trade in 2008 compared to 96.8% in 2007

The main drop in imports in 2008 relative to the drop in exports lead to a slight improvement in the trade deficit, which stood at D6.8 billion in 2008 compared to D7.6 billion in 2007. A summary of the details is shown in table 1.1 below.

Table 1.1 Overview of The Gambia’s external trade in D’000 (2005 – 2008)Trade 2005 2006 2007 2008 % - ChangeTotal Trade 7,633,832, 7,599,034 8,207,241 7,412,160 - 9.7%Imports 7,422,502 7,277,284 7,945,367 7,111,604 -10.5%Domestic exports 201,039 288,198 312,167 277,282 - 11.2%Re-exports 10,291 33,552 20,603 23,274 13.0%Total exports 211,330 321,750 332,771 300,556 - 9.7%Trade Balance -7,211,172 -6,599,534 -7,612,596 -6,811,048 10.5%Trade Balance (US$’000*

-252,315 -244,427 -317,192 -309,593

Source: Gambia Bureau of Statistics (GBoS)

* Note: Nominal exchange rate for 1 US$: D24.58 for 2005, D27.00 for 2006, D24.00 for 2007, and D22.00 for 2008

Figure 1.1: Gambia’s imports and exports flows (2005 – 2008)

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01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,000

(D'000)

2005 2006 2007 2008

Years

Import and export tradeflows from 2005 - 2008

Imports

Exports

Source: GBoS

2. IMPORTS

Gambia’s total import value decreased by 10.5% in 2008 compared to the 2007 figures. The decrease in imports was mainly attributed to the global price hikes of both food commodities and petroleum products in 2008, which are the main imported products into The Gambia. The key imported goods in 2008 consisted of petroleum products (19.89%); vehicles and spare parts (12%); cereals (8.25%); edible oils (5.37%) and electrical machines and spare parts (4.47%). These five major group of imports accounted for (50%) of total imports and remain consistent with the 2007 ranking.

2.1 Source of imports

Among major source of Gambian imports, is The European Union which accounted for 42% of Gambia’s total imports in 2008. Other key trading partners are the Asian continent (21%), Americas (15%), and the ECOWAS region (14%).

The share of imports from the EU in 2008 dropped from 46% in 2007 to 42% in 2008 due to a dropped in imports from the EU and the increase of imports from other parts of the world including Africa and the Middle East. The share of imports from Asia has also decreased from 17% in 2007 to 15% in 2008. The table 2.1 and figure 2.1 below show the direction and share of The Gambia’s imports in 2008 relative to 2007 respectively.

Table 2.1: Direction of imports in 2007 and 2008 (in D’000)Regions 2007 2008 %-ChangeE.U 3,681,093 2,990,753 -18.8%Asia 1,655,604 1,510,131 -8.9%Americas 1,328,341 1,080,515 -18.7%ECOWAS 857,064 969,513 13.2%Others 423,265 560,692 32.4%%Total Imports 7,945,367 7,111,604 -10.5%

Source: GBoSFigure 2.1: Share of Gambia’s imports by region in 2007 and 2008

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Source: GBoS

2.1.1 The European Union

The value of imports from the EU decreased by 18.8% from D3.68 billion in 2007 to D2.99 billion in 2008, As a result of these drops of imports from the main EU markets, the regional share fell from 46% in 2007 to 42% in 2008. This is partly due to a drop in the imports of petroleum products and rice from the EU compared to the 2007 figures. The value of imports of petroleum products from Denmark dropped from D332 million in 2007 to D132 million in 2008 and while that of rice also dropped from D240 million in 2007 to D70 million in 2008. The reduction of the imports of petroleum products and rice is attributed to the global price hikes of these products in the first two quarters of 2008.

The main sources of imports from the EU in 2008 are Germany (26%), United Kingdom (19%), Denmark (18%), and The Netherlands (17%). The four countries accounted for 80% of the value of imports from the EU and 33% of total imports in 2008.The main imports from the EU include petroleum products, vehicles and their spare parts, rice and clothes. These products accounted for 34% of all imports from the EU and 15% of total imports in 2008. Tables 2.2 and 2.3 below show the direction of imports and the main imports from the EU in 2008 respectively.

Table 2.2: Direction of imports from the EU by countryCountry 2008

(D’000)As a % of imports from the EU

As a % of total imports

Germany 773,698 25.9% 10.9%United Kingdom 575,927 19.3% 8.0%Denmark 521,981 17.5% 7.3%Netherlands 500,763 16.7% 7.0%Belgium 216,375 7.2% 3.0%France 193,476 6.4% 2.7%Spain 81,814 2.7% 1.1%Others 126,725 4.1% 1.8%

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TOTAL E.U 2,990,753 100.0% 41.8% Source: GBoS

Table 2.3: Main imported products from the EU in 2008Products Value

(D’000)As % of

imports from the EU

As % of Total

ImportsPetroleum oils 403,753 13.5% 5.7%Vehicles (including used vehicles) 311,302 10.4% 4.4%Rice 191,866 6.4% 2.7%Clothes and clothing 115,630 3.9% 1.6%Medicaments 111,931 3.7% 1.6%Sugar 104,628 3.5% 1.5%Wheat or meslin flour 64,034 2.1% 0.9%

Source: GBoS

2.1.2 The Asian region

Imports from Asia amounted to D1.51 billion in 2008, showing a decrease of 9% compared to the 2007 figures. The decrease of import values from Asia is due to major reductions in imports from the four major sources namely; China (-9%), Hong Kong (-14%), Japan (-38%) and India (-23%). Imports from these four countries in 2008 accounted for 77% of the value of imports from Asia compared to 83% in 2007. China was the key source of Gambian imports in 2008 accounting for 51% for total imports from Asia. However, the share of imports from Asia remained at 21% in 2008 just like in 2007 due to the fall of imports from the EU and the Americas.

The main imports from Asia in 2008 are edible oil (14%), woven or cotton fabrics (13%), rice (12%) and vehicles and their spare parts (6%). These products account for 45% of the value of imports from Asia and 8% of total value of imports in 2008.

Tables 2.4 and 2.5 below show the direction of imports and the main imports from Asia in 2008 respectively.

Table 2.4: Direction of imports from AsiaCountry 2008

(D’000)As a % of imports to Asia

As a % of total imports

China 765,714 50.7% 10.8%Hong Kong 137,910 9.1% 1.9%Japan 135,336 9.0% 1.9%India 122,780 8.1% 1.7%Singapore 98,301 6.5% 1.4%Thailand 94,158 6.2% 1.3%Malaysia 86,431 5.7% 1.2%Pakistan 56,765 3.8% 0.8%Indonesia 8,536 0.6% 0.1%

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Korea Republic 2,890 0.2% -Taiwan 900 0.1% -Afghanistan 410 0.0% -TOTAL Asia 1,510,131 100.0% 21.2%

Source: GBoS

Table 2.5: Main imported products from Asia in 2008Products Value

(D’000)As % of imports to Asia

As % of Total Imports

Linseed oil (excl crude) and fractions 217,014 14.4% 3.1%Woven or cotton fabrics 190,018 12.6% 2.7%Rice (including husked or paddy) 173,904 11.5% 2.4%Vehicles (incl. used vehicles) 89,085 5.9% 1.3%Candles 50,559 3.3% 0.7%Tomatoes paste 50,031 3.3% 0.7%Green tea 43,907 2.9% 0.6%Batteries mercuric 35,653 2.4% 0.5%Footwear 29,967 2.0% 0.4%

Source: GBoS

2.1.3 The Americas

The value of imports from the Americas reached D1.35 billion in. Imports from the Americas were mainly from the United States (71%) and Brazil (28%) accounting for 99% of imports from the region and 15% of total imports in 2008.

Imports from the United States were mainly petroleum products (18%), vehicles (15%) rice (11%), linseed oil and fractions (7%), cement (4%) and sugar (4%). These products constituted at least 60% of the value of imports from the United States in 2008.

Imports from Brazil in 2008 were mainly sugar (38%), rice (38%), cement (9%) and crude soya-bean oil (8%). These four products constituted 93% of the value of imports from Brazil in 2008.

Tables 2.6 and 2.7 below show the direction of imports and the main imports from the Americas in 2008 respectively.

Table 2.6: Direction of imports from the Americas Country 2008

(D’000)As a % of

imports to AsiaAs a % of total

importsUnited States 768,992 71.2% 10.8%Brazil 299,095 27.7% 4.2%Argentina 7,834 0.7% 1.1%Canada 4,254 0.4% 0.1%Mexico 350 0.0% -TOTAL Americas 1,080,515 100.0% 15.2%

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Source: GBoS

Table 2.7: Main imported products from the Americas in 2008Products Value

(D’000)As % of imports from Americas

As % of Total Imports

Rice (including husked or paddy) 185,553 17.2% 2.6%Sugar 144,230 13.3% 2.0%Petroleum products 140,940 13.0% 2.0%Vehicles (incl used vehicles) 118,381 11.0% 1.7%Portland cement 57,950 5.4% 0.8%Linseed oil and fractions 51,966 4.8% 0.7%Woven or cotton fabrics 39,640 3.4% 0.6%Flour 27,408 2.5% 0.4%Cigarettes containing tobacco 27,128 2.5% 0.4%Milk and cream of milk 24,252 2.2% 0,3%Crude soya-bean oil 24,014 2.2% 0.3%Tomatoes paste 3,855 0.4% 0.1%

Source: GBoS

2.1.4 The African region

The value of Gambia’s total imports from the African region in 2008 was D1.05 billion constituting 14.75% of total imports in 2008. Imports from ECOWAS countries stood at D969.5 million representing 92.4% of total imports from Africa while the value of imports from the other African countries was D79.3 million.

Total imports from the ECOWAS region increased from D857.1 million in 2007 to D969.5 million in 2008, up by 13%. The rise in imports from ECOWAS region is due to an increase in value of imports from Nigeria (56%) and Côte-d’Ivoire (16%) compared to 2007. In the case of Nigeria, this rise was mainly due to an increase in imports of petroleum products, accounting 8% of the value of imports from Nigeria in 2008. The share of imports from ECOWAS therefore increased from 11% in 2007 to 14% in 2008. Cote d’Ivoire and Senegal remain the two main sources of imports from the ECOWAS region accounting for 66% and 22% respectively in 2008.

The main imports from Côte d’Ivoire were mainly petroleum products, which accounted for 72% of petroleum imports from ECOWAS, and plywood. The main imports from Senegal in 2008 included petroleum products and liquefied butane gas. Petroleum products accounted for 85% of total imports from ECOWAS and 12% of total imports to The Gambia.

Imports from other African countries were mainly from Morocco, South Africa, Egypt, and Mauritania. These four countries accounted for 96% of imports from African countries outside the ECOWAS region. The main imported products from these countries include flour and sardines from Morocco, electric meters and rodenticides from South Africa and medicaments from Egypt.

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Tables 2.8 and 2.9 below show the direction of imports and the main imports from the Africa in 2008 respectively.

Table 2.8: Direction of imports from ECOWAS and other Africa by country Country 2008

(D’000)As a % of

imports from Africa

As a % of total imports

Cote d’Ivoire 635,588 60.60% 8.9%Senegal 211,492 20.17% 3.0%Nigeria 104,890 10.0% 1.5%Ghana 8,555 0.82% 0.1%Guinea 4,100 0.39% -Togo 2,991 0.29% -Guinea Bissau 669 0.06% -Others in ECOWAS 1,228 0.12% -Total ECOWAS 969,513 92.44% 13.6%

Morocco 37,554 3.58% 0.5%South Africa 24,296 2.32% 0.3%Egypt 12,844 1.22% 0.2%Mauritania 1,873 0.18% -Kenya 996 0.09% -Other Africa 1,731 0.17% -

Total Africa 1,048,807 100% 14.7% Source: GBoS

Table 2.9: Main imported products from Africa in 2008Products Value

(D’000)As % of imports from ECOWAS

As % of Total Imports

Petroleum products 828,402 79.0% 11.6%Plywood 20,430 1.9% 0.3%Portland cement 19,812 1.9% 0.3%Flour (wheat and maize) 15,225 1.5% 0.2%Butanes liquefied 14,824 1.4% 0.2%Cigarettes containing tobacco 10,289 1.0% 0.1%Linseed oil and fractions 9,287 0.9% 0.1%Sardines 8,987 0.9% 0.1%Sacks and bags 7,128 0.8% 0.1%Decaffeinated coffee 7,103 0.7% 0.1%Electricity meters 6,867 0.7% 0.1%Tomatoes paste 5,378 0.5% -Medicaments 4,563 0.4% -

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Palm oil 1,347 0.1% -

2.1.5 Main sources of Gambia’s imports in 2008

The table below shows a summary of the main countries for Gambia’s import in 2008. These countries accounted for 86% of the value of total imports in 2008. The table also highlights the key imported products in each country.

Table 2.10: Main source of Gambia’s imports in 2008Country Value of

imports (D’000)

As % of Total Imports

Key products

United States 775,924 10.9% Vehicles Linseed oils and fractions Sugar Portland cement Cigarettes

Germany 773,698 10.9% Petroleum products Rice Vehicles Portland cements Linseed oils and fractions

China 765,714 10.8% Woven or cotton fabrics Linseed oils and fractions Candles Green tea Batteries mercuric oxide Tomatoes

Cote d‘Ivoire 635,832 8.9% Petroleum products Plywood

United kingdom 575,927 8.1% Medicament products Sugar Parts and accessories of vehicles Vehicles

Denmark 521,981 7.3% Petroleum products Rice Sugar Cigarettes

Netherlands 499,105 7.0% Tubes, pipes and hoses Flour Onions Potatoes

Brazil 304,714 4.3% Sugar Rice White Portland cement Crude soya-bean oil

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United Arab Emirates 258,025 3.6% Vehicles Belgium 216,375 3.0% Vehicles

Parts and accessories of vehicles Senegal 213,520 3.0% Petroleum products

Butanes liquefied France 193,476 2.7% Petroleum products

Radio/TV transmissions Vehicles Flour

Hong Kong 137,910 1.9% Linseed oil Radio/TV transmissions Tomatoes paste

Japan 135,336 1.9% Vehicles India 122,780 1.7% Rice

Medicament products Plain cotton weave

Source: GBoS

3. DIRECTION OF EXPORTS

The value of Gambia’s export in 2008 decreased from D332.8 million in 2007 to D300.6 million in 2008, down by 9.7%. The drop is partly due to a fall in the export of groundnuts and groundnut products as well as a fall in the exports of fruits and vegetables. The value of exports of groundnuts dropped from D107.3 million in 2007 to D25.5 million in 2008. Exports to the EU and ECOWAS, the two main markets for Gambian groundnuts, thus dropped substantially in 2008 compared to 2007 by 41% in the two regions.

Exports to Asian region and the Americas increased significantly in 2008 compared to 2007. The substantial increase in exports to the Asian region reflects the jump in the value of exports of cashew nuts mainly to India and scrap metals to Singapore and India in 2008.

Exports to United Arab Emirates and Mauritania also picked up in 2008 due increase exports of scrap metals (UAE), oil cake and other residues of groundnut products to Mauritania.

The table and figure below shows the direction and share for Gambian exports by region respectively.

Table 3.1: Direction of exports by region in D’00Regions 2007 2008 %-ChangeE.U 200,217 118,191 - 41.0%ECOWAS 87,778 54,875Asia 7,087 75,232 961.5%Americas 7,267 10,158 39.8%Others 30,422 42100Total Exports 332,771 300,556 - 9.7%

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Source: GBoS

Figure 3.1: Share of exports by region

3.1 Exports to the EU

The direction of exports in 2008 indicated that the European Union is still the main market for Gambia’s export. The value of total exports to the EU however dropped substantially in 2008 from D200.2 million in 2007 to D118.2 million in 2008, down by 41%. This drop is due partly to the significant decline in the export of groundnuts, fruits and vegetables to the EU in 2008. Exports of groundnuts and groundnut products fell from D48.3 million in 2007 to D10.6 million in 2008. The exports of fruits and vegetables from the Gambia also dropped from D36.7 million in 2007 to D20.2 million in 2008, down by 45%. The share of exports to the EU thus dropped from 61% in 2008 to 39% in 2008.

Netherlands, UK, Spain and Germany were the main destinations of exports from the Gambia to the EU. The four countries account for 91% of the value of Gambia’s export to the EU and 36% of the total value of exports in 2008.

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The main exported products from the Gambia to the EU in 2008 were fish and fishery products (41%), followed by groundnuts and groundnut products (8.9%). Tables 3.2 and 3.3 below show the direction of domestic exports and share of exports to the EU respectively.

Table 3.2: Direction of domestic exports to the EU by country Country 2008

FOB (D’000)

Share of Dom Exportsto EU

Share of Total Exports

Netherlands 34,626 29.3% 11.5%United Kingdom 29,087 24.6% 9.7%Spain 26,263 22.2% 8.7%Germany 18,120 15.3% 6.0%Denmark 6,216 5.3% 2.1%France 2,799 2.4% 0.9%Belgium 371 0.3% -Portugal 293 0.2% -Others 416 0.4% -TOTAL EU 118,191 100.0% 39.3%

Source: Gambia Bureau of Statistics

Table 3.3: Main exported products to the EU in 2008Main exports to the EU 2008

FOB (D’000)

As % of exports to EU

As a % of total exports

Fish and fishery products 53,789 41.8% 17.8%Groundnuts 10,574 8.9% 3.5%Fruits and vegetables 9,281 7.9% 3.1%Cashew nuts 8,018 6.8% 2.7%

Source: GBoS

3.2 Exports to Asia

In 2008, Asia was the second largest market for Gambia’s exports. The value of exports substantially increased from D7.1 million in 2007 to D75.2 million in 2008. This was mainly due to the increase in exports of cashew nuts and scrap metals to Asia largely to the Indian market. Exports to India increased from D2.5 million in 2007 to D52.4 million in 2008, constituting 69.7% of the value of exports to Asia. The share of export to Asia thus increased from 2% in 2007 to 25% in 2008.

Cashew nuts and scrap metals were the two main products exported to Asia, accounting for 74.6% of the value of exports to Asia. Exports of cashew nuts to India amounted D36.0 million representing 99.7% of exports of cashew nuts to Asia and 76.5% to total value of exports of cashew nuts in 2008.

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Tables 3.4 and 3.5 below show the direction of domestic exports and share of exports to Asia respectively.

Table 3.4: Direction of domestic exports to Asia by country Country 2008

FOB (D’000)

A % of Dom Exports

to the EU

As % of Total Exports

India 52,434 69.7% 17.4%Singapore 14,337 19.0% 4.8%China 6,362 8.4% 2.1%Hong Kong 1,016 1.4% 0.3%Japan 962 1.3% 0.3%South Korea 121 0.2% -TOTAL 75,232 100% 25.0%

Source: GBoS

Table 3.5: Main exported products to Asia in 2008Main domestic exports to the Asia

2008FOB

(D’000)

As % of exports to

Asia

As % of Total

ExportsCashew nuts 36,078 48.0% 12.0%Waste and scrap of metals 20,036 26.6% 6.7%Groundnuts 3,461 4.6% 1.1%Woven or cotton fabrics 3,342 4.5% 1.1%Fish and fishery products 2,956 3.9% 1.0%Others 9359 12.4% 3.1%Total Exports 75,232 100% 25.0%

Source: GBoS

3.3 Exports to Africa mainly ECOWAS region

The value of Gambia’s total exports to the African region in 2008 amounted D70.3 million constituting 23.4% of total exports in 2008. Exports to ECOWAS countries amounted D52.2 million representing 74.3% of total exports to Africa.

The value of exports to ECOWAS region however, dropped from D87.8 million in 2007 to D75.2 million in 2008. The fall reflects a drop in exports of groundnuts to the sub-region mainly to Senegal. Exports of groundnuts to the ECOWAS region (mainly the Senegal market) dropped significantly in 2008. From D59.0 million in 2007, the exports of groundnuts reached D7.0 million in 2008. Exports to Senegal thus dropped from D85.6 million in 2007 to D52.2 million in 2008, down by 39%. Senegal was remained the main market for Gambia’s export to the sub-region accounting for 88% of the value of exports to ECOWAS in 2008.

Fish and fishery products, scrap metals, groundnuts and woven or cotton fabrics were the main products exported to the ECOWAS sub-region in 2008.

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Export to other African countries amounted D11.2 million in 2008 and is mainly to Mauritania (D8.6 million) and South Africa (D1.9 million). The main exports to Mauritania in 2008 were oil cake and residues of ground nut products, cotton woven fabrics. Fishery products were the main exported products to South Africa in 2008.

Tables 3.6 and 3.7 below also show the direction of domestic exports to Africa and share of exports to ECOWAS countries respectively.

Table 3.6: Direction of domestic exports to ECOWAS by country Country Dom.

Exports (D’000)

As % of Dom. Exports to ECOWAS

As % of Total Exports

Senegal 50,339 91.7% 16.7%Mali 2,661 4.9% 0.9%Liberia 424 0.8% 0.1%Guinea 402 0.7% 0.1%Sierra Leone 354 0.6% -Ghana 299 0.5% -Nigeria 210 0.4% -Others 186 0.3% -TOTAL ECOWAS 54,875 100.0% 18.3%Mauritania 8,641South Africa 1,788Other African countries 584Total Africa 65,887

Source: GBoS

Table 3.7: Main exported products to ECOWAS Main exports to ECOWAS 2008

FOB (D’000)

As % of exports to ECOWAS

As % of Total Exports

Fish and fishery products 9,663 16.3% 3.2%Scrap metals 8,169 13.8% 2.7%Groundnuts 7,171 12.1% 2.4%Woven or cotton fabrics 6,748 11.4% 2.2%Articles of iron or steel 3,076 5.2% 1.0%Cashew nuts 2,625 4.4% 0.9%Cigarettes containing tobacco 2,330 3.9% 0.8%Soap and related organic products 2,278 3.9% 0.8%Petroleum oils and related products 1,087 1.9% 0.4%Others 16,053 27.1% 5.3%Total Exports 59,200 100% 19.7%

Source: GBoS

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3.4 The Americas

The value of Gambia’s export to the Americas is still negligible at D9.7 million accounting for 3.2% of the value of total exports in 2008. The United States was the main market for exports to the Americas, constituting 98% of the value of exports to the Americas. Exports to the United States increased from D7.0 million in 2007 to D9.5 million in 2008. This slightly improved the share of exports to the Americas from 2% in 2007 to 3% in 2008.

Table 3.8: Direction of domestic exports to the Americas by country (D’000)Country Domestic

exports to Americas (D’000)

As % of Dom exports to Americas

As a % of Total Exports

United States 9,467 97.7% 3.1%Brazil 124 1.3% -Canada 98 1.0% -TOTAL AMERICAS 9,689 100.0% 3.2%%

Source: GBoS

3.4.1 Main exports to the Americas

Table 3.9: Main exported products to the Americas in 2008Main exports to the Americas 2008

FOB (D’000)

As % of exports to Americas

As % of Total Exports

Fish and fishery products 2,352 23.1% 0.8%%Woven or cotton fabrics 1,593 15.7% 0.5%Waste and scrap of metals 1,480 14.5% 0.5%Soap and related organic products 954 9.4% 0.3%Articles of iron or steel 942 9.3% 0.3%Vehicles 300 3.0% -Cashew nuts 264 2.6% -Petroleum oils and related products 160 1.6% -Others 2,113 20.8% 0.7%Total Exports 10,158 100% 3.4%

3.5 Main markets for Gambia Exports in 2008

Table 3.10: Main markets for Gambia’s exports in 2008Country Value of

exports(D’000)

As % of Total Exports

Key products

India 52,434 17.4% Cashew nuts Waste and scrap metals Ground nuts

Page 17: €¦  · Web viewThe value of imports from the EU decreased by 18.8% from D3.68 billion in 2007 to D2.99 billion in 2008, As a result of these drops of imports from the main EU

Fishery products Senegal 50,339 16.7% Ground nuts

Waste and scrap metals Fishery products Cashew nuts Worn clothing Sesame seeds Soaps

Netherlands 34,626 11.5% Fishery products United Kingdom 29,087 9.7% Ground nuts

Fruits and vegetables Spain 26,265 8.7% Fishery products Germany 18,120 6.0% Cashew nuts Singapore 14,337 4.8% Waste and scrap metals

Fishery products United States 9,467 3.1% Fishery products

Waste and scrap metals China 6,362 2.1% Woven cotton fabrics Denmark 6,216 2.1% Copra

Cashew nuts Source: GBoS