According to resources, the total export to Gabon from India reached an estimated revenue of more than $55 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
Value in $Million & $Billion | 2020-2021 | 2021-2022(Apr-Dec) |
India Export to Gabon | 58 | 44 |
India Import from Gabon | 405 | 996 |
Total Trade | 463M | 1.4B |
Pharmaceuticals, Nuclear Reactors and Plastic are the major exported products from India to Gabon at the present moment.
The E-commerce market in Gabon reached more than $200 Million by 2022 and expected to cross $330 Million by the year 2025 with 17% growth rate.
The main reason behind this development is the Internet penetration rate in Gabon which has reached more than 62% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Gabon market whether through offline channels or online selling platforms & marketplaces in Gabon.