The main export activities that play a major role in the economy of the Republic of Congo are as follows:
Oil
The oil sector greatly underpins Congo’s domestic economy, as petroleum accounts for 80 percent of government revenue and 90 percent of total exports, according to the U.S. Department of State and the World Bank.
DRC has proven oil reserves of 1.6 billion barrels, according to Oil & Gas Journal (OGJ), the fifth-largest proven reserves in Sub-Saharan Africa.
Agricultural products
Sugarcane, cocoa, and coffee, raised primarily on plantations, are important export crops, as are peanuts, palm products, and tobacco.
Forestry products
The country’s abundant rain forests are the source of timber. Forestry which led the country’s exports before the discovery of oil, continues to generate 10% of export earnings,
Lumber and plywood are also important exports, as are diamonds.
The main export partners of DRC are China, the United States, and France are the major trading partners followed by Austria, Netherlands, Spain and India.
Sources
- US Energy Information Administration
