At a glance: EBA beneficiaries' preferential imports to the EU
group
99,01 M
Population
account_balance
Semi-Presidential Republic
Government
trending_up
8.90%
GDP Growth
equalizer
10.60%
Inflation
Resource Wealth
The Democratic Republic of Congo is considered the world’s richest country in terms of wealth in natural resources. Most of the raw mineral deposits remain untapped and are worth an estimated $24 trillion. These deposits include the world’s largest coltan reserves and considerable amounts of cobalt.
Export Products
Congo's most important export products are refined and unrefined copper, cobalt mattes and ores, gold, and petroleum oils. The most important agricultural export product are cocoa beans.
Trade Partners
Congo's most important trading partners are China, South Africa, and Singapore. China, Singapore and South Africa are the most important export markets for Congolese products and absorb about 73% of overall exports.
Economic Structure
The economy is mainly driven by mineral extraction including copper, cobalt, zinc, manganese, diamonds, and others. The manufacturing sector only contributes a small share to Congo's GDP and centres around consumption industries (processed food and beverages, cigarettes, cloth, leather,..) and supply industries (including spinning and weaving, chemicals, and machinery)
Usage of EBA Preferences
Currently less than 1% of total EU imports from the Democratic Republic of Congo are imported using EBA preferences. The preference utilisation rate, which represents the ratio of preferential imports to GSP eligible imports, currently stands at 12.4%.
Trade with the EU
Total trade with the EU amounted to € 4,530 million in 2022. With a share of 1 %, the EU only plays a minor role in Congo's total trade and as an export market. Imports from the EU, however, are of higher importance and amounted to € 1,559 million in 2023, making it the third most important import market.
Imports from the Democratic Republic of Congo by product section
Imports from the Democratic Republic of Congo over time (in € m)
Economic Impact
0%
Less than 1% of the Democratic Republic of Congo's exports to the EU market are eligible for EBA preferences.
12.40%
The Democratic Republic of Congo currently has a very low preference utilisation rate of 12.4%.
Preference utilisation and export diversification
The Democratic Republic of Congo's imports to the EU
Preference Utilisation vs. total eligible imports
Despite a constantly improving preference utilisation rate throughout the years and a record increase in eligible products in 2018, only a fraction of total imports from the Democratic Republic of Congo is imported using EBA preferences. The increase in eligible imports can be attributed to increased export volumes of cobalt oxides, which are almost entirely exported under the EBA. Copper and diamonds account for the majority of exports but already benefit from zero most favoured nation duties. In 2020, only fruits and vegetables and prepared foodstuffs were imported using EBA preferences, though the utilisation rate was at 1.3%. In 2022 the rate improved by 10%.
The largest product sections under EBA
Exports under the EBA remain highly concentrated on few products. The Democratic Republic of Congo traditionally exports mainly processed foods and beverages, mineral and agricultural products using EBA preferences.
The Democratic Republic of Congo, as a beneficiary of the EBA scheme, is not obligated to ratify any conventions to be able to benefit from preferential access to the European market. Nonetheless, Congo has ratified all 15 core international conventions on human and labour rights. This includes 7 UN human rights conventions and 8 ILO conventions on labour standards. Additionally, Congo has ratified 8 conventions on environmental protection and 4 conventions on good governance aspects.
Core international conventions on human rights and labour standards
Ratified
- Convention on the Prevention and Punishment of the Crime of Genocide (1948)
- International Convention on the Elimination of All Forms of Racial Discrimination (1969)
- International Covenant on Civil and Political Rights (1976)
- International Covenant on Economic Social and Cultural Rights (1976)
- Convention on the Elimination of All Forms of Discrimination Against Women (1981)
- Convention Against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment (1987)
- Convention on the Rights of the Child (1990)
- Convention concerning Forced or Compulsory Labour, No 29 (1930)
- Convention concerning Freedom of Association and Protection of the Right to Organise, No 87 (1948)
- Convention concerning the Application of the Principles of the Right to Organise and to Bargain Collectively, No 98 (1949)
- Convention concerning Equal Remuneration of Men and Women Workers for Work of Equal Value, No 100 (1951)
- Convention concerning the Abolition of Forced Labour, No 105 (1957)
- Convention concerning Discrimination in Respect of Employment and Occupation, No 111 (1958)
- Convention concerning Minimum Age for Admission to Employment, No 138 (1973)
- Convention concerning the Prohibition and Immediate Action for the Elimination of the Worst Forms of Child Labour, No 182 (1999)
Additional Conventions
- Convention on International Trade in Endangered Species of Wild Fauna and Flora (1973)
- Montreal Protocol on Substances that Deplete the Ozone Layer (1987)
- Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal (1989)
- Convention on Biological Diversity (1992)
- The United Nations Framework Convention on Climate Change (1992)
- Cartagena Protocol on Biosafety (2000)
- Stockholm Convention on persistent Organic Pollutants (2001)
- Kyoto Protocol to the United Nations Framework Convention on Climate Change (1998)
- United Nations Single Convention on Narcotic Drugs (1961)
- United Nations Convention on Psychotropic Substances (1971)
- United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (1988)
- United Nations Convention against Corruption (2004)
DG INTPA
Access all info about EU-Democratic Republic of Congo relations on the International Partnerships website: https://international-partnerships.ec.europa.eu/countries/democratic-republic-congo_en
- Large natural resources including copper, cobalt, gold and coltan
- Further potential to develop and expand capacities for the generation of hydropower
- Growing population and increasing domestic demand
