2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Australia-Liberia Trade: In 2022, Australia exported $2.53M to Liberia. The main products that Australia exported to Liberia were Stone Processing Machines ($1.42M), Surveying Equipment ($381k), and Electrical Resistors ($276k). Over the past 5 years the exports of Australia to Liberia have increased at an annualized rate of 24.5%, from $845k in 2017 to $2.53M in 2022.

In 2022, Australia did not export any services to Liberia.

Liberia-Australia In N/A, Liberia did not export any products to Australia.

In 2022, Liberia did not export any services to Australia.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Market Competitiveness

Color
Australia
Top Destination
China$123B
Liberia
Top Destination
Switzerland$544M

This map shows whether countries import more from Australia or Liberia. Each country is colored based on the difference in imports they receive from Australia and Liberia or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Liberia included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Liberia than Australia included Lebanon ($106M) and Cyprus ($53.7M).

Difference in imports from Liberia (Flag) and Australia (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Liberia+$64.3kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Liberia Australia+N/AN/A

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Liberia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Liberia (Flag) (NaN)

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