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Pricing

2022
Flag → Flag
Exports $9.42MRnk 153 / 215
2022
Flag → Flag
Top Product $1.55MInterchangeable Tool Parts
2022
Flag → Flag
Exports $22.5MRnk 19 / 86
2022
Flag → Flag
Top Product $22.5MRubber
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Canada-Liberia Trade: In 2022, Canada exported $9.42M to Liberia. The main products that Canada exported to Liberia were Interchangeable Tool Parts ($1.55M), Other Steel Bars ($1.46M), and Excavation Machinery ($1.37M). Over the past 5 years the exports of Canada to Liberia have increased at an annualized rate of 25.6%, from $3.02M in 2017 to $9.42M in 2022.

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

Liberia-Canada Trade: In 2022, Liberia exported $22.5M to Canada. The main products that Liberia exported to Canada were Rubber ($22.5M), Palm Oil ($20.1k), and Sawn Wood ($11.3k). Over the past 5 years the exports of Liberia to Canada have decreased at an annualized rate of 3%,  from $26.3M in 2017 to $22.5M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$813k and imported C$932k from Liberia, resulting in a negative trade balance of C$119k. Between August 2023 and August 2024 the exports of Canada have decreased by C$-1.77M (-68.5%) from C$2.58M to C$813k, while imports decreased by C$-2.88M (-75.6%) from C$3.81M to C$932k.

Trade In August 2024, the top exports of Canada to Liberia were Stone Processing Machines (C$73.1k), Poultry Meat (C$40.2k), Other Footwear (C$40.1k), Used Clothing (C$20.6k), and Cutlery Sets (C$6.08k). In August 2024 the top imports of Canada from Liberia were Rubber (C$1.58M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$635k), British Columbia (C$72k), Quebec (C$53.8k), and New Brunswick (C$52.4k), while imports destinations were mainly Quebec (C$559k), Nova Scotia (C$219k), Ontario (C$151k), and Alberta (C$2.34k).

Growth In August 2024, the decrease in Canada's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Poultry Meat (C$-105k or -72.3%) and Commodities not elsewhere specified (C$-5.71k or -65.6%). In August 2024, the decrease in Canada's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in Rubber (C$-705k or -30.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-1.77M(-68.5%)
IMPORT GROWTH (August 2023 - August 2024)C$-2.88M(-75.6%)
MAIN EXPORTER (August 2024)OntarioC$635k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Liberia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $9.42M to Liberia. The main products exported from Canada to Liberia were Interchangeable Tool Parts ($1.55M), Other Steel Bars ($1.46M), and Excavation Machinery ($1.37M). During the last 5 years the exports of Canada to Liberia have increased at an annualized rate of 25.6%, from $3.02M in 2017 to $9.42M in 2022.

In 2017, Liberia exported $22.5M to Canada. The main products exported from Liberia to Canada were Rubber ($22.5M), Palm Oil ($20.1k), and Sawn Wood ($11.3k). During the last 5 years the exports of Liberia to Canada have decreased at an annualized rate of 3%, from $26.3M in 2022 to $22.5M in 2017.

Exports from Canada (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Canada than Liberia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Liberia than Canada included Cyprus ($53.7M) and Rwanda ($18.2M).

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

Comparative Advantage Canada - Liberia

Flow
Scale

This chart compares trade between Canada and Liberia by product, considering products traded by both, Canada and Liberia.

During 2022, Canada had a large net trade with Liberia in the exports of Machines ($3.52M), Metals ($3.38M), and Animal Products ($783k).

During 2017, Liberia had a large net trade with Canada in the exports of Plastics and Rubbers ($22.5M), Animal and Vegetable Bi-Products ($20.1k), and Wood Products ($11.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Liberia+$1.01MCars
Top Product Potential Liberia Canada+$149kPalm Oil

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 Canada and Liberia. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Liberia (Flag) (2022)

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