Flag China / Liberia Flag

Exports FlagFlag  (2018): $1.21B, Rnk 111 / 206

Top Product FlagFlag (2018): $657M, Refined Petroleum

Exports FlagFlag (2018): $81.9M, Rnk 5 / 73

Top Product FlagFlag (2018): $46.9M, Rough Wood

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -1.04, Rnk 114 / 137

China-Liberia: In 2018, China exported $1.21B to Liberia. The main products exported from China to Liberia were Refined Petroleum ($657M), Iron Structures ($82.2M), and Boat Propellers ($65M). During the last 23 years the exports of China to Liberia have increased at an annualized rate of 16.6%, from $35.5M in 1995 to $1.21B in 2018.

Liberia-China: In 2018, Liberia exported $81.9M to China. The main products exported from Liberia to China were Rough Wood ($46.9M), Iron Ore ($32.9M), and Rubber ($517k). During the last 23 years the exports of Liberia to China have increased at an annualized rate of 34.2%, from $94.7k in 1995 to $81.9M in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Liberia ranked 114 in the Economic Complexity Index (ECI -1.04), and 140 in total exports ($1.3B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, China exported $1.21B to Liberia. The main products exported from China to Liberia were Refined Petroleum ($657M), Iron Structures ($82.2M), and Boat Propellers ($65M). During the last 23 years the exports of China to Liberia have increased at an annualized rate of 16.6%, from $35.5M in 1995 to $1.21B in 2018.

In 2018, Liberia exported $81.9M to China. The main products exported from Liberia to China were Rough Wood ($46.9M), Iron Ore ($32.9M), and Rubber ($517k). During the last 23 years the exports of Liberia to China have increased at an annualized rate of 34.2%, from $94.7k in 1995 to $81.9M in 2018.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $499B

Liberia
Top Destination
: Switzerland, $246M

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

In 2018, countries that imported more from China than Liberia were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Liberia than from China.

Comparative Advantage China - Liberia

#permalink to section
Depth

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

During 2018, China had a large net trade with Liberia in the exports of Mineral Products ($657M), Machines ($234M), and Metals ($133M).

During 2018, Liberia had a large net trade with China in the exports of Wood Products ($47.4M), Mineral Products ($33.3M), and Plastics and Rubbers ($522k).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between China and Liberia (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Liberia were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Liberia that paid the highest import tariffs to enter China were Parts and accessories of revolvers or pistols (50%) and Firearms: parts and accessories, of shotguns or rifles of heading 9303 (50%).

Explore Tariff Data

*The tariffs present between China and Liberia are:
112: China Preferential tariff for Least Developed Countries
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between China and Liberia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Liberia. Similarly, the more red a dot/product is, the more Liberia has comparative advantage over China.