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2022
Flag → Flag
Exports $842MRnk 75 / 223
2022
Flag → Flag
Top Product $808MPassenger and Cargo Ships
2022
Flag → Flag
Exports $156MRnk 3 / 86
2022
Flag → Flag
Top Product $70.4MIron Ore
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
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GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
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GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Germany-Liberia Trade: In 2022, Germany exported $842M to Liberia. The main products that Germany exported to Liberia were Passenger and Cargo Ships ($808M), Documents of title (bonds etc) and unused stamps ($6.13M), and Washing and Bottling Machines ($4M). Over the past 5 years the exports of Germany to Liberia have increased at an annualized rate of 38.1%, from $168M in 2017 to $842M in 2022.

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

Liberia-Germany Trade: In 2022, Liberia exported $156M to Germany. The main products that Liberia exported to Germany were Iron Ore ($70.4M), Passenger and Cargo Ships ($70.2M), and Rubber ($11.5M). Over the past 5 years the exports of Liberia to Germany have decreased at an annualized rate of 18.8%,  from $440M in 2017 to $156M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported €1.61M and imported €7.61M from Liberia, resulting in a negative trade balance of €6M. Between August 2023 and August 2024 the exports of Germany have decreased by €-24.4M (-93.8%) from €26M to €1.61M, while imports increased by €147k (1.97%) from €7.46M to €7.61M.

Trade In August 2024, the top exports of Germany to Liberia were Ships and boats (€19.1M), Machinery for mining, quarrying and construction (€378k), Other machinery (€249k), Meat and meat products (€207k), and Cereal products, excl. rice products (€89k). In August 2024 the top imports of Germany from Liberia were Iron ores (€10.8M), Crude rubber (€1M), Jewellery, goldsmith's or silversmith's wares (€740k), Round wood (€23k), and Other raw materials inclusive waste (€12k).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€478k), Lower Saxony (€408k), Baden-Württemberg (€191k), Bavaria (€118k), and Schleswig-Holstein (€108k), while imports destinations were mainly Bremen (€5.9M), Lower Saxony (€1.05M), Hamburg (€335k), Saarland (€124k), and Thuringia (€106k).

Growth In August 2024, the decrease in Germany's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Ships and boats (€-62.5M or -76.6%), Other articles of iron, iron sheet,... (€-1.68M or -100%), and Meat and meat products (€-229k or -52.5%). In August 2024, the increase in Germany's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Iron ores (€3.13M or 41%), Crude rubber (€697k or 230%), and Other raw materials inclusive waste (€5k or 71.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-24.4M(-93.8%)
IMPORT GROWTH (August 2023 - August 2024)€147k(1.97%)
MAIN EXPORTER (August 2024)North Rhine-Westphalia€478k

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $842M to Liberia. The main products exported from Germany to Liberia were Passenger and Cargo Ships ($808M), Documents of title (bonds etc) and unused stamps ($6.13M), and Washing and Bottling Machines ($4M). During the last 5 years the exports of Germany to Liberia have increased at an annualized rate of 38.1%, from $168M in 2017 to $842M in 2022.

In 2017, Liberia exported $156M to Germany. The main products exported from Liberia to Germany were Iron Ore ($70.4M), Passenger and Cargo Ships ($70.2M), and Rubber ($11.5M). During the last 5 years the exports of Liberia to Germany have decreased at an annualized rate of 18.8%, from $440M in 2022 to $156M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Germany than Liberia included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Liberia than from Germany.

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

Comparative Advantage Germany - Liberia

Flow
Scale

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

During 2022, Germany had a large net trade with Liberia in the exports of Transportation ($809M), Machines ($11.5M), and Paper Goods ($6.56M).

During 2017, Liberia had a large net trade with Germany in the exports of Mineral Products ($70.5M), Transportation ($70.2M), and Plastics and Rubbers ($11.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Liberia+$1.77MVaccines, blood, antisera, toxins and cultures
Top Product Potential Liberia Germany+$6.63MIron Ore

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

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

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