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2022
Flag → Flag
Exports $27.4MRnk 151 / 224
2022
Flag → Flag
Top Product $12.3MIron Railway Products
2022
Flag → Flag
Exports $511MRnk 4 / 86
2022
Flag → Flag
Top Product $109MSpecial Purpose Ships
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

United Kingdom-Liberia Trade: In 2022, United Kingdom exported $27.4M to Liberia. The main products that United Kingdom exported to Liberia were Iron Railway Products ($12.3M), Poultry Meat ($2.65M), and Raw Lead ($1.58M). Over the past 5 years the exports of United Kingdom to Liberia have increased at an annualized rate of 7.86%, from $18.8M in 2017 to $27.4M in 2022.

In 2022, United Kingdom did not export any services to Liberia.

Liberia-United Kingdom Trade: In 2022, Liberia exported $148M to United Kingdom. The main products that Liberia exported to United Kingdom were Special Purpose Ships ($109M), Iron Ore ($38.6M), and Electric Batteries ($71.8k). Over the past 5 years the exports of Liberia to United Kingdom have increased at an annualized rate of 169%,  from $1.06M in 2017 to $148M in 2022.

In 2022, Liberia did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

July, 2024

About

Overview In July 2024, United Kingdom exported £551k and imported £3.95M from Liberia, resulting in a negative trade balance of £3.4M. Between July 2023 and July 2024 the exports of United Kingdom have increased by £72.3k (15.1%) from £479k to £551k, while imports increased by £273k (7.43%) from £3.68M to £3.95M.

Trade In July 2024, the top exports of United Kingdom to Liberia were Refined Petroleum (£16.2M), Iron Railway Products (£1.44M), Poultry Meat (£183k), Excavation Machinery (£155k), and Edible Offal (£41.5k). In July 2024 the top imports of United Kingdom from Liberia were Iron Ore (£3M), Cheese (£158k), Plastic Lids (£153k), Aluminium Structures (£136k), and Tropical Fruits (£95k).

Origins In July 2024 the exports of United Kingdom were mainly from London Gateway (£188k), London (£185k), Tyne (£116k), London Heathrow Airport (£28.8k), and East Midlands Airport (£16.7k), while imports destinations were mainly Port Talbot (£3.05M), Belfast (£766k), London Gateway (£113k), Southampton (£10.7k), and London Heathrow Airport (£9.42k).

Growth In July 2024, the increase in United Kingdom's year-by-year exports to Liberia was explained primarily by an increase in product exports in Excavation Machinery (£124k or 394%) and Poultry Meat (£18k or 10.9%). In July 2024, the increase in United Kingdom's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)£72.3k(15.1%)
IMPORT GROWTH (July 2023 - July 2024)£273k(7.43%)
MAIN EXPORTER (July 2024)London Gateway£188k

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

To check Liberia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $27.4M to Liberia. The main products exported from United Kingdom to Liberia were Iron Railway Products ($12.3M), Poultry Meat ($2.65M), and Raw Lead ($1.58M). During the last 5 years the exports of United Kingdom to Liberia have increased at an annualized rate of 5,07%, from $662M in 2017 to $27.4M in 2022.

In 2017, Liberia exported $148M to United Kingdom. The main products exported from Liberia to United Kingdom were Special Purpose Ships ($109M), Iron Ore ($38.6M), and Electric Batteries ($71.8k). During the last 5 years the exports of Liberia to United Kingdom have increased at an annualized rate of 5,07%, from $662M in 2022 to $148M in 2017.

Exports from United Kingdom (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationN/AN/A
Liberia
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Liberia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Liberia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Liberia in the exports of Metals ($14.3M), Machines ($3.94M), and Animal Products ($3.27M).

During 2017, Liberia had a large net trade with United Kingdom in the exports of Transportation ($109M), Mineral Products ($38.6M), and Machines ($163k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Liberia+$542kTelephones
Top Product Potential Liberia United Kingdom+$5.56MIron 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 United Kingdom and Liberia. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Liberia (Flag) (2022)

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