Ghana (GHA) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Ghana-Liberia Trade: In 2023, Ghana exported $30.3M to Liberia. The main products that Ghana exported to Liberia were Delivery Trucks ($5.02M), Sauces and Seasonings ($3.86M), and Plastic Lids ($2.7M). Over the past 5 years the exports of Ghana to Liberia have increased at an annualized rate of 34.9%, from $6.79M in 2018 to $30.3M in 2023.

In 2023, Ghana did not export any services to Liberia.

Liberia-Ghana Trade: In 2023, Liberia exported $27M to Ghana. The main products that Liberia exported to Ghana were Refined Petroleum ($15.3M), Palm Oil ($7.51M), and Crude Petroleum ($2.44M). Over the past 5 years the exports of Liberia to Ghana have increased at an annualized rate of 4.59%, from $14.4M in 2018 to $27M in 2023.

In 2023, Liberia did not export any services to Ghana.

Comparison: In 2023, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $30.3M to Liberia. The main products exported from Ghana to Liberia were Delivery Trucks ($5.02M), Sauces and Seasonings ($3.86M), and Plastic Lids ($2.7M). During the last 5 years the exports of Ghana to Liberia have increased at an annualized rate of 34.9%, from $6.79M in 2018 to $30.3M in 2023.

In 2018, Liberia exported $27M to Ghana. The main products exported from Liberia to Ghana were Refined Petroleum ($15.3M), Palm Oil ($7.51M), and Crude Petroleum ($2.44M). During the last 5 years the exports of Liberia to Ghana have increased at an annualized rate of 4.59%, from $14.4M in 2023 to $27M in 2018.

Exports from Ghana () to Liberia () (2023)

Exports from Liberia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Liberia ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Ghana than Liberia included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Liberia than Ghana included Lebanon ($105M), Poland ($101M), and Tanzania ($38M).

Difference in imports from Liberia () and Ghana () (2023)

Comparative Advantage Ghana - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Liberia in the exports of Foodstuffs ($9.07M), Transportation ($5.68M), and Machines ($4.77M).

During 2018, Liberia had a large net trade with Ghana in the exports of Mineral Products ($19.1M), Animal and Vegetable Bi-Products ($7.51M), and Transportation ($137k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Liberia+$3.44kRefined Petroleum

Top Product Potential Liberia Ghana+$3.62kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Liberia () (2023)

Exports from Liberia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Liberia ()

Ghana Exports

Market Competitiveness

Difference in imports from Liberia () and Ghana () (2023)

Comparative Advantage Ghana - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Liberia () (2023)

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