Liberia (LBR) and Australia (AUS) Trade | The Observatory of Economic Complexity

About

Liberia-Australia Trade: In 2023, Liberia exported $42.1k to Australia. The main products that Liberia exported to Australia were Knit Gloves ($27.5k), Palm Oil ($8.04k), and Coconut Oil ($5.41k). Over the past 5 years the exports of Liberia to Australia have decreased at an annualized rate of 6.65%, from $59.3k in 2018 to $42.1k in 2023.

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

Australia-Liberia Trade: In 2023, Australia exported $5.89M to Liberia. The main products that Australia exported to Liberia were Stone Processing Machines ($3.21M), Used Rubber Tires ($492k), and Used Clothing ($325k). Over the past 5 years the exports of Australia to Liberia have increased at an annualized rate of 21.9%, from $2.19M in 2018 to $5.89M in 2023.

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

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $42.1k to Australia. The main products exported from Liberia to Australia were Knit Gloves ($27.5k), Palm Oil ($8.04k), and Coconut Oil ($5.41k). During the last 5 years the exports of Liberia to Australia have decreased at an annualized rate of 6.65%, from $59.3k in 2018 to $42.1k in 2023.

In 2018, Australia exported $5.89M to Liberia. The main products exported from Australia to Liberia were Stone Processing Machines ($3.21M), Used Rubber Tires ($492k), and Used Clothing ($325k). During the last 5 years the exports of Australia to Liberia have increased at an annualized rate of 21.9%, from $2.19M in 2023 to $5.89M in 2018.

Exports from Liberia () to Australia () (2023)

Exports from Australia () to Liberia () (2023)

Latest Data

Trade between Liberia () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Liberia than Australia included Lebanon ($105M), Gambia ($976k), and North Korea ($38.5k).

In 2023, countries that imported more from Australia than Liberia included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Liberia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Australia in the exports of Textiles ($28.6k) and Animal and Vegetable Bi-Products ($13.5k).

During 2018, Australia had a large net trade with Liberia in the exports of Machines ($3.91M), Plastics and Rubbers ($552k), and Textiles ($334k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Australia+$67.3kPalm Oil

Top Product Potential Australia Liberia+$64.3kMotor vehicles; parts and accessories (8701 to 8705)

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Australia () (2023)

Exports from Australia () to Liberia () (2023)

Latest Data

Trade between Liberia () and Australia ()

Australia Exports

Market Competitiveness

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

Comparative Advantage Liberia - Australia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring