Liberia (LBR) and China (CHN) Trade | The Observatory of Economic Complexity

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Liberia-China Trade: In 2023, Liberia exported $85.4M to China. The main products that Liberia exported to China were Iron Ore ($47.7M), Rough Wood ($14.3M), and Titanium Ore ($14.2M). Over the past 5 years the exports of Liberia to China have decreased at an annualized rate of 1.9%, from $94M in 2018 to $85.4M in 2023.

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

China-Liberia Trade: In 2023, China exported $6.48B to Liberia. The main products that China exported to Liberia were Passenger and Cargo Ships ($5.22B), Refined Petroleum ($547M), and Centrifuges ($71.9M). Over the past 5 years the exports of China to Liberia have increased at an annualized rate of 16.4%, from $1.22B in 2018 to $6.48B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $85.4M to China. The main products exported from Liberia to China were Iron Ore ($47.7M), Rough Wood ($14.3M), and Titanium Ore ($14.2M). During the last 5 years the exports of Liberia to China have decreased at an annualized rate of 1.9%, from $94M in 2018 to $85.4M in 2023.

In 2018, China exported $6.48B to Liberia. The main products exported from China to Liberia were Passenger and Cargo Ships ($5.22B), Refined Petroleum ($547M), and Centrifuges ($71.9M). During the last 5 years the exports of China to Liberia have increased at an annualized rate of 16.4%, from $1.22B in 2023 to $6.48B in 2018.

Exports from Liberia () to China () (2023)

Exports from China () to Liberia () (2023)

Latest Data

Trade between Liberia () and China ()

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Liberia than from China.

In 2023, countries that imported more from China than Liberia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Liberia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with China in the exports of Mineral Products ($68.6M), Wood Products ($14.3M), and Plastics and Rubbers ($1.47M).

During 2018, China had a large net trade with Liberia in the exports of Transportation ($5.3B), Mineral Products ($551M), and Machines ($271M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia China+$2.87MRough Wood

Top Product Potential China Liberia+$9.4MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to China () (2023)

Exports from China () to Liberia () (2023)

Latest Data

Trade between Liberia () and China ()

China Exports

Market Competitiveness

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

Comparative Advantage Liberia - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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