Liberia (LBR) and India (IND) Trade | The Observatory of Economic Complexity

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Liberia-India Trade: In 2023, Liberia exported $32.8M to India. The main products that Liberia exported to India were Passenger and Cargo Ships ($16.4M), Scrap Aluminium ($4.45M), and Rubber ($2.25M). Over the past 5 years the exports of Liberia to India have decreased at an annualized rate of 24.8%, from $136M in 2018 to $32.8M in 2023.

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

India-Liberia Trade: In 2023, India exported $335M to Liberia. The main products that India exported to Liberia were Rice ($195M), Packaged Medicaments ($14M), and Motorcycles and cycles ($11M). Over the past 5 years the exports of India to Liberia have increased at an annualized rate of 11%, from $199M in 2018 to $335M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $32.8M to India. The main products exported from Liberia to India were Passenger and Cargo Ships ($16.4M), Scrap Aluminium ($4.45M), and Rubber ($2.25M). During the last 5 years the exports of Liberia to India have decreased at an annualized rate of 24.8%, from $136M in 2018 to $32.8M in 2023.

In 2018, India exported $335M to Liberia. The main products exported from India to Liberia were Rice ($195M), Packaged Medicaments ($14M), and Motorcycles and cycles ($11M). During the last 5 years the exports of India to Liberia have increased at an annualized rate of 11%, from $199M in 2023 to $335M in 2018.

Exports from Liberia () to India () (2023)

Exports from India () to Liberia () (2023)

Latest Data

Trade between Liberia () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Liberia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Liberia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with India in the exports of Transportation ($16.4M), Metals ($5.01M), and Wood Products ($3.26M).

During 2018, India had a large net trade with Liberia in the exports of Vegetable Products ($196M), Transportation ($30.9M), and Machines ($24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia India+$16.5MGold

Top Product Potential India Liberia+$10MRefined 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 Liberia and India. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Liberia.

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to India () (2023)

Exports from India () to Liberia () (2023)

Latest Data

Trade between Liberia () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Liberia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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