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

About

Liberia-India Trade: In 2022, Liberia exported $23.6M to India. The main products that Liberia exported to India were Palm Oil ($7.64M), Gold ($3.86M), and Scrap Aluminium ($3.84M). Over the past 5 years the exports of Liberia to India have decreased at an annualized rate of 8.57%, from $36.9M in 2017 to $23.6M in 2022.

In 2022, Liberia did not export any services to India.

India-Liberia Trade: In 2022, India exported $240M to Liberia. The main products that India exported to Liberia were Rice ($121M), Packaged Medicaments ($15.3M), and Motorcycles and cycles ($14.2M). Over the past 5 years the exports of India to Liberia have decreased at an annualized rate of 0.95%, from $251M in 2017 to $240M in 2022.

In 2022, India did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $23.6M to India. The main products exported from Liberia to India were Palm Oil ($7.64M), Gold ($3.86M), and Scrap Aluminium ($3.84M). During the last 5 years the exports of Liberia to India have decreased at an annualized rate of 8.57%, from $36.9M in 2017 to $23.6M in 2022.

In 2017, India exported $240M to Liberia. The main products exported from India to Liberia were Rice ($121M), Packaged Medicaments ($15.3M), and Motorcycles and cycles ($14.2M). During the last 5 years the exports of India to Liberia have decreased at an annualized rate of 0.95%, from $251M in 2022 to $240M in 2017.

Exports from Liberia () to India () (2022)

Exports from India () to Liberia () (2022)

Latest Data

Trade between Liberia () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

India
Top DestinationUnited States$82.9B

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 2022, no countries were registered that imported more from Liberia than from India.

In 2022, countries that imported more from India than Liberia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India () and Liberia () (2022)

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 2022, Liberia had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($10.6M), Metals ($5.46M), and Precious Metals ($3.9M).

During 2017, India had a large net trade with Liberia in the exports of Vegetable Products ($121M), Transportation ($34.5M), and Chemical Products ($22.1M).

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.

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to India () (2022)

Exports from India () to Liberia () (2022)

Latest Data

Trade between Liberia () and India ()

India Exports

Market Competitiveness

Difference in imports from India () and Liberia () (2022)

Comparative Advantage Liberia - India

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 India () (2022)

Keep Exploring