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2023
Flag → Flag
Exports $2Rnk 112 / 112
2023
Flag → Flag
Top Product $2Integrated Circuits
2023
Flag → Flag
Exports $2.01MRnk 123 / 200
2023
Flag → Flag
Top Product $1.1MBaked Goods
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $772CURRENT US$
Rnk 184 / 195
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Liberia-Sri Lanka Trade: In 2023, Liberia exported $2 to Sri Lanka. The main products that Liberia exported to Sri Lanka were Integrated Circuits ($2). Over the past 6 years the exports of Liberia to Sri Lanka have decreased at an annualized rate of 80.2%, from $33.1k in 2017 to $2 in 2023.

In 2023, Liberia did not export any services to Sri Lanka.

Sri Lanka-Liberia Trade: In 2023, Sri Lanka exported $2.01M to Liberia. The main products that Sri Lanka exported to Liberia were Baked Goods ($1.1M), Tea ($510k), and Trailers and semi-trailers, not mechanically propelled vehicles ($139k). Over the past 6 years the exports of Sri Lanka to Liberia have increased at an annualized rate of 39.4%,  from $382k in 2017 to $2.01M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Liberia exported $2 to Sri Lanka. The main products exported from Liberia to Sri Lanka were Integrated Circuits ($2). During the last 6 years the exports of Liberia to Sri Lanka have decreased at an annualized rate of 80.2%, from $33.1k in 2017 to $2 in 2023.

In 2018, Sri Lanka exported $2.01M to Liberia. The main products exported from Sri Lanka to Liberia were Baked Goods ($1.1M), Tea ($510k), and Trailers and semi-trailers, not mechanically propelled vehicles ($139k). During the last 5 years the exports of Sri Lanka to Liberia have increased at an annualized rate of 39.4%, from $382k in 2023 to $2.01M in 2018.

Exports from Liberia (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Liberia (Flag) (2023)

Latest Data

Trade between Liberia (Flag) and Sri Lanka (Flag)

Sri Lanka Exports

Date

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$708M
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Liberia than Sri Lanka included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

In 2023, countries that imported more from Sri Lanka than Liberia included United States ($2.98B), India ($991M), and Germany ($906M).

Difference in imports from Sri Lanka (Flag) and Liberia (Flag) (2023)

Comparative Advantage Liberia - Sri Lanka

Flow
Scale

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

During 2023, Liberia had a large net trade with Sri Lanka in the exports of Machines ($2).

During 2018, Sri Lanka had a large net trade with Liberia in the exports of Foodstuffs ($1.1M), Vegetable Products ($510k), and Transportation ($148k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Sri Lanka+$3.3kRefined Petroleum
Top Product Potential Sri Lanka Liberia+$2.09kPassenger and Cargo Ships

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

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

Product Space of Liberia (Flag) and Sri Lanka (Flag) (2023)

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