Liberia (LBR) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Liberia-Norway Trade: In 2022, Liberia exported $156k to Norway. The main products that Liberia exported to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). Over the past 5 years the exports of Liberia to Norway have increased at an annualized rate of 70.8%, from $10.7k in 2017 to $156k in 2022.

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

Norway-Liberia Trade: In 2022, Norway exported $1.08M to Liberia. The main products that Norway exported to Liberia were Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). Over the past 5 years the exports of Norway to Liberia have decreased at an annualized rate of 43.6%, from $18.9M in 2017 to $1.08M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $156k to Norway. The main products exported from Liberia to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). During the last 5 years the exports of Liberia to Norway have increased at an annualized rate of 70.8%, from $10.7k in 2017 to $156k in 2022.

In 2017, Norway exported $1.08M to Liberia. The main products exported from Norway to Liberia were Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). During the last 5 years the exports of Norway to Liberia have decreased at an annualized rate of 43.6%, from $18.9M in 2022 to $1.08M in 2017.

Exports from Liberia () to Norway () (2022)

Exports from Norway () to Liberia () (2022)

Latest Data

Trade between Liberia () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Liberia than Norway included Lebanon ($106M), Rwanda ($18.2M), and Tanzania ($41.5M).

In 2022, countries that imported more from Norway than Liberia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Liberia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Norway in the exports of Plastics and Rubbers ($135k), Machines ($6.34k), and Foodstuffs ($6.26k).

During 2017, Norway had a large net trade with Liberia in the exports of Instruments ($370k), Animal Products ($267k), and Machines ($257k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Norway+$16.2kRaw Plastic Sheeting

Top Product Potential Norway Liberia+$121kNon-fillet Frozen Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Norway () (2022)

Exports from Norway () to Liberia () (2022)

Latest Data

Trade between Liberia () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Liberia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Norway () (2022)

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