2023
Flag  
GDP
$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH
33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
 GDP
$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH
84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC 
$772CURRENT US$
Rnk 184 / 195
2013-2023
Flag
GDP PC GROWTH
8.6%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC
$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH
71.5%CURRENT US$
Rnk 24 / 195

About

Liberia-Nepal Trade: In 2021, Liberia exported $595k to Nepal. The main products that Liberia exported to Nepal were N/A. Over the past 6 years the exports of Liberia to Nepal have increased at an annualized rate of 84.9%, from $14.9k in 2015 to $595k in 2021.

In 2021, Liberia did not export any services to Nepal.

Nepal-Liberia Trade: In 2021, Nepal exported $10.1k to Liberia. The main products that Nepal exported to Liberia were Travel Kits ($10.1k). Over the past 6 years the exports of Nepal to Liberia have increased at an annualized rate of 56.4%,  from $1.08k in 2015 to $10.1k in 2021.

In 2021, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Liberia exported $595k to Nepal. There were not main exports from Liberia to Nepal in 2021. During the last 6 years the exports of Liberia to Nepal have increased at an annualized rate of 84.9%, from $14.9k in 2015 to $595k in 2021.

In 2018, Nepal exported $10.1k to Liberia. The main products exported from Nepal to Liberia were Travel Kits ($10.1k). During the last 5 years the exports of Nepal to Liberia have increased at an annualized rate of 56.4%, from $1.08k in 2023 to $10.1k in 2018.

Exports from Liberia (Flag) to Nepal (Flag) (2023)

Exports from Nepal (Flag) to Liberia (Flag) (2023)

Market Competitiveness

Color
Liberia
Top Destination
Switzerland$708M
Nepal
Top Destination
India$811M

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

In 2023, countries that imported more from Liberia than Nepal included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

In 2023, countries that imported more from Nepal than Liberia included India ($811M), United States ($140M), and Japan ($13M).

Difference in imports from Nepal (Flag) and Liberia (Flag) (2023)

Comparative Advantage Liberia - Nepal

Flow
Scale

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

During 2021, Liberia had a large net trade with Nepal in the exports of .

During 2018, Nepal had a large net trade with Liberia in the exports of Miscellaneous ($10.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Nepal+$3.3kGold
Top Product Potential Nepal Liberia+$8.63kVaccines, blood, antisera, toxins and cultures

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

Product Space of Liberia (Flag) and Nepal (Flag) (2023)

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