Liberia (LBR) and South Africa (ZAF) Trade | The Observatory of Economic Complexity

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Liberia-South Africa Trade: In 2022, Liberia exported $13.3M to South Africa. The main products that Liberia exported to South Africa were Refined Petroleum ($9.75M), Stone Processing Machines ($2.14M), and Scrap Copper ($1.17M). Over the past 5 years the exports of Liberia to South Africa have increased at an annualized rate of 155%, from $122k in 2017 to $13.3M in 2022.

In 2022, Liberia did not export any services to South Africa.

South Africa-Liberia Trade: In 2022, South Africa exported $43.1M to Liberia. The main products that South Africa exported to Liberia were Refined Petroleum ($26.6M), Stone Processing Machines ($3.24M), and Soups and Broths ($1.24M). Over the past 5 years the exports of South Africa to Liberia have decreased at an annualized rate of 6.68%, from $60.9M in 2017 to $43.1M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $13.3M to South Africa. The main products exported from Liberia to South Africa were Refined Petroleum ($9.75M), Stone Processing Machines ($2.14M), and Scrap Copper ($1.17M). During the last 5 years the exports of Liberia to South Africa have increased at an annualized rate of 155%, from $122k in 2017 to $13.3M in 2022.

In 2017, South Africa exported $43.1M to Liberia. The main products exported from South Africa to Liberia were Refined Petroleum ($26.6M), Stone Processing Machines ($3.24M), and Soups and Broths ($1.24M). During the last 5 years the exports of South Africa to Liberia have decreased at an annualized rate of 6.68%, from $60.9M in 2022 to $43.1M in 2017.

Exports from Liberia () to South Africa () (2022)

Exports from South Africa () to Liberia () (2022)

Latest Data

Trade between Liberia () and South Africa ()

South Africa Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

South Africa
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Liberia than South Africa included Lebanon ($106M) and Cyprus ($53.7M).

In 2022, countries that imported more from South Africa than Liberia included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

Difference in imports from South Africa () and Liberia () (2022)

Comparative Advantage Liberia - South Africa

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with South Africa in the exports of Mineral Products ($9.83M), Machines ($2.14M), and Metals ($1.17M).

During 2017, South Africa had a large net trade with Liberia in the exports of Mineral Products ($27M), Machines ($7.47M), and Foodstuffs ($2.45M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia South Africa+$7.57MRefined Petroleum

Top Product Potential South Africa Liberia+$5.76MRefined 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 South Africa. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over South Africa. Similarly, a dot/product with the flag of South Africa indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to South Africa () (2022)

Exports from South Africa () to Liberia () (2022)

Latest Data

Trade between Liberia () and South Africa ()

South Africa Exports

Market Competitiveness

Difference in imports from South Africa () and Liberia () (2022)

Comparative Advantage Liberia - South Africa

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and South Africa () (2022)

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