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Pricing

2022
Flag → Flag
Exports $1.06MRnk 103 / 166
2022
Flag → Flag
Top Product $287kUncoated Paper
2022
Flag → Flag
Exports $950kRnk 39 / 86
2022
Flag → Flag
Top Product $329kCars
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Nigeria-Liberia Trade: In 2022, Nigeria exported $1.06M to Liberia. The main products that Nigeria exported to Liberia were Uncoated Paper ($287k), Hair Products ($184k), and Beer ($93k). Over the past 5 years the exports of Nigeria to Liberia have decreased at an annualized rate of 9.81%, from $1.77M in 2017 to $1.06M in 2022.

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

Liberia-Nigeria Trade: In 2022, Liberia exported $950k to Nigeria. The main products that Liberia exported to Nigeria were Cars ($329k), Soldering and Welding Machinery ($95.1k), and Large Construction Vehicles ($91.6k). Over the past 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 21.3%,  from $3.15M in 2017 to $950k in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $1.06M to Liberia. The main products exported from Nigeria to Liberia were Uncoated Paper ($287k), Hair Products ($184k), and Beer ($93k). During the last 5 years the exports of Nigeria to Liberia have decreased at an annualized rate of 9.81%, from $1.77M in 2017 to $1.06M in 2022.

In 2017, Liberia exported $950k to Nigeria. The main products exported from Liberia to Nigeria were Cars ($329k), Soldering and Welding Machinery ($95.1k), and Large Construction Vehicles ($91.6k). During the last 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 21.3%, from $3.15M in 2022 to $950k in 2017.

Exports from Nigeria (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Liberia (Flag)

Nigeria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Nigeria than Liberia included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Liberia than Nigeria included Lebanon ($106M), Cyprus ($53.7M), and Tanzania ($41.5M).

Difference in imports from Liberia (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Liberia

Flow
Scale

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

During 2022, Nigeria had a large net trade with Liberia in the exports of Paper Goods ($323k), Chemical Products ($311k), and Foodstuffs ($195k).

During 2017, Liberia had a large net trade with Nigeria in the exports of Transportation ($493k), Machines ($346k), and Metals ($34.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Liberia+$124kNitrogenous Fertilizers
Top Product Potential Liberia Nigeria+$242kCars

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

Product Space of Nigeria (Flag) and Liberia (Flag) (2022)

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