2022
Flag  
GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
 GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Nepal-Liberia Trade: In 2022, Nepal exported $19.5k to Liberia. The main products that Nepal exported to Liberia were Vaccines, blood, antisera, toxins and cultures ($19.5k). Over the past 7 years the exports of Nepal to Liberia have increased at an annualized rate of 52.3%, from $1.03k in 2015 to $19.5k in 2022.

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

Liberia-Nepal Trade: In 2022, Liberia exported $536k to Nepal. The main products that Liberia exported to Nepal were N/A. Over the past 7 years the exports of Liberia to Nepal have decreased at an annualized rate of 37.1%,  from $5.47M in 2015 to $536k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $19.5k to Liberia. The main products exported from Nepal to Liberia were Vaccines, blood, antisera, toxins and cultures ($19.5k). During the last 7 years the exports of Nepal to Liberia have increased at an annualized rate of 52.3%, from $1.03k in 2015 to $19.5k in 2022.

In 2016, Liberia exported $536k to Nepal. There were not main exports from Liberia to Nepal in 2016. During the last 5 years the exports of Liberia to Nepal have decreased at an annualized rate of 37.1%, from $5.47M in 2021 to $536k in 2016.

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

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

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Liberia
Top Destination
Switzerland$544M

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

In 2022, countries that imported more from Nepal than Liberia included India ($956M), United States ($152M), and Singapore ($25.5M).

In 2022, countries that imported more from Liberia than Nepal included Switzerland ($544M), France ($158M), and Poland ($124M).

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

Comparative Advantage Nepal - Liberia

Flow
Scale

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

During 2022, Nepal had a large net trade with Liberia in the exports of Chemical Products ($19.5k).

During 2016, Liberia had a large net trade with Nepal in the exports of .

Potential Exports

Potential Exports

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

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

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

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