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2021
Flag → Flag
Exports $60.4kRnk 16 / 0
2021
Flag → Flag
Exports $18.2MRnk 20 / 86
2021
Flag → Flag
Top Product $18.2MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Rwanda-Liberia Trade: In 2021, Rwanda exported $60.4k to Liberia. The main products that Rwanda exported to Liberia were N/A. Over the past 8 years the exports of Rwanda to Liberia have decreased at an annualized rate of 1.13%, from $66.1k in 2013 to $60.4k in 2021.

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

Liberia-Rwanda Trade: In 2021, Liberia exported $18.2M to Rwanda. The main products that Liberia exported to Rwanda were Refined Petroleum ($18.2M) and Rubber Tires ($4.84k). Over the past 8 years the exports of Liberia to Rwanda have increased at an annualized rate of 228%,  from $1.38k in 2013 to $18.2M in 2021.

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

Comparison: In 2022,  Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B). 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 2021, Rwanda exported $60.4k to Liberia. There were not main exports from Rwanda to Liberia in 2021. During the last 8 years the exports of Rwanda to Liberia have decreased at an annualized rate of 1.13%, from $66.1k in 2013 to $60.4k in 2021.

In 2017, Liberia exported $18.2M to Rwanda. The main products exported from Liberia to Rwanda were Refined Petroleum ($18.2M) and Rubber Tires ($4.84k). During the last 5 years the exports of Liberia to Rwanda have increased at an annualized rate of 228%, from $1.38k in 2022 to $18.2M in 2017.

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

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

Latest Data

Trade between Rwanda (Flag) and Liberia (Flag)

Rwanda Exports

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Rwanda than Liberia included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

In 2022, countries that imported more from Liberia than Rwanda included Switzerland ($544M), France ($158M), and Germany ($156M).

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

Comparative Advantage Rwanda - Liberia

Flow
Scale

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

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

During 2017, Liberia had a large net trade with Rwanda in the exports of Mineral Products ($18.2M) and Plastics and Rubbers ($4.84k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Rwanda Liberia+$1.12kMalt Extract
Top Product Potential Liberia Rwanda+$1.76kGold

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

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

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