2023
Exports
$98.9MWorld Rnk 111 / 214
Flag Rnk 6 / 430
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.47BWorld Rnk 93 / 226
Flag Rnk 2 / 1058
2023
ECONOMIC COMPLEXITY of Liberia
-1.44Rnk 126 / 132

About

Exports In 2023, Liberia exported $98.9M in Refined Petroleum, making it the 111th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Liberia. The main destination of Refined Petroleum exports from Liberia are: Tanzania ($37.9M), United Kingdom ($35.7M), Ghana ($15.3M), Chile ($6.44M), and Eswatini ($1.37M).

The fastest growing export markets for Refined Petroleum of Liberia between 2022 and 2023 were United Kingdom ($35.7M), Ghana ($9.66M), and Chile ($6.44M).

Imports In 2023, Liberia imported $1.47B in Refined Petroleum, becoming the 93rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Liberia. Liberia imports Refined Petroleum primarily from: China ($547M), Brazil ($340M), Cote d'Ivoire ($315M), Greece ($77.8M), and Turkey ($76.5M).

The fastest growing import markets in Refined Petroleum for Liberia between 2022 and 2023 were Cote d'Ivoire ($46.7M), Turkey ($27M), and South Africa ($9.15M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$98.9M
IMPORTS (2023)$1.47B
NET TRADE (2023)-$1.37B

In 2023, Liberia exported $98.9M in Refined Petroleum. The main destinations of Liberia exports on Refined Petroleum were Tanzania ($37.9M), United Kingdom ($35.7M), Ghana ($15.3M), Chile ($6.44M), and Eswatini ($1.37M).

In 2023, Liberia imported $1.47B in Refined Petroleum, mainly from China ($547M), Brazil ($340M), Cote d'Ivoire ($315M), Greece ($77.8M), and Turkey ($76.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Liberia WERE (2022 - 2023):
United Kingdom$35.7M (1%)
Ghana$9.66M (170%)
Chile$6.44M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Liberia WERE (2022 - 2023):
Rwanda-$20.4M (-100%)
Lebanon-$13.1M (-100%)
Pakistan-$11.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Liberia's main exporting competitors in Refined Petroleum were:
In 2023, Liberia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Africa+ $7.57M
TOP IMPORT POTENTIALUnited States+ $60.5M

Refined Petroleum’s highest export potential is South Africa. With an export gap of $7.57M.   Refined Petroleum’s highest import potential is United States with an import gap of $60.5M.

See methodology.

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