HS Icon Refined Petroleum in  Flag Liberia

2020
Exports | Imports
: $786k | $1.49B, World Rnk 152 / 212
Flag Rnk 18 / 297 | World Rnk 62 / 224
Flag Rnk 2 / 962

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $290k | $413M, Democratic Republic of the Congo |  China


PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.99, Rnk 835 / 1028

Exports In 2020, Liberia exported $786k in Refined Petroleum, making it the 152nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 18th most exported product in Liberia. The main destination of Refined Petroleum exports from Liberia are: Democratic Republic of the Congo ($290k), United Arab Emirates ($274k), South Korea ($170k), United States ($30.9k), and Guyana ($9.08k).

The fastest growing export markets for Refined Petroleum of Liberia between 2019 and 2020 were Democratic Republic of the Congo ($290k), United Arab Emirates ($197k), and United States ($12.9k).

Imports In 2020, Liberia imported $1.49B in Refined Petroleum, becoming the 62nd 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 ($1.15B), Brazil ($189M), Greece ($95.1M), Turkey ($23.6M), and Belgium ($10.5M).

The fastest growing import markets in Refined Petroleum for Liberia between 2019 and 2020 were China ($413M), United States ($8.4M), and Belgium ($4.74M).

Tariffs In 2018, the average tariff for Liberia in Refined Petroleum was 9.57%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 9.57%), Burundi (Most Favoured Nation duty rate treatement, 9.57%), Benin (Most Favoured Nation duty rate treatement, 9.57%), Burkina Faso (Most Favoured Nation duty rate treatement, 9.57%), and Botswana (Most Favoured Nation duty rate treatement, 9.57%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $786k

IMPORTS (2020): $1.49B

NET TRADE (2020): -$1.49B

In 2020, Liberia exported $786k in Refined Petroleum. The main destinations of Liberia exports on Refined Petroleum were Democratic Republic of the Congo ($290k), United Arab Emirates ($274k), South Korea ($170k), United States ($30.9k), and Guyana ($9.08k).

In 2020, Liberia imported $1.49B in Refined Petroleum, mainly from China ($1.15B), Brazil ($189M), Greece ($95.1M), Turkey ($23.6M), and Belgium ($10.5M).

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IN 2020, Liberia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2020, Liberia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Liberia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Liberia WERE (2019 - 2020):

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Market Concentration

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In 2019, Liberia's main exporting competitors in Refined Petroleum were:

In 2019, Liberia's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for Liberia in Refined Petroleum was 9.57%.

The countries with the highest tariffs for Refined Petroleum in Liberia were Angola (Most Favoured Nation duty rate treatement, 9.57%), Burundi (Most Favoured Nation duty rate treatement, 9.57%), Benin (Most Favoured Nation duty rate treatement, 9.57%), Burkina Faso (Most Favoured Nation duty rate treatement, 9.57%), and Botswana (Most Favoured Nation duty rate treatement, 9.57%).