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2021
Economic Complexity
Research -0.97Rank 118 of 140
2021
Product
Exports | Imports $874M | $1.6B164 of 226 |  170 of 226
2021
Per Capita Product
Exports | Imports $104 | $190141 of 220 |  205 of 220

About

Overview In 2021 Sierra Leone was the number 164 economy in the world in terms of total exports and the number 170 in total imports.

Exports The top exports of Sierra Leone are Titanium Ore ($212M), Iron Ore ($163M), Rough Wood ($129M), Diamonds ($107M), and Aluminium Ore ($57.7M), exporting mostly to China ($341M), Belgium ($161M), Germany ($70.2M), United Arab Emirates ($69.7M), and Romania ($57.7M).

Imports The top imports of Sierra Leone are Rice ($130M), Refined Petroleum ($70.7M), Cars ($64.3M), Packaged Medicaments ($43.9M), and Poultry Meat ($37.2M), importing mostly from China ($489M), India ($191M), Turkey ($133M), United States ($109M), and United Arab Emirates ($89.3M).

Location Sierra Leone borders Guinea and Liberia by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Sierra Leone.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Titanium Ore$212M
Top Destination (2021)China$341M

In 2021, Sierra Leone exported a total of $874M, making it the number 164 exporter in the world. During the last five reported years the exports of Sierra Leone have changed by -$58.3M from $933M in 2016 to $874M in 2021.

The most recent exports are led by Titanium Ore ($212M), Iron Ore ($163M), Rough Wood ($129M), Diamonds ($107M), and Aluminium Ore ($57.7M). The most common destination for the exports of Sierra Leone are China ($341M), Belgium ($161M), Germany ($70.2M), United Arab Emirates ($69.7M), and Romania ($57.7M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
China$200M (+ 141%)
Belgium$50.6M (+ 45.8%)
Germany$45.3M (+ 182%)
Fastest Growing Import Markets (2020 - 2021)
China$118M (+ 31.7%)
India$66.8M (+ 53.6%)
Belgium$58.9M (+ 250%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Sierra Leone Exports Services (2018)$116M
Sierra Leone Imports Services (2018)$404M

In 2018, Sierra Leone exported $116M worth of services. The top services exported by Sierra Leone in 2018 were Personal travel ($20.5M), Other business services ($19.6M), Business travel ($18.2M), Transportation ($18M), and Computer and information services ($15.9M).

The top services imported by Sierra Leone in 2018 were Transportation ($150M), Other business services ($111M), Personal travel ($47.5M), Computer and information services ($35.4M), and Insurance services ($35.1M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Research)-0.97Rank 118 of 140

Most Specialized Products by RCA Index

Sierra Leone has a high level of specialization in Titanium Ore (1.88k), Niobium, Tantalum, Vanadium and Zirconium Ore (360), Aluminium Ore (241), Rough Wood (170), and Cocoa Beans (103). Specialization is measured using RCA, an index that takes the ratio between Sierra Leone observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Sierra Leone according to the relatedness index, were Tin Ores (0.059), Manganese Ore (0.058), Gold (0.057), Coconut Oil (0.056), and Rubber (0.053). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Sierra Leone is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Sierra Leone. These are products that tend to be co-exported with the products that Sierra Leone exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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