Sierra Leone2020 Product Exports | Imports: $532M | $1.16B, 166 of 226 | 170 of 226
2020 Per Capita Product Exports | Imports: $66.7 | $145, 208 of 219 | 207 of 219
2018 Service Exports | Imports : $116M | $404M, 115 of 125 | 112 of 125
Overview In 2020 Sierra Leone was the number 166 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 ($158M), Rough Wood ($109M), Diamonds ($66.4M), Aluminium Ore ($49.5M), and Cocoa Beans ($47.3M), exporting mostly to China ($142M), Belgium ($110M), Netherlands ($47M), Romania ($38.2M), and United States ($30.4M).
Imports The top imports of Sierra Leone are Rice ($134M), Packaged Medicaments ($69.7M), Cars ($37.6M), Cement ($24.4M), and Poultry Meat ($23.3M), importing mostly from China ($371M), India ($125M), Turkey ($75.6M), United States ($69.1M), and Netherlands ($68.2M).
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.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Titanium Ore, $158M
Top Destination (2020): China, $142M
In 2020, Sierra Leone exported a total of $532M, making it the number 166 exporter in the world. During the last five reported years the exports of Sierra Leone have changed by -$88.1M from $620M in 2015 to $532M in 2020.
The most recent exports are led by Titanium Ore ($158M), Rough Wood ($109M), Diamonds ($66.4M), Aluminium Ore ($49.5M), and Cocoa Beans ($47.3M). The most common destination for the exports of Sierra Leone are China ($142M), Belgium ($110M), Netherlands ($47M), Romania ($38.2M), and United States ($30.4M).
In 2020 Sierra Leone imported $1.16B, making it the number 170 trade destination in the world. During the last five reported years the imports of Sierra Leone changed by -$604M from $1.76B in 2015 to $1.16B in 2020.
The most recent imports of Sierra Leone are led by Rice ($134M), Packaged Medicaments ($69.7M), Cars ($37.6M), Cement ($24.4M), and Poultry Meat ($23.3M). The most common import partners for Sierra Leone are China ($371M), India ($125M), Turkey ($75.6M), United States ($69.1M), and Netherlands ($68.2M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
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).
Sierra Leone has a high level of specialization in Titanium Ore (2.07k), Niobium, Tantalum, Vanadium and Zirconium Ore (295), Aluminium Ore (284), Rough Wood (258), and Cocoa Beans (174). Specialization is measured using RCA, an index that takes the ratio between Sierra Leone observed and expected exports in each product.
The highest complexity exports of Sierra Leone according to the product complexity index (PCI) are Machines for processing textile fibres (1.45), Electrical machinery and apparatus, nes (1.35), Rolled stainless steel sheet, width < 600mm (1.32), Transmission or conveyor belts or belting of textile (1.19), and Special textile products for technical purposes (1.08). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Sierra Leone according to the relatedness index, are Coconut Oil (0.069), Tin Ores (0.063), Rubber (0.062), Manganese Ore (0.061), and Gold (0.061). 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.
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.
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.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.8 ant