Overview In 2019 Sierra Leone was the number 155 economy in the world in terms of GDP (current US$), the number 162 in total exports, the number 172 in total imports, the number 180 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Sierra Leone are Titanium Ore ($194M), Rough Wood ($116M), Diamonds ($113M), Aluminium Ore ($74M), and Cocoa Beans ($33.2M), exporting mostly to Belgium ($180M), China ($177M), Romania ($65.1M), United Arab Emirates ($42.4M), and Germany ($37.9M).

Imports The top imports of Sierra Leone are Rice ($108M), Plastic Lids ($60.6M), Packaged Medicaments ($27.2M), Sauces and Seasonings ($25M), and Cars ($24.1M), importing mostly from China ($314M), India ($127M), United States ($73.9M), Ghana ($60.1M), and Turkey ($59.6M).

Location Sierra Leone borders Guinea and Liberia by land.

Historical Data

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Yearly Exports

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Top Export (2019): Titanium Ore, $194M

Top Destination (2019): Belgium, $180M

In 2019, Sierra Leone exported a total of $697M, making it the number 162 exporter in the world. During the last five reported years the exports of Sierra Leone have changed by -$1.51B from $2.21B in 2014 to $697M in 2019.

The most recent exports are led by Titanium Ore ($194M), Rough Wood ($116M), Diamonds ($113M), Aluminium Ore ($74M), and Cocoa Beans ($33.2M). The most common destination for the exports of Sierra Leone are Belgium ($180M), China ($177M), Romania ($65.1M), United Arab Emirates ($42.4M), and Germany ($37.9M).

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Yearly Imports

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Top Import (2019): Rice, $108M

Top Origin (2019): China, $314M

In 2019 Sierra Leone imported $1.16B, making it the number 172 trade destination in the world. During the last five reported years the imports of Sierra Leone changed by -$1.2B from $2.36B in 2014 to $1.16B in 2019.

The most recent imports of Sierra Leone are led by Rice ($108M), Plastic Lids ($60.6M), Packaged Medicaments ($27.2M), Sauces and Seasonings ($25M), and Cars ($24.1M). The most common import partners for Sierra Leone are China ($314M), India ($127M), United States ($73.9M), Ghana ($60.1M), and Turkey ($59.6M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Sierra Leone has a high level of specialization in Titanium Ore (1.96k), Niobium, Tantalum, Vanadium and Zirconium Ore (392), Aluminium Ore (339), Rough Wood (200), and Cocoa Beans (90.3). Specialization is measured using RCA, an index that takes the ratio between Sierra Leone observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Sierra Leone according to the product complexity index (PCI) are Metal-rolling mills and rolls thereof (1.38), Air, vacuum pumps, compressors, ventilating fans, etc (1.19), Electric lighting, signal equipment, car electrics nes (1.04), Machinery for feedstuffs, poultry, beekeeping (0.84), and Milking machines and dairy machinery (0.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Sierra Leone according to the relatedness index, are Tin Ores (0.069), Manganese Ore (0.067), Gold (0.067), Coconuts, Brazil Nuts, and Cashews (0.066), and Crude Petroleum (0.063). 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 it is currently specialized in.

Relatedness Space

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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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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

Economic Complexity Ranking

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During the last 3 years Sierra Leone's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨86th to the 87th⁩ position in the ECI rank.

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.

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