Flag Sierra Leone

Product Exports (2018): $677M, Rank 158 of 222

Exports Per Capita (2018): $88.5, Rank 43 of 219

Product Imports (2018): $1.03B, Rank 172 of 221

Imports Per Capita (2018): $135, Rank 46 of 219

Service Exports (2018): $116M, Rank 82 of 88

Service Imports (2018): $404M, Rank 79 of 88

GDP (2018): $4.09B, CURRENT US$
Rank 159 of 196

GDP growth (2008 - 2018): 63%, CURRENT US$
Rank 66 of 196

GDP PC (2018): $534, CURRENT US$
Rank 188 of 196

GDP PC GROWTH (2008 - 2018): 30.7%, CURRENT US$
Rank 78 of 196

Overview: This page contains the latest international trade data for Sierra Leone, including service trade data. In 2018 Sierra Leone was the number 159 economy in the world in terms of GDP (current US$), the number 158 in total exports, and the number 172 in total imports. In 2018, Sierra Leone exported $677M and imported $1.03B, resulting in a negative trade balance of -$355M. In 2018, Sierra Leone's exports per capita were $88.5 and its imports per capita were $135.

Trade: The top exports of Sierra Leone are Titanium Ore ($145M), Rough Wood ($106M), Diamonds ($88.4M), Aluminium Ore ($79.8M), and Non-fillet Frozen Fish ($32.6M). The top imports of Sierra Leone are Rice ($104M), Cars ($28.4M), Iron Structures ($27.5M), Packaged Medicaments ($25.1M), and Sauces and Seasonings ($23.9M).

Destinations: Sierra Leone exports mostly to China ($169M), Belgium-Luxembourg ($146M), Romania ($74.2M), United States ($49.3M), and Germany ($29.5M), and imports mostly from China ($253M), India ($106M), United States ($59M), Turkey ($51.7M), and Netherlands ($46.5M).

Location: Sierra Leone borders Guinea and Liberia by land.

Yearly Exports

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Top Export (2018): Titanium Ore, $145M

Top Destination (2018): China, $169M

In 2018 Sierra Leone exported a total of $677M, making it the number 158 exporter in the world. During the last five reported years the exports of Sierra Leone have changed by -$992M from $1.67B in 2013 to $677M in 2018.

The most recent exports are led by Titanium Ore ($145M), Rough Wood ($106M), Diamonds ($88.4M), Aluminium Ore ($79.8M), and Non-fillet Frozen Fish ($32.6M). The most common destination for the exports of Sierra Leone are China ($169M), Belgium-Luxembourg ($146M), Romania ($74.2M), United States ($49.3M), and Germany ($29.5M).

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Yearly Imports

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Top Import (2018): Rice, $104M

Top Origin (2018): China, $253M

In 2018 Sierra Leone imported $1.03B, making it the number 172 trade destination in the world. During the last five reported years the imports of Sierra Leone changed by -$271M from $1.3B in 2013 to $1.03B in 2018.

The most recent imports of Sierra Leone are led by Rice ($104M), Cars ($28.4M), Iron Structures ($27.5M), Packaged Medicaments ($25.1M), and Sauces and Seasonings ($23.9M). The most common import partners for Sierra Leone are China ($253M), India ($106M), United States ($59M), Turkey ($51.7M), and Netherlands ($46.5M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Sierra Leone. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Economic Complexity Ranking

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During the last 2 years Sierra Leone's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨103rd to the 80th⁩ 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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Most Specialized Products by RCA Index

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Sierra Leone has a high level of specialization in Titanium Ore (1.5k), Aluminium Ore (429), Niobium, Tantalum, Vanadium and Zirconium Ore (277), Rough Wood (182), and Cocoa Beans (88.4). 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 Machinery, apparatus, equipment for print preparation (1.23), Air, vacuum pumps, compressors, ventilating fans, etc (1.21), Metal-rolling mills and rolls thereof (1.08), Equipment to project, disperse or spray liquid, powder (1.01), and Parts for use with lifting, moving machinery (0.99). 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 Crustaceans (0.073), Coconuts, Brazil Nuts, and Cashews (0.073), Gold (0.072), Crude Petroleum (0.07), and Rubber (0.066). 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.

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.