NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $50MRnk 131 / 220
2023
Flag → Flag
Top Product $10.1MRefined Petroleum
2023
Flag → Flag
Exports $39.2MRnk 13 / 112
2023
Flag → Flag
Top Product $30.6MRubber
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Belgium-Liberia Trade: In 2023, Belgium exported $50M to Liberia. The main products that Belgium exported to Liberia were Refined Petroleum ($10.1M), Electrical Control Boards ($7.17M), and Large Construction Vehicles ($6.31M). Over the past 5 years the exports of Belgium to Liberia have increased at an annualized rate of 16.9%, from $23M in 2018 to $50M in 2023.

In 2023, Belgium did not export any services to Liberia.

Liberia-Belgium Trade: In 2023, Liberia exported $39.2M to Belgium. The main products that Liberia exported to Belgium were Rubber ($30.6M), Diamonds ($7.96M), and Iron Pipe Fittings ($241k). Over the past 5 years the exports of Liberia to Belgium have decreased at an annualized rate of 5.92%,  from $67.9M in 2018 to $39.2M in 2023.

In 2023, Liberia did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €3.14M and imported €711k from Liberia, resulting in a positive trade balance of €2.43M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-11.6M (-78.7%) from €14.7M to €3.14M, while imports increased by €678k (2.06k%) from €32.9k to €711k.

Trade In October 2024, the top exports of Belgium to Liberia were Pharmaceutical products (€1.87M), Miscellaneous edible preparations (€422k), Cars, tractors, trucks & parts thereof. (€279k), Mineral fuels, mineral oils and products... (€243k), and Products of the milling industry (€236k). In October 2024 the top imports of Belgium from Liberia were Precious stones, metals, & pearls (€711k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-83.8k or -64.9%), Inorganic chemicals (€-35k or -68.4%), and Iron/Steel Articles (€-1.95k or -63.1%). In October 2024, the increase in Belgium's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Precious stones, metals, & pearls (€228k or 47.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-11.6M(-78.7%)
IMPORT GROWTH (October 2023 - October 2024)€678k(2.06k%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Liberia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $50M to Liberia. The main products exported from Belgium to Liberia were Refined Petroleum ($10.1M), Electrical Control Boards ($7.17M), and Large Construction Vehicles ($6.31M). During the last 5 years the exports of Belgium to Liberia have increased at an annualized rate of 16.9%, from $23M in 2018 to $50M in 2023.

In 2018, Liberia exported $39.2M to Belgium. The main products exported from Liberia to Belgium were Rubber ($30.6M), Diamonds ($7.96M), and Iron Pipe Fittings ($241k). During the last 5 years the exports of Liberia to Belgium have decreased at an annualized rate of 5.92%, from $67.9M in 2023 to $39.2M in 2018.

Exports from Belgium (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Liberia
Top DestinationSwitzerland$708M

This map shows whether countries import more from Belgium or Liberia. Each country is colored based on the difference in imports they receive from Belgium and Liberia or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Liberia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Liberia than Belgium included North Korea ($38.5k).

Difference in imports from Liberia (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Liberia

Flow
Scale

This chart compares trade between Belgium and Liberia by product, considering products traded by both, Belgium and Liberia.

During 2023, Belgium had a large net trade with Liberia in the exports of Machines ($21.5M), Mineral Products ($10.6M), and Transportation ($6.33M).

During 2018, Liberia had a large net trade with Belgium in the exports of Plastics and Rubbers ($30.6M), Precious Metals ($7.96M), and Metals ($241k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Liberia+$14MRefined Petroleum
Top Product Potential Liberia Belgium+$2.92MDiamonds

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Liberia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Liberia (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms