2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH
33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH
8.6%CURRENT US$
Rnk 138 / 195

About

Canada-Liberia Trade: In 2023, Canada exported $22.2M to Liberia. The main products that Canada exported to Liberia were Stone Processing Machines ($4.87M), Centrifuges ($4.35M), and Navigation Equipment ($2.66M). Over the past 5 years the exports of Canada to Liberia have increased at an annualized rate of 19.2%, from $9.25M in 2018 to $22.2M in 2023.

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

Liberia-Canada Trade: In 2023, Liberia exported $29M to Canada. The main products that Liberia exported to Canada were Rubber ($26.5M), Party Decorations ($1.39M), and Stone Processing Machines ($1.07M). Over the past 5 years the exports of Liberia to Canada have increased at an annualized rate of 3.76%,  from $24.1M in 2018 to $29M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $22.2M to Liberia. The main products exported from Canada to Liberia were Stone Processing Machines ($4.87M), Centrifuges ($4.35M), and Navigation Equipment ($2.66M). During the last 5 years the exports of Canada to Liberia have increased at an annualized rate of 19.2%, from $9.25M in 2018 to $22.2M in 2023.

In 2018, Liberia exported $29M to Canada. The main products exported from Liberia to Canada were Rubber ($26.5M), Party Decorations ($1.39M), and Stone Processing Machines ($1.07M). During the last 5 years the exports of Liberia to Canada have increased at an annualized rate of 3.76%, from $24.1M in 2023 to $29M in 2018.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Liberia
Top Destination
Switzerland$708M

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

In 2023, countries that imported more from Canada than Liberia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Liberia than Canada included Lebanon ($105M), Eswatini ($1.37M), and North Korea ($38.5k).

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

Comparative Advantage Canada - Liberia

Flow
Scale

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

During 2023, Canada had a large net trade with Liberia in the exports of Machines ($16M), Transportation ($1.74M), and Foodstuffs ($1.57M).

During 2018, Liberia had a large net trade with Canada in the exports of Plastics and Rubbers ($26.5M), Miscellaneous ($1.39M), and Machines ($1.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Liberia+$1.01MCars
Top Product Potential Liberia Canada+$149kPalm Oil

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.

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Economic Complexity

Competitive Landscape

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

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

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