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2023
Flag → Flag
Exports $22.2MRnk 132 / 215
2023
Flag → Flag
Top Product $4.87MStone Processing Machines
2023
Flag → Flag
Exports $29MRnk 18 / 112
2023
Flag → Flag
Top Product $26.5MRubber
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%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).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$1.52M and imported C$1.31M from Liberia, resulting in a positive trade balance of C$210k. Between November 2023 and November 2024 the exports of Canada have increased by C$887k (141%) from C$629k to C$1.52M, while imports decreased by C$-745k (-36.3%) from C$2.05M to C$1.31M.

Trade In November 2024, the top exports of Canada to Liberia were Stone Processing Machines (C$73.1k), Poultry Meat (C$40.2k), Other Footwear (C$40.1k), Used Clothing (C$20.6k), and Cutlery Sets (C$6.08k). In November 2024 the top imports of Canada from Liberia were Rubber (C$1.58M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$975k), Quebec (C$484k), and British Columbia (C$56k), while imports destinations were mainly Ontario (C$835k), Quebec (C$469k), and British Columbia (C$2.45k).

Growth In November 2024, the increase in Canada's year-by-year exports to Liberia was explained primarily by an increase in product exports in Stone Processing Machines (C$34.9k or 91.5%) and Used Clothing (C$1.24k or 6.39%). In November 2024, the decrease in Canada's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in Rubber (C$-705k or -30.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$887k(141%)
IMPORT GROWTH (November 2023 - November 2024)C$-745k(-36.3%)
MAIN EXPORTER (November 2024)OntarioC$975k

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Canada Data

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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 DestinationUnited States$410B
Liberia
Top DestinationSwitzerland$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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