2023
Flag  
GDP
$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 22 / 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 
$12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC
$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH
8.6%CURRENT US$
Rnk 138 / 195

About

China-Liberia Trade: In 2023, China exported $6.48B to Liberia. The main products that China exported to Liberia were Passenger and Cargo Ships ($5.22B), Refined Petroleum ($547M), and Centrifuges ($71.9M). Over the past 5 years the exports of China to Liberia have increased at an annualized rate of 39.6%, from $1.22B in 2018 to $6.48B in 2023.

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

Liberia-China Trade: In 2023, Liberia exported $85.4M to China. The main products that Liberia exported to China were Iron Ore ($47.7M), Rough Wood ($14.3M), and Titanium Ore ($14.2M). Over the past 5 years the exports of Liberia to China have decreased at an annualized rate of 1.9%,  from $94M in 2018 to $85.4M in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $6.48B to Liberia. The main products exported from China to Liberia were Passenger and Cargo Ships ($5.22B), Refined Petroleum ($547M), and Centrifuges ($71.9M). During the last 5 years the exports of China to Liberia have increased at an annualized rate of 39.6%, from $1.22B in 2018 to $6.48B in 2023.

In 2018, Liberia exported $85.4M to China. The main products exported from Liberia to China were Iron Ore ($47.7M), Rough Wood ($14.3M), and Titanium Ore ($14.2M). During the last 5 years the exports of Liberia to China have decreased at an annualized rate of 1.9%, from $94M in 2023 to $85.4M in 2018.

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

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

Market Competitiveness

Color
China
Top Destination
United States$436B
Liberia
Top Destination
Switzerland$708M

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

In 2023, countries that imported more from China than Liberia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Liberia than from China.

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

Comparative Advantage China - Liberia

Flow
Scale

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

During 2023, China had a large net trade with Liberia in the exports of Transportation ($5.3B), Mineral Products ($551M), and Machines ($271M).

During 2018, Liberia had a large net trade with China in the exports of Mineral Products ($68.6M), Wood Products ($14.3M), and Plastics and Rubbers ($1.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Liberia+$9.4MTelephones
Top Product Potential Liberia China+$2.87MRough Wood

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 China and Liberia. This means that a dot/product with the flag of China indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over China.

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

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