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Pricing

2023
Flag → Flag
Exports $1.11BRnk 70 / 220
2023
Flag → Flag
Top Product $1.07BPassenger and Cargo Ships
2023
Flag → Flag
Exports $155MRnk 4 / 112
2023
Flag → Flag
Top Product $85.9MIron Ore
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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 $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Germany-Liberia Trade: In 2023, Germany exported $1.11B to Liberia. The main products that Germany exported to Liberia were Passenger and Cargo Ships ($1.07B), Cranes ($10.7M), and Edible Offal ($2.86M). Over the past 5 years the exports of Germany to Liberia have increased at an annualized rate of 29.6%, from $303M in 2018 to $1.11B in 2023.

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

Liberia-Germany Trade: In 2023, Liberia exported $155M to Germany. The main products that Liberia exported to Germany were Iron Ore ($85.9M), Passenger and Cargo Ships ($52.9M), and Rubber ($13.4M). Over the past 5 years the exports of Liberia to Germany have increased at an annualized rate of 1.46%,  from $145M in 2018 to $155M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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, Germany exported €1.2M and imported €6.5M from Liberia, resulting in a negative trade balance of €5.3M. Between November 2023 and November 2024 the exports of Germany have decreased by €-31.1M (-96.3%) from €32.3M to €1.2M, while imports increased by €2.03M (45.3%) from €4.47M to €6.5M.

Trade In November 2024, the top exports of Germany to Liberia were Ships and boats (€19.1M), Machinery for mining, quarrying and construction (€378k), Other machinery (€249k), Meat and meat products (€207k), and Cereal products, excl. rice products (€89k). In November 2024 the top imports of Germany from Liberia were Iron ores (€10.8M), Crude rubber (€1M), Jewellery, goldsmith's or silversmith's wares (€740k), Round wood (€23k), and Other raw materials inclusive waste (€12k).

Origins In November 2024 the exports of Germany were mainly from Hamburg (€608k), North Rhine-Westphalia (€183k), Lower Saxony (€97k), Bavaria (€80k), and Baden-Württemberg (€52k), while imports destinations were mainly Bremen (€4.73M), Hesse (€792k), Lower Saxony (€572k), Saarland (€140k), and Hamburg (€138k).

Growth In November 2024, the decrease in Germany's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Ships and boats (€-62.5M or -76.6%), Other articles of iron, iron sheet,... (€-1.68M or -100%), and Meat and meat products (€-229k or -52.5%). In November 2024, the increase in Germany's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Iron ores (€3.13M or 41%), Crude rubber (€697k or 230%), and Other raw materials inclusive waste (€5k or 71.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-31.1M(-96.3%)
IMPORT GROWTH (November 2023 - November 2024)€2.03M(45.3%)
MAIN EXPORTER (November 2024)Hamburg€608k

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $1.11B to Liberia. The main products exported from Germany to Liberia were Passenger and Cargo Ships ($1.07B), Cranes ($10.7M), and Edible Offal ($2.86M). During the last 5 years the exports of Germany to Liberia have increased at an annualized rate of 29.6%, from $303M in 2018 to $1.11B in 2023.

In 2018, Liberia exported $155M to Germany. The main products exported from Liberia to Germany were Iron Ore ($85.9M), Passenger and Cargo Ships ($52.9M), and Rubber ($13.4M). During the last 5 years the exports of Liberia to Germany have increased at an annualized rate of 1.46%, from $145M in 2023 to $155M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Germany than Liberia included United States ($157B), France ($118B), and Netherlands ($108B).

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

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

Comparative Advantage Germany - Liberia

Flow
Scale

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

During 2023, Germany had a large net trade with Liberia in the exports of Transportation ($1.08B), Machines ($16.5M), and Animal Products ($3.73M).

During 2018, Liberia had a large net trade with Germany in the exports of Mineral Products ($86.1M), Transportation ($52.9M), and Plastics and Rubbers ($13.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Liberia+$1.77MVaccines, blood, antisera, toxins and cultures
Top Product Potential Liberia Germany+$6.63MIron Ore

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

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

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