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2023
Flag → Flag
Exports $43.7MRnk 134 / 223
2023
Flag → Flag
Top Product $14MIron Railway Products
2023
Flag → Flag
Exports $306MRnk 2 / 112
2023
Flag → Flag
Top Product $231MSpecial Purpose Ships
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

United Kingdom-Liberia Trade: In 2023, United Kingdom exported $43.7M to Liberia. The main products that United Kingdom exported to Liberia were Iron Railway Products ($14M), Refined Petroleum ($8.64M), and Excavation Machinery ($2.82M). Over the past 5 years the exports of United Kingdom to Liberia have increased at an annualized rate of 11.8%, from $25M in 2018 to $43.7M in 2023.

In 2023, United Kingdom did not export any services to Liberia.

Liberia-United Kingdom Trade: In 2023, Liberia exported $306M to United Kingdom. The main products that Liberia exported to United Kingdom were Special Purpose Ships ($231M), Refined Petroleum ($35.7M), and Iron Ore ($33.8M). Over the past 5 years the exports of Liberia to United Kingdom have increased at an annualized rate of 20.7%,  from $99M in 2018 to $306M in 2023.

In 2023, Liberia did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £1.27M and imported £41.1M from Liberia, resulting in a negative trade balance of £39.9M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £662k (109%) from £608k to £1.27M, while imports increased by £41M (25k%) from £164k to £41.1M.

Trade In November 2024, the top exports of United Kingdom to Liberia were Refined Petroleum (£16.2M), Iron Railway Products (£1.44M), Poultry Meat (£183k), Excavation Machinery (£155k), and Edible Offal (£41.5k). In November 2024 the top imports of United Kingdom from Liberia were Iron Ore (£3M), Cheese (£158k), Plastic Lids (£153k), Aluminium Structures (£136k), and Tropical Fruits (£95k).

Origins In November 2024 the exports of United Kingdom were mainly from London (£622k), London Gateway (£450k), London Heathrow Airport (£83.4k), Felixstowe (£59.2k), and East Midlands Airport (£30.4k), while imports destinations were mainly Liverpool (£40.8M), Felixstowe (£224k), Southampton (£94.6k), and London Heathrow Airport (£57.2k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Liberia was explained primarily by an increase in product exports in Excavation Machinery (£124k or 394%) and Poultry Meat (£18k or 10.9%). In November 2024, the increase in United Kingdom's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£662k(109%)
IMPORT GROWTH (November 2023 - November 2024)£41M(25k%)
MAIN EXPORTER (November 2024)London£622k

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

To check Liberia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $43.7M to Liberia. The main products exported from United Kingdom to Liberia were Iron Railway Products ($14M), Refined Petroleum ($8.64M), and Excavation Machinery ($2.82M). During the last 5 years the exports of United Kingdom to Liberia have increased at an annualized rate of 11.8%, from $25M in 2018 to $43.7M in 2023.

In 2018, Liberia exported $306M to United Kingdom. The main products exported from Liberia to United Kingdom were Special Purpose Ships ($231M), Refined Petroleum ($35.7M), and Iron Ore ($33.8M). During the last 5 years the exports of Liberia to United Kingdom have increased at an annualized rate of 20.7%, from $99M in 2023 to $306M in 2018.

Exports from United Kingdom (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from United Kingdom than Liberia included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Liberia (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Liberia

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Liberia in the exports of Metals ($17.2M), Mineral Products ($8.67M), and Machines ($6.9M).

During 2018, Liberia had a large net trade with United Kingdom in the exports of Transportation ($231M), Mineral Products ($69.5M), and Machines ($2.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Liberia+$542kTelephones
Top Product Potential Liberia United Kingdom+$5.56MIron 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 United Kingdom and Liberia. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Liberia (Flag) (2023)

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