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2023
Flag → Flag
Exports $2.82BRnk 33 / 211
2023
Flag → Flag
Top Product $2.74BPassenger and Cargo Ships
2023
Flag → Flag
Exports $22.5kRnk 77 / 112
2023
Flag → Flag
Top Product $17.9kBoat Propellers
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 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 $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Japan-Liberia Trade: In 2023, Japan exported $2.82B to Liberia. The main products that Japan exported to Liberia were Passenger and Cargo Ships ($2.74B), Delivery Trucks ($25.3M), and Cars ($21.3M). Over the past 5 years the exports of Japan to Liberia have increased at an annualized rate of 19.2%, from $1.17B in 2018 to $2.82B in 2023.

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

Liberia-Japan Trade: In 2023, Liberia exported $22.5k to Japan. The main products that Liberia exported to Japan were Boat Propellers ($17.9k) and Scrap Iron ($4.61k). Over the past 5 years the exports of Liberia to Japan have decreased at an annualized rate of 79.3%,  from $59.5M in 2018 to $22.5k in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥956M and imported ¥82.2M from Liberia, resulting in a positive trade balance of ¥874M. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-35.5B (-97.4%) from ¥36.5B to ¥956M, while imports increased by ¥81.8M (20.1k%) from ¥408k to ¥82.2M.

Trade In November 2024, the top exports of Japan to Liberia were Passenger and Cargo Ships (¥34.4B), Engine Parts (¥125M), Transmissions (¥55.3M), Liquid Pumps (¥35.5M), and Excavation Machinery (¥15.8M). In November 2024 the top imports of Japan from Liberia were Commodities not elsewhere specified (¥315k).

Origins In November 2024 the exports of Japan were mainly from Osaka (¥883M), Chiba (¥39.1M), Hyōgo (¥15.5M), Fukuoka (¥9.57M), and Shizuoka (¥7.91M), while imports destinations were mainly N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-35.5B(-97.4%)
IMPORT GROWTH (November 2023 - November 2024)¥81.8M(20.1k%)
MAIN EXPORTER (November 2024)Osaka¥883M

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $2.82B to Liberia. The main products exported from Japan to Liberia were Passenger and Cargo Ships ($2.74B), Delivery Trucks ($25.3M), and Cars ($21.3M). During the last 5 years the exports of Japan to Liberia have increased at an annualized rate of 19.2%, from $1.17B in 2018 to $2.82B in 2023.

In 2018, Liberia exported $22.5k to Japan. The main products exported from Liberia to Japan were Boat Propellers ($17.9k) and Scrap Iron ($4.61k). During the last 5 years the exports of Liberia to Japan have decreased at an annualized rate of 79.3%, from $59.5M in 2023 to $22.5k in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Japan than Liberia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Liberia

Flow
Scale

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

During 2023, Japan had a large net trade with Liberia in the exports of Transportation ($2.79B), Machines ($21.5M), and Plastics and Rubbers ($2.37M).

During 2018, Liberia had a large net trade with Japan in the exports of Machines ($17.9k) and Metals ($4.61k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Liberia+$6.3MRefined Petroleum
Top Product Potential Liberia Japan+$507kScrap Copper

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

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

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