Liberia (LBR) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Liberia-Australia Trade: In 2022, Liberia exported $19.9k to Australia. The main products that Liberia exported to Australia were Palm Oil ($17.9k), Brochures ($1.11k), and Compasses ($826). Over the past 5 years the exports of Liberia to Australia have decreased at an annualized rate of 45.6%, from $416k in 2017 to $19.9k in 2022.

In 2022, Liberia did not export any services to Australia.

Australia-Liberia Trade: In 2022, Australia exported $2.53M to Liberia. The main products that Australia exported to Liberia were Stone Processing Machines ($1.42M), Surveying Equipment ($381k), and Electrical Resistors ($276k). Over the past 5 years the exports of Australia to Liberia have increased at an annualized rate of 24.5%, from $845k in 2017 to $2.53M in 2022.

In 2022, Australia did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $19.9k to Australia. The main products exported from Liberia to Australia were Palm Oil ($17.9k), Brochures ($1.11k), and Compasses ($826). During the last 5 years the exports of Liberia to Australia have decreased at an annualized rate of 45.6%, from $416k in 2017 to $19.9k in 2022.

In 2017, Australia exported $2.53M to Liberia. The main products exported from Australia to Liberia were Stone Processing Machines ($1.42M), Surveying Equipment ($381k), and Electrical Resistors ($276k). During the last 5 years the exports of Australia to Liberia have increased at an annualized rate of 24.5%, from $845k in 2022 to $2.53M in 2017.

Exports from Liberia () to Australia () (2022)

Exports from Australia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Liberia than Australia included Lebanon ($106M) and Cyprus ($53.7M).

In 2022, countries that imported more from Australia than Liberia included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and Liberia () (2022)

Comparative Advantage Liberia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Australia in the exports of Animal and Vegetable Bi-Products ($17.9k), Paper Goods ($1.11k), and Instruments ($826).

During 2017, Australia had a large net trade with Liberia in the exports of Machines ($1.82M), Instruments ($406k), and Metals ($110k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Australia+$67.3kPalm Oil

Top Product Potential Australia Liberia+$64.3kMotor vehicles; parts and accessories (8701 to 8705)

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

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Australia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Australia () (2022)

Exports from Australia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Australia ()

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Liberia () (2022)

Comparative Advantage Liberia - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Australia () (2022)

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