2022
Flag  
GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Liberia-Belgium Trade: In 2022, Liberia exported $23.8M to Belgium. The main products that Liberia exported to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). Over the past 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%, from $9.87M in 2017 to $23.8M in 2022.

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

Belgium-Liberia Trade: In 2022, Belgium exported $49M to Liberia. The main products that Belgium exported to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). Over the past 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%,  from $20.2M in 2017 to $49M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $23.8M to Belgium. The main products exported from Liberia to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). During the last 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%, from $9.87M in 2017 to $23.8M in 2022.

In 2017, Belgium exported $49M to Liberia. The main products exported from Belgium to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). During the last 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%, from $20.2M in 2022 to $49M in 2017.

Exports from Liberia (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Liberia (Flag) (2022)

Latest Data

Trade between Liberia (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Liberia
Top Destination
Switzerland$544M
Belgium
Top Destination
Germany$91.9B

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

In 2022, no countries were registered that imported more from Liberia than from Belgium.

In 2022, countries that imported more from Belgium than Liberia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Belgium

Flow
Scale

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

During 2022, Liberia had a large net trade with Belgium in the exports of Mineral Products ($14.4M), Precious Metals ($8.53M), and Foodstuffs ($304k).

During 2017, Belgium had a large net trade with Liberia in the exports of Transportation ($20M), Mineral Products ($13.6M), and Chemical Products ($4.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Belgium+$2.92MDiamonds
Top Product Potential Belgium Liberia+$14MRefined Petroleum

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

Product Space of Liberia (Flag) and Belgium (Flag) (2022)

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