Liberia (LBR) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Liberia-Canada Trade: In 2022, Liberia exported $22.5M to Canada. The main products that Liberia exported to Canada were Rubber ($22.5M), Palm Oil ($20.1k), and Sawn Wood ($11.3k). Over the past 5 years the exports of Liberia to Canada have decreased at an annualized rate of 3%, from $26.3M in 2017 to $22.5M in 2022.

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

Canada-Liberia Trade: In 2022, Canada exported $9.42M to Liberia. The main products that Canada exported to Liberia were Interchangeable Tool Parts ($1.55M), Other Steel Bars ($1.46M), and Excavation Machinery ($1.37M). Over the past 5 years the exports of Canada to Liberia have increased at an annualized rate of 15.3%, from $3.02M in 2017 to $9.42M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $22.5M to Canada. The main products exported from Liberia to Canada were Rubber ($22.5M), Palm Oil ($20.1k), and Sawn Wood ($11.3k). During the last 5 years the exports of Liberia to Canada have decreased at an annualized rate of 3%, from $26.3M in 2017 to $22.5M in 2022.

In 2017, Canada exported $9.42M to Liberia. The main products exported from Canada to Liberia were Interchangeable Tool Parts ($1.55M), Other Steel Bars ($1.46M), and Excavation Machinery ($1.37M). During the last 5 years the exports of Canada to Liberia have increased at an annualized rate of 15.3%, from $3.02M in 2022 to $9.42M in 2017.

Exports from Liberia () to Canada () (2022)

Exports from Canada () to Liberia () (2022)

Latest Data

Trade between Liberia () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Liberia than Canada included Cyprus ($53.7M) and Rwanda ($18.2M).

In 2022, countries that imported more from Canada than Liberia included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Liberia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Canada in the exports of Plastics and Rubbers ($22.5M), Animal and Vegetable Bi-Products ($20.1k), and Wood Products ($11.3k).

During 2017, Canada had a large net trade with Liberia in the exports of Machines ($3.52M), Metals ($3.38M), and Animal Products ($783k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Canada+$149kPalm Oil

Top Product Potential Canada Liberia+$1.01MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Canada () (2022)

Exports from Canada () to Liberia () (2022)

Latest Data

Trade between Liberia () and Canada ()

Canada Exports

Market Competitiveness

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

Comparative Advantage Liberia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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