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2023
Flag → Flag
Exports $306MRnk 2 / 112
2023
Flag → Flag
Top Product $231MSpecial Purpose Ships
2023
Flag → Flag
Exports $43.7MRnk 134 / 223
2023
Flag → Flag
Top Product $14MIron Railway Products
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $772CURRENT US$
Rnk 184 / 195
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

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 25.3%, from $99M in 2018 to $306M in 2023.

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

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.

Comparison: In 2023,  Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 25.3%, from $99M in 2018 to $306M in 2023.

In 2018, 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 2023 to $43.7M in 2018.

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

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

Latest Data

Trade between Liberia (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Liberia - United Kingdom

Flow
Scale

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

During 2023, Liberia had a large net trade with United Kingdom in the exports of Transportation ($231M), Mineral Products ($69.5M), and Machines ($2.79M).

During 2018, United Kingdom had a large net trade with Liberia in the exports of Metals ($17.2M), Mineral Products ($8.67M), and Machines ($6.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia United Kingdom+$5.56MIron Ore
Top Product Potential United Kingdom Liberia+$542kTelephones

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

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

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