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2023
Flag → Flag
Exports $1.16MRnk 35 / 112
2023
Flag → Flag
Top Product $458kMedical Instruments
2023
Flag → Flag
Exports $11MRnk 69 / 159
2023
Flag → Flag
Top Product $2.87MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 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$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Liberia-Nigeria Trade: In 2023, Liberia exported $1.16M to Nigeria. The main products that Liberia exported to Nigeria were Medical Instruments ($458k), Cars ($331k), and Delivery Trucks ($66.5k). Over the past 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 19.3%, from $3.39M in 2018 to $1.16M in 2023.

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

Nigeria-Liberia Trade: In 2023, Nigeria exported $11M to Liberia. The main products that Nigeria exported to Liberia were Passenger and Cargo Ships ($2.87M), Electrical Transformers ($2.65M), and Work Trucks ($1.53M). Over the past 5 years the exports of Nigeria to Liberia have increased at an annualized rate of 14%,  from $5.73M in 2018 to $11M in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Liberia exported $1.16M to Nigeria. The main products exported from Liberia to Nigeria were Medical Instruments ($458k), Cars ($331k), and Delivery Trucks ($66.5k). During the last 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 19.3%, from $3.39M in 2018 to $1.16M in 2023.

In 2018, Nigeria exported $11M to Liberia. The main products exported from Nigeria to Liberia were Passenger and Cargo Ships ($2.87M), Electrical Transformers ($2.65M), and Work Trucks ($1.53M). During the last 5 years the exports of Nigeria to Liberia have increased at an annualized rate of 14%, from $5.73M in 2023 to $11M in 2018.

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

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

Latest Data

Trade between Liberia (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$708M
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Liberia than Nigeria included Lebanon ($105M), Tanzania ($38M), and Cyprus ($18.6M).

In 2023, countries that imported more from Nigeria than Liberia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Liberia - Nigeria

Flow
Scale

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

During 2023, Liberia had a large net trade with Nigeria in the exports of Transportation ($538k), Instruments ($500k), and Animal and Vegetable Bi-Products ($40.5k).

During 2018, Nigeria had a large net trade with Liberia in the exports of Transportation ($4.95M), Machines ($3.34M), and Chemical Products ($703k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Nigeria+$242kCars
Top Product Potential Nigeria Liberia+$124kNitrogenous Fertilizers

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

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

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