Liberia (LBR) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Liberia-Norway Trade: In 2023, Liberia exported $55.6k to Norway. The main products that Liberia exported to Norway were Coconut Oil ($16.4k), Seats ($8.57k), and Mattresses ($7.42k). Over the past 5 years the exports of Liberia to Norway have decreased at an annualized rate of 67.6%, from $15.5M in 2018 to $55.6k in 2023.

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

Norway-Liberia Trade: In 2023, Norway exported $1.52M to Liberia. The main products that Norway exported to Liberia were Gas and Liquid Flow Measuring Instruments ($230k), Video Recording Equipment ($115k), and Air Pumps ($106k). Over the past 5 years the exports of Norway to Liberia have increased at an annualized rate of 10.5%, from $923k in 2018 to $1.52M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $55.6k to Norway. The main products exported from Liberia to Norway were Coconut Oil ($16.4k), Seats ($8.57k), and Mattresses ($7.42k). During the last 5 years the exports of Liberia to Norway have decreased at an annualized rate of 67.6%, from $15.5M in 2018 to $55.6k in 2023.

In 2018, Norway exported $1.52M to Liberia. The main products exported from Norway to Liberia were Gas and Liquid Flow Measuring Instruments ($230k), Video Recording Equipment ($115k), and Air Pumps ($106k). During the last 5 years the exports of Norway to Liberia have increased at an annualized rate of 10.5%, from $923k in 2023 to $1.52M in 2018.

Exports from Liberia () to Norway () (2023)

Exports from Norway () to Liberia () (2023)

Latest Data

Trade between Liberia () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Liberia than Norway included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

In 2023, countries that imported more from Norway than Liberia included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway () and Liberia () (2023)

Comparative Advantage Liberia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Norway in the exports of Miscellaneous ($22.1k), Animal and Vegetable Bi-Products ($16.4k), and Machines ($11.5k).

During 2018, Norway had a large net trade with Liberia in the exports of Machines ($836k), Instruments ($343k), and Animal Products ($109k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Norway+$16.2kRaw Plastic Sheeting

Top Product Potential Norway Liberia+$121kNon-fillet Frozen Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Norway () (2023)

Exports from Norway () to Liberia () (2023)

Latest Data

Trade between Liberia () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Liberia () (2023)

Comparative Advantage Liberia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Norway () (2023)

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