Liberia (LBR) and Senegal (SEN) Trade | The Observatory of Economic Complexity

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Liberia-Senegal Trade: In 2023, Liberia exported $723k to Senegal. The main products that Liberia exported to Senegal were Liquid Dispersing Machines ($255k), Large Construction Vehicles ($245k), and Stearic Acid ($65.7k). Over the past 5 years the exports of Liberia to Senegal have decreased at an annualized rate of 7.48%, from $1.07M in 2018 to $723k in 2023.

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

Senegal-Liberia Trade: In 2023, Senegal exported $2.94M to Liberia. The main products that Senegal exported to Liberia were Refined Petroleum ($988k), Non-fillet Frozen Fish ($587k), and Soups and Broths ($286k). Over the past 5 years the exports of Senegal to Liberia have decreased at an annualized rate of 16.2%, from $7.12M in 2018 to $2.94M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $723k to Senegal. The main products exported from Liberia to Senegal were Liquid Dispersing Machines ($255k), Large Construction Vehicles ($245k), and Stearic Acid ($65.7k). During the last 5 years the exports of Liberia to Senegal have decreased at an annualized rate of 7.48%, from $1.07M in 2018 to $723k in 2023.

In 2018, Senegal exported $2.94M to Liberia. The main products exported from Senegal to Liberia were Refined Petroleum ($988k), Non-fillet Frozen Fish ($587k), and Soups and Broths ($286k). During the last 5 years the exports of Senegal to Liberia have decreased at an annualized rate of 16.2%, from $7.12M in 2023 to $2.94M in 2018.

Exports from Liberia () to Senegal () (2023)

Exports from Senegal () to Liberia () (2023)

Latest Data

Trade between Liberia () and Senegal ()

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Liberia than Senegal included United Kingdom ($306M), Germany ($155M), and France ($197M).

In 2023, countries that imported more from Senegal than Liberia included Mali ($1.22B), India ($681M), and Australia ($233M).

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

Comparative Advantage Liberia - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Senegal in the exports of Machines ($500k), Animal and Vegetable Bi-Products ($203k), and Textiles ($8.62k).

During 2018, Senegal had a large net trade with Liberia in the exports of Mineral Products ($988k), Foodstuffs ($687k), and Animal Products ($587k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Senegal+$598kPalm Oil

Top Product Potential Senegal Liberia+$2.44MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Senegal. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Senegal. Similarly, a dot/product with the flag of Senegal indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Senegal () (2023)

Exports from Senegal () to Liberia () (2023)

Latest Data

Trade between Liberia () and Senegal ()

Senegal Exports

Market Competitiveness

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

Comparative Advantage Liberia - Senegal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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