Nigeria (NGA) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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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.

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 10.2%, from $3.39M in 2018 to $1.16M in 2023.

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

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $11M in 2023.

In 2018, 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 10.2%, from $3.39M in 2023 to $1.16M in 2018.

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

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

Latest Data

Trade between Nigeria () and Liberia ()

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Liberia
Top DestinationSwitzerland$708M

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

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

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

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

Comparative Advantage Nigeria - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Liberia in the exports of Transportation ($4.95M), Machines ($3.34M), and Chemical Products ($703k).

During 2018, Liberia had a large net trade with Nigeria in the exports of Transportation ($538k), Instruments ($500k), and Animal and Vegetable Bi-Products ($40.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Liberia+$124kNitrogenous Fertilizers

Top Product Potential Liberia Nigeria+$242kCars

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Nigeria () and Liberia ()

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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