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Pricing

2023
Flag → Flag
Exports $1.52MRnk 147 / 205
2023
Flag → Flag
Top Product $230kGas and Liquid Flow Measuring Instruments
2023
Flag → Flag
Exports $55.6kRnk 70 / 112
2023
Flag → Flag
Top Product $16.4kCoconut Oil
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

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.

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 60.9%,  from $15.5M in 2018 to $55.6k in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK18M and imported NOK205k from Liberia, resulting in a positive trade balance of NOK17.8M. Between December 2023 and December 2024 the exports of Norway have increased by NOK16.9M (1.51k%) from NOK1.12M to NOK18M, while imports increased by NOK170k (486%) from NOK35k to NOK205k.

Trade In December 2024, the top exports of Norway to Liberia were Professional, scientific and controlling instruments and... (NOK139k), Miscellaneous manufactured articles, n.e.s. (NOK97k), General industrial machinery and equipment, n.e.s.,... (NOK67k), Rubber manufactures, n.e.s. (NOK21k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK10k). In December 2024 the top imports of Norway from Liberia were Furniture, and parts thereof; bedding, mattresses,... (NOK34k), Coffee, tea, cocoa, spices, and manufactures... (NOK11k), Telecommunications and sound-recording and reproducing apparatus... (NOK3k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In December 2024, the increase in Norway's year-by-year exports to Liberia was explained primarily by an increase in product exports in Professional, scientific and controlling instruments and... (NOK55k or 65.5%), Miscellaneous manufactured articles, n.e.s. (NOK51k or 111%), and Rubber manufactures, n.e.s. (NOK19k or 950%). In December 2024, the increase in Norway's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Furniture, and parts thereof; bedding, mattresses,... (NOK11k or 47.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK16.9M(1.51k%)
IMPORT GROWTH (December 2023 - December 2024)NOK170k(486%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Liberia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.52M in 2023.

In 2018, 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 60.9%, from $15.5M in 2023 to $55.6k in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Liberia
Top DestinationSwitzerland$708M

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

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

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

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

Comparative Advantage Norway - Liberia

Flow
Scale

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

During 2023, Norway had a large net trade with Liberia in the exports of Machines ($836k), Instruments ($343k), and Animal Products ($109k).

During 2018, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Liberia+$121kNon-fillet Frozen Fish
Top Product Potential Liberia Norway+$16.2kRaw Plastic Sheeting

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

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

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