United States (USA) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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United States (USA) and Liberia (LBR) Trade

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About

In N/A, United States did not export any services to Liberia.

Liberia-United States In N/A, Liberia exported $89.6M to United States. The main products that Liberia exported to United States were Rubber ($87.3M), Gold ($567k), and Palm Oil ($414k). During the last N/A years the exports of Liberia to United States have increased at an annualized rate of 9.04%, from $8.64M in N/A to $89.6M in N/A.

In N/A, Liberia did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Liberia ranked 144 in total exports ($1.96B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $15.3M and imported $4.09M from Liberia, resulting in a positive trade balance of $11.2M. Between January 2023 and January 2024 the exports of United States have increased by $886k (6.16%) from $14.4M to $15.3M, while imports increased by $925k (29.2%) from $3.17M to $4.09M.

Trade In January 2024, the top exports of United States to Liberia were Refined Petroleum ($8.85M), Plastic Housewares ($884k), Cars ($670k), Commodities not elsewhere specified ($612k), and Used Clothing ($595k). In January 2024 the top imports of United States from Liberia were Rubber ($2.7M), Sculptures ($189k), Machinery Having Individual Functions ($122k), Blank Audio Media ($84.4k), and Palm Oil ($52.4k).

Origins In January 2024 the exports of United States were mainly from Texas ($9.23M), Pennsylvania ($1.16M), Illinois ($744k), Maryland ($742k), and Georgia ($623k), while imports destinations were mainly Tennessee ($3.15M), Virginia ($873k), South Carolina ($34.5k), and Oregon ($31k).

Growth In January 2024, the increase in United States's year-by-year exports to Liberia was explained primarily by an increase in product exports in Refined Petroleum ($8.85M or 323k%), Plastic Housewares ($593k or 204%), and Medical Instruments ($446k or 2.99k%). In January 2024, the increase in United States's year-by-year imports from Liberia was explained primarily by an increase in product imports in Sculptures ($167k or 728%), Palm Oil ($33.2k or 174%), and Blank Audio Media ($32.7k or 63.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$886k(6.16%)

IMPORT GROWTH (January 2023 - January 2024)$925k(29.2%)

MAIN EXPORTER (January 2024)Texas$9.23M

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

To check Liberia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

United States does not register exports to Liberia. The main products exported from United States to Liberia were Refined Petroleum ($150M), Cars ($10.2M), and Iron Pipes ($8.49M).

In 2022, Liberia exported $89.6M to United States. The main products exported from Liberia to United States were Rubber ($87.3M), Gold ($567k), and Palm Oil ($414k). During the last 27 years the exports of Liberia to United States have increased at an annualized rate of 9.04%, from $8.64M in 1995 to $89.6M in 2022.

Exports from United States () to Liberia () (2022)

Exports from Liberia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Liberia
Top DestinationSwitzerland$544M

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

In 2021, countries that imported more from United States than Liberia were Canada ($308B), Mexico ($294B), and China ($151B).

In 2019, no countries were registered that imported more from Liberia than from United States.

Difference in imports from Liberia () and United States () (2022)

Comparative Advantage United States - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with United States in the exports of Plastics and Rubbers ($87.3M), Precious Metals ($901k), and Animal and Vegetable Bi-Products ($452k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Liberia. Similarly, the more yellow a dot/product is, the more Liberia has comparative advantage over United States.

Product Space of United States () and Liberia () (2022)

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