2022
Exports
$96.8MWorld Rnk 106 / 214
Flag Rnk 6 / 360
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$4.22BWorld Rnk 62 / 225
Flag Rnk 2 / 995
2022
ECONOMIC COMPLEXITY of Liberia
-1.72Rnk 128 / 133

About

Exports In 2022, Liberia exported $96.8M in Refined Petroleum, making it the 106th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Liberia. The main destination of Refined Petroleum exports from Liberia are: Tanzania ($40.9M), Rwanda ($18.2M), Lebanon ($11.7M), Pakistan ($9.99M), and South Africa ($9.75M).

The fastest growing export markets for Refined Petroleum of Liberia between 2021 and 2022 were Tanzania ($40.8M), Rwanda ($18.1M), and Lebanon ($11.7M).

Imports In 2022, Liberia imported $4.22B in Refined Petroleum, becoming the 62nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Liberia. Liberia imports Refined Petroleum primarily from: China ($3.22B), Brazil ($446M), Greece ($250M), United States ($150M), and Turkey ($82.5M).

The fastest growing import markets in Refined Petroleum for Liberia between 2021 and 2022 were China ($1.31B), Brazil ($135M), and United States ($115M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$96.8M
IMPORTS (2022)$4.22B
NET TRADE (2022)-$4.13B

In 2022, Liberia exported $96.8M in Refined Petroleum. The main destinations of Liberia exports on Refined Petroleum were Tanzania ($40.9M), Rwanda ($18.2M), Lebanon ($11.7M), Pakistan ($9.99M), and South Africa ($9.75M).

In 2022, Liberia imported $4.22B in Refined Petroleum, mainly from China ($3.22B), Brazil ($446M), Greece ($250M), United States ($150M), and Turkey ($82.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Liberia WERE (2021 - 2022):
Tanzania$40.8M (23.5k%)
Rwanda$18.1M (21.2k%)
Lebanon$11.7M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Liberia WERE (2021 - 2022):
Mozambique-$2.85M (-94.1%)
Senegal-$1.91M (-100%)
France-$1.17M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Liberia's main exporting competitors in Refined Petroleum were:
In 2022, Liberia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Africa+ $7.57M
TOP IMPORT POTENTIALUnited States+ $60.5M

Refined Petroleum’s highest export potential is South Africa. With an export gap of $7.57M.   Refined Petroleum’s highest import potential is United States with an import gap of $60.5M.

See methodology.

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