Trade Trend

In 2023, Liberia's total export value is 2.04Billion USD, total import value is 25.71Billion USD, Deficit is -23.66Billion USD, and foreign trade dependency is 6.405. In 2023，Liberia's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(709.00Million USD), Iron ores and concentrates; including roasted iron pyrites(395.16Million USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(272.92Million USD), top export destinations are Switzerland(708.31Million USD), United Kingdom(297.79Million USD), France(197.89Million USD). In 2023, Liberia's top import products are Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(13.71Billion USD), Commodities not specified according to kind(5.42Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.44Billion USD), top import origins are China(9.84Billion USD), Singapore(5.42Billion USD), South Korea(4.04Billion USD).

Comparing to 2022, Liberia's total export value increased 1.84Billion USD(906.11%) in 2023, this could result from its export increases of products such as Cocoa beans; whole or broken, raw or roasted(53.55Million USD or 1.15Thousands%), Natural rubber, balata, guttapercha, guayule, chicle and similar gums; in primary forms or in plates, sheets or strip(46.05Million USD or 40.87%), Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared(16.91Million USD or 3.88Thousands%) and export increases to countries/economics such as Switzerland(708.29Million USD or 3.08Million%), United Kingdom(297.77Million USD or 1.65Million%), France(197.81Million USD or 241.23Thousands%). Comparing to 2022, Liberia's total import value increased 23.79Billion USD(1.24Thousands%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(2.86Billion USD or 491.76%), Machinery parts; not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in this chapter(437.12Million USD or 892.08Thousands%), Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases(341.44Million USD or 12.18Thousands%), and its import increases from countries/economies such as China(9.57Billion USD or 3.63Thousands%), Singapore(5.39Billion USD or 24.18Thousands%), South Korea(4.02Billion USD or 33.87Thousands%).

Cumulated to first 7 months of 2024, Liberia's total export value is 948.37Million USD, total import value is 9.94Billion USD, and tradedeficit is -8.99Billion USD. Cumulated to first 7 months of 2024, Liberia's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(313.28Million USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(280.41Million USD), Iron ores and concentrates; including roasted iron pyrites(104.51Million USD), and top export destinations are Switzerland(313.26Million USD), Germany(123.67Million USD), Denmark(71.17Million USD). Cumulated to first 7 months of 2024, Liberia's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(313.28Million USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(280.41Million USD), Iron ores and concentrates; including roasted iron pyrites(104.51Million USD), and top import origins areChina(4.85Billion USD), South Korea(1.87Billion USD), Singapore(1.60Billion USD).