Trade Trend

In 2023, Sierra Leone's total export value is 1.45Billion USD, total import value is 1.86Billion USD, Deficit is -413.92Million USD, and foreign trade dependency is 0.867. In 2023，Sierra Leone's top export products are Iron ores and concentrates; including roasted iron pyrites(889.54Million USD), Titanium ores and concentrates(218.34Million USD), Aluminium ores and concentrates(65.94Million USD), top export destinations are China(1.02Billion USD), Belgium(86.49Million USD), Netherlands(66.76Million USD). In 2023, Sierra Leone's top import products are Rice(155.80Million USD), Electric accumulators, including separators therefor; whether or not rectangular (including square)(69.61Million USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(58.92Million USD), top import origins are China(611.10Million USD), India(271.20Million USD), United States(103.86Million USD).

Comparing to 2022, Sierra Leone's total export value increased 138.27Million USD(10.58%) in 2023, this could result from its export increases of products such as Iron ores and concentrates; including roasted iron pyrites(290.56Million USD or 48.51%), Niobium, tantalum, vanadium or zirconium ores and concentrates(12.73Million USD or 39.00%), Cocoa beans; whole or broken, raw or roasted(5.97Million USD or 12.93%) and export increases to countries/economics such as China(254.51Million USD or 33.29%), Ireland(22.48Million USD or 97.74%), Netherlands(19.43Million USD or 41.05%). Comparing to 2022, Sierra Leone's total import value increased 157.69Million USD(9.27%) in 2023, this could result from its import increases of products such as Electric accumulators, including separators therefor; whether or not rectangular (including square)(63.00Million USD or 954.08%), Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores in solid form, shaping, moulding machinery for solid mineral fuels(38.29Million USD or 322.10%), Overcoats, carcoats, capes, cloaks, anoraks (including skijackets), windcheaters, windjackets and similar articles, mens or boys, other than those of heading no. 6203 (not knitted or crocheted)(22.95Million USD or 120.92Thousands%), and its import increases from countries/economies such as India(73.25Million USD or 37.00%), South Korea(72.18Million USD or 795.13%), China(60.35Million USD or 10.96%).

Cumulated to first 7 months of 2024, Sierra Leone's total export value is 712.80Million USD, total import value is 713.89Million USD, and tradedeficit is -1.10Million USD. Cumulated to first 7 months of 2024, Sierra Leone's top export products are Iron ores and concentrates; including roasted iron pyrites(455.69Million USD), Titanium ores and concentrates(88.74Million USD), Cocoa beans; whole or broken, raw or roasted(38.65Million USD), and top export destinations are China(514.43Million USD), Netherlands(46.00Million USD), Japan(35.55Million USD). Cumulated to first 7 months of 2024, Sierra Leone's top import products are Iron ores and concentrates; including roasted iron pyrites(455.69Million USD), Titanium ores and concentrates(88.74Million USD), Cocoa beans; whole or broken, raw or roasted(38.65Million USD), and top import origins areChina(336.15Million USD), India(93.89Million USD), United States(45.10Million USD).