Norway (NOR) and Liberia (LBR) Trade | The Observatory of Economic Complexity

About

Norway-Liberia In 2022, Norway exported $1.08M to Liberia. The main products that Norway exported to Liberia are Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). During the last 27 years the exports of Norway to Liberia have decreased at an annualized rate of 14.8%, from $81.1M in 1995 to $1.08M in 2022.

In 2022, Norway did not export any services to Liberia.

Liberia-Norway In 2022, Liberia exported $156k to Norway. The main products that Liberia exported to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). During the last 27 years the exports of Liberia to Norway have decreased at an annualized rate of 7.77%, from $1.38M in 1995 to $156k in 2022.

In 2022, Liberia did not export any services to Norway.

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK2.48M and imported NOK1k from Liberia, resulting in a positive trade balance of NOK2.47M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-688k (-21.8%) from NOK3.16M to NOK2.48M, while imports decreased by NOK-4k (-80%) from NOK5k to NOK1k.

Trade In March 2024, the top exports of Norway to Liberia were Telecommunications and sound-recording and reproducing apparatus... (NOK694k), General industrial machinery and equipment, n.e.s.,... (NOK357k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK188k), Office machines and automatic data-processing machines (NOK144k), and Professional, scientific and controlling instruments and... (NOK84k). In March 2024 the top imports of Norway from Liberia were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK58k), Furniture, and parts thereof; bedding, mattresses,... (NOK23k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK12k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In March 2024, the decrease in Norway's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-2.87M or -97.2%), Meat and meat preparations (NOK-126k or -100%), and Essential oils and resinoids and perfume... (NOK-2k or -100%). In March 2024, the decrease in Norway's year-by-year imports from Liberia was explained primarily by an decrease in product imports in Manufactures of metals, n.e.s. (NOK-8k or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-688k(-21.8%)

IMPORT GROWTH (March 2023 - March 2024)NOK-4k(-80%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $1.08M to Liberia. The main products exported from Norway to Liberia were Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). During the last 27 years the exports of Norway to Liberia have decreased at an annualized rate of 14.8%, from $81.1M in 1995 to $1.08M in 2022.

In 2022, Liberia exported $156k to Norway. The main products exported from Liberia to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). During the last 27 years the exports of Liberia to Norway have decreased at an annualized rate of 7.77%, from $1.38M in 1995 to $156k in 2022.

Exports from Norway () to Liberia () (2022)

Exports from Liberia () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Liberia
Top DestinationSwitzerland$544M

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 2021, countries that imported more from Norway than Liberia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Liberia than Norway were Lebanon ($106M), Rwanda ($18.2M), and Tanzania ($41.5M).

Difference in imports from Liberia () and Norway () (2022)

Comparative Advantage Norway - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Liberia in the exports of Instruments ($370k), Animal Products ($267k), and Machines ($257k).

During 2022, Liberia had a large net trade with Norway in the exports of Plastics and Rubbers ($135k), Machines ($6.34k), and Foodstuffs ($6.26k).

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 Norway has comparative advantage over Liberia. Similarly, the more yellow a dot/product is, the more Liberia has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Liberia () (2022)

Exports from Liberia () to Norway () (2022)

Market Competitiveness

Difference in imports from Liberia () and Norway () (2022)

Comparative Advantage Norway - Liberia

Economic Complexity

Competitive Landscape

Product Space of Norway () and Liberia () (2022)

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