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

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United States (USA) and Liberia (LBR) Trade

2022

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Exports $247MRnk 127 / 219

2022

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About

United States-Liberia In 2022, United States exported $247M to Liberia. The main products that United States exported to Liberia are Refined Petroleum ($150M), Cars ($10.2M), and Iron Pipes ($8.49M). During the last 27 years the exports of United States to Liberia have increased at an annualized rate of 7.19%, from $37.9M in 1995 to $247M in 2022.

In 2022, United States did not export any services to Liberia.

Liberia-United States In 2022, 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 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.

In 2022, Liberia did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

COMPANIES In 2023, leading companies such as CONTINENTAL TIRE THE AMERICAS LLC (1) were at the forefront of exporting goods from Liberia to the United States. Conversely, were notable for importing Liberia products to the United States.

Latest Trends

February, 2024

About

Overview In February 2024, United States exported $15.7M and imported $2.23M from Liberia, resulting in a positive trade balance of $13.4M. Between February 2023 and February 2024 the exports of United States have decreased by $-232k (-1.46%) from $15.9M to $15.7M, while imports decreased by $-2.59M (-53.7%) from $4.82M to $2.23M.

Trade In February 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 February 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 February 2024 the exports of United States were mainly from Texas ($8.73M), South Carolina ($1.7M), Pennsylvania ($778k), Arkansas ($685k), and Maryland ($501k), while imports destinations were mainly Tennessee ($2.07M), Florida ($81.1k), Minnesota ($18.8k), New Jersey ($18.8k), and Illinois ($15k).

Growth In February 2024, the decrease in United States's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Porcelain Tableware ($-302k or -88.6%), Cars ($-222k or -24.9%), and Motor vehicles; parts and accessories (8701... ($-58.6k or -28.3%). In February 2024, the decrease in United States's year-by-year imports from Liberia was explained primarily by an decrease in product imports in Rubber ($-5.69M or -67.8%) and Commodities not elsewhere specified ($-25.1k or -61.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-232k(-1.46%)

IMPORT GROWTH (February 2023 - February 2024)$-2.59M(-53.7%)

MAIN EXPORTER (February 2024)Texas$8.73M

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

In 2022, United States exported $247M to Liberia. The main products exported from United States to Liberia were Refined Petroleum ($150M), Cars ($10.2M), and Iron Pipes ($8.49M). During the last 27 years the exports of United States to Liberia have increased at an annualized rate of 7.19%, from $37.9M in 1995 to $247M in 2022.

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, United States had a large net trade with Liberia in the exports of Mineral Products ($150M), Metals ($16.3M), and Plastics and Rubbers ($15.9M).

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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