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2022
Flag → Flag
Exports $950kRnk 39 / 86
2022
Flag → Flag
Top Product $329kCars
2022
Flag → Flag
Exports $1.06MRnk 103 / 166
2022
Flag → Flag
Top Product $287kUncoated Paper
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Liberia-Nigeria Trade: In 2022, Liberia exported $950k to Nigeria. The main products that Liberia exported to Nigeria were Cars ($329k), Soldering and Welding Machinery ($95.1k), and Large Construction Vehicles ($91.6k). Over the past 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 21.3%, from $3.15M in 2017 to $950k in 2022.

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

Nigeria-Liberia Trade: In 2022, Nigeria exported $1.06M to Liberia. The main products that Nigeria exported to Liberia were Uncoated Paper ($287k), Hair Products ($184k), and Beer ($93k). Over the past 5 years the exports of Nigeria to Liberia have decreased at an annualized rate of 9.81%,  from $1.77M in 2017 to $1.06M in 2022.

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

Comparison: In 2022,  Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $950k to Nigeria. The main products exported from Liberia to Nigeria were Cars ($329k), Soldering and Welding Machinery ($95.1k), and Large Construction Vehicles ($91.6k). During the last 5 years the exports of Liberia to Nigeria have decreased at an annualized rate of 21.3%, from $3.15M in 2017 to $950k in 2022.

In 2017, Nigeria exported $1.06M to Liberia. The main products exported from Nigeria to Liberia were Uncoated Paper ($287k), Hair Products ($184k), and Beer ($93k). During the last 5 years the exports of Nigeria to Liberia have decreased at an annualized rate of 9.81%, from $1.77M in 2022 to $1.06M in 2017.

Exports from Liberia (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Liberia (Flag) (2022)

Latest Data

Trade between Liberia (Flag) and Nigeria (Flag)

Nigeria Exports

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Nigeria
Top DestinationSpain$9.41B

This map shows whether countries import more from Liberia or Nigeria. Each country is colored based on the difference in imports they receive from Liberia and Nigeria or the difference in the growth in imports.

In 2022, countries that imported more from Liberia than Nigeria included Lebanon ($106M), Cyprus ($53.7M), and Tanzania ($41.5M).

In 2022, countries that imported more from Nigeria than Liberia included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Nigeria

Flow
Scale

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

During 2022, Liberia had a large net trade with Nigeria in the exports of Transportation ($493k), Machines ($346k), and Metals ($34.5k).

During 2017, Nigeria had a large net trade with Liberia in the exports of Paper Goods ($323k), Chemical Products ($311k), and Foodstuffs ($195k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Nigeria+$242kCars
Top Product Potential Nigeria Liberia+$124kNitrogenous Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Liberia and Nigeria. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Liberia.

Product Space of Liberia (Flag) and Nigeria (Flag) (2022)

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