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2022
Flag → Flag
Exports $18.2MRnk 20 / 86
2022
Flag → Flag
Top Product $18.2MRefined Petroleum
2022
Flag → Flag
Exports $60.4kRnk 146 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 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$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

Liberia-Rwanda Trade: In 2022, Liberia exported $18.2M to Rwanda. The main products that Liberia exported to Rwanda were Refined Petroleum ($18.2M) and Rubber Tires ($4.84k). Over the past 6 years the exports of Liberia to Rwanda have increased at an annualized rate of 80%, from $535k in 2016 to $18.2M in 2022.

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

Rwanda-Liberia Trade: In 2022, Rwanda exported $60.4k to Liberia. The main products that Rwanda exported to Liberia were N/A. Over the past 6 years the exports of Rwanda to Liberia have increased at an annualized rate of 62.4%,  from $5.35k in 2016 to $60.4k in 2022.

In 2022, Rwanda 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, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $18.2M to Rwanda. The main products exported from Liberia to Rwanda were Refined Petroleum ($18.2M) and Rubber Tires ($4.84k). During the last 6 years the exports of Liberia to Rwanda have increased at an annualized rate of 80%, from $535k in 2016 to $18.2M in 2022.

In 2016, Rwanda exported $60.4k to Liberia. There were not main exports from Rwanda to Liberia in 2016. During the last 5 years the exports of Rwanda to Liberia have increased at an annualized rate of 62.4%, from $5.35k in 2021 to $60.4k in 2016.

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

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

Latest Data

Trade between Liberia (Flag) and Rwanda (Flag)

Rwanda Exports

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Rwanda
Top DestinationUnited Arab Emirates$568M

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

In 2022, countries that imported more from Liberia than Rwanda included Switzerland ($544M), France ($158M), and Germany ($156M).

In 2022, countries that imported more from Rwanda than Liberia included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

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

Comparative Advantage Liberia - Rwanda

Flow
Scale

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

During 2022, Liberia had a large net trade with Rwanda in the exports of Mineral Products ($18.2M) and Plastics and Rubbers ($4.84k).

During 2016, Rwanda had a large net trade with Liberia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Rwanda+$1.76kGold
Top Product Potential Rwanda Liberia+$1.12kMalt Extract

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 Rwanda. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Rwanda. Similarly, a dot/product with the flag of Rwanda indicates it has a comparative advantage over Liberia.

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

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