Nepal (NPL) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Nepal-Liberia Trade: In 2022, Nepal exported $19.5k to Liberia. The main products that Nepal exported to Liberia were Vaccines, blood, antisera, toxins and cultures ($19.5k). Over the past 7 years the exports of Nepal to Liberia have increased at an annualized rate of 52.3%, from $1.03k in 2015 to $19.5k in 2022.

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

Liberia-Nepal Trade: In 2022, Liberia exported $536k to Nepal. The main products that Liberia exported to Nepal were N/A. Over the past 7 years the exports of Liberia to Nepal have decreased at an annualized rate of 28.2%, from $5.47M in 2015 to $536k in 2022.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $19.5k to Liberia. The main products exported from Nepal to Liberia were Vaccines, blood, antisera, toxins and cultures ($19.5k). During the last 7 years the exports of Nepal to Liberia have increased at an annualized rate of 52.3%, from $1.03k in 2015 to $19.5k in 2022.

In 2016, Liberia exported $536k to Nepal. There were not main exports from Liberia to Nepal in 2016. During the last 5 years the exports of Liberia to Nepal have decreased at an annualized rate of 28.2%, from $5.47M in 2021 to $536k in 2016.

Exports from Nepal () to Liberia () (2022)

Exports from Liberia () to Nepal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Nepal than Liberia included India ($956M), United States ($152M), and Singapore ($25.5M).

In 2022, countries that imported more from Liberia than Nepal included Switzerland ($544M), France ($158M), and Poland ($124M).

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

Comparative Advantage Nepal - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Liberia in the exports of Chemical Products ($19.5k).

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Liberia+$8.63kVaccines, blood, antisera, toxins and cultures

Top Product Potential Liberia Nepal+$3.3kGold

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Liberia () (2022)

Exports from Liberia () to Nepal () (2022)

Market Competitiveness

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

Comparative Advantage Nepal - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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