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2022
Flag → Flag
Exports $240MRnk 117 / 217
2022
Flag → Flag
Top Product $121MRice
2022
Flag → Flag
Exports $23.6MRnk 18 / 86
2022
Flag → Flag
Top Product $7.64MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

India-Liberia Trade: In 2022, India exported $240M to Liberia. The main products that India exported to Liberia were Rice ($121M), Packaged Medicaments ($15.3M), and Motorcycles and cycles ($14.2M). Over the past 5 years the exports of India to Liberia have decreased at an annualized rate of 0.95%, from $251M in 2017 to $240M in 2022.

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

Liberia-India Trade: In 2022, Liberia exported $23.6M to India. The main products that Liberia exported to India were Palm Oil ($7.64M), Gold ($3.86M), and Scrap Aluminium ($3.84M). Over the past 5 years the exports of Liberia to India have decreased at an annualized rate of 8.57%,  from $36.9M in 2017 to $23.6M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

June, 2024

About

Overview In June 2024, India exported $35.9M and imported $2.13M from Liberia, resulting in a positive trade balance of $33.7M. Between June 2023 and June 2024 the exports of India have increased by $14.3M (66.6%) from $21.5M to $35.9M, while imports increased by $988k (86.8%) from $1.14M to $2.13M.

Trade In June 2024, the top exports of India to Liberia were Rice(Other Than Basmoti) ($13.2M), Railwy Trnsprt Equipmnts, Prts ($4.68M), Ship, Boat And Floating Struct ($2.45M), Ceramics And Allied Products ($629k), and Electric Machinery And Equipme ($517k). In June 2024 the top imports of India from Liberia were Ship, Boat And Floating Struct ($10.1M), Petroleum Products ($437k), Aluminium, Products Of Aluminm ($270k), Plywood And Allied Products ($258k), and Other Commodities ($254k).

Growth In June 2024, the increase in India's year-by-year exports to Liberia was explained primarily by an increase in product exports in Rice(Other Than Basmoti) ($12.3M or 1.37k%), Ceramics And Allied Products ($627k or 26k%), and Alcoholic Beverages ($312k or 1.88k%). In June 2024, the increase in India's year-by-year imports  from Liberia was explained primarily by an increase in product imports  in Aluminium, Products Of Aluminm ($231k or 593%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$14.3M(66.6%)
IMPORT GROWTH (June 2023 - June 2024)$988k(86.8%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Liberia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $240M to Liberia. The main products exported from India to Liberia were Rice ($121M), Packaged Medicaments ($15.3M), and Motorcycles and cycles ($14.2M). During the last 5 years the exports of India to Liberia have decreased at an annualized rate of 0.95%, from $251M in 2017 to $240M in 2022.

In 2017, Liberia exported $23.6M to India. The main products exported from Liberia to India were Palm Oil ($7.64M), Gold ($3.86M), and Scrap Aluminium ($3.84M). During the last 5 years the exports of Liberia to India have decreased at an annualized rate of 8.57%, from $36.9M in 2022 to $23.6M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from India than Liberia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Liberia than from India.

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

Comparative Advantage India - Liberia

Flow
Scale

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

During 2022, India had a large net trade with Liberia in the exports of Vegetable Products ($121M), Transportation ($34.5M), and Chemical Products ($22.1M).

During 2017, Liberia had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($10.6M), Metals ($5.46M), and Precious Metals ($3.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Liberia+$10MRefined Petroleum
Top Product Potential Liberia India+$16.5MGold

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

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

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