2022
Flag  
GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Liberia-Germany Trade: In 2022, Liberia exported $156M to Germany. The main products that Liberia exported to Germany were Iron Ore ($70.4M), Passenger and Cargo Ships ($70.2M), and Rubber ($11.5M). Over the past 5 years the exports of Liberia to Germany have decreased at an annualized rate of 18.8%, from $440M in 2017 to $156M in 2022.

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

Germany-Liberia Trade: In 2022, Germany exported $842M to Liberia. The main products that Germany exported to Liberia were Passenger and Cargo Ships ($808M), Documents of title (bonds etc) and unused stamps ($6.13M), and Washing and Bottling Machines ($4M). Over the past 5 years the exports of Germany to Liberia have increased at an annualized rate of 38.1%,  from $168M in 2017 to $842M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $156M to Germany. The main products exported from Liberia to Germany were Iron Ore ($70.4M), Passenger and Cargo Ships ($70.2M), and Rubber ($11.5M). During the last 5 years the exports of Liberia to Germany have decreased at an annualized rate of 18.8%, from $440M in 2017 to $156M in 2022.

In 2017, Germany exported $842M to Liberia. The main products exported from Germany to Liberia were Passenger and Cargo Ships ($808M), Documents of title (bonds etc) and unused stamps ($6.13M), and Washing and Bottling Machines ($4M). During the last 5 years the exports of Germany to Liberia have increased at an annualized rate of 38.1%, from $168M in 2022 to $842M in 2017.

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

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

Latest Data

Trade between Liberia (Flag) and Germany (Flag)

Germany Exports

Market Competitiveness

Color
Liberia
Top Destination
Switzerland$544M
Germany
Top Destination
United States$153B

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

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

In 2022, countries that imported more from Germany than Liberia included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Liberia - Germany

Flow
Scale

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

During 2022, Liberia had a large net trade with Germany in the exports of Mineral Products ($70.5M), Transportation ($70.2M), and Plastics and Rubbers ($11.6M).

During 2017, Germany had a large net trade with Liberia in the exports of Transportation ($809M), Machines ($11.5M), and Paper Goods ($6.56M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Germany+$6.63MIron Ore
Top Product Potential Germany Liberia+$1.77MVaccines, blood, antisera, toxins and cultures

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

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

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