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2022
Flag → Flag
Exports $1.08MRnk 153 / 209
2022
Flag → Flag
Top Product $310kCompasses
2022
Flag → Flag
Exports $156kRnk 52 / 86
2022
Flag → Flag
Top Product $73.7kPolyacetals
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Norway-Liberia Trade: In 2022, Norway exported $1.08M to Liberia. The main products that Norway exported to Liberia were Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). Over the past 5 years the exports of Norway to Liberia have decreased at an annualized rate of 43.6%, from $18.9M in 2017 to $1.08M in 2022.

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

Liberia-Norway Trade: In 2022, Liberia exported $156k to Norway. The main products that Liberia exported to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). Over the past 5 years the exports of Liberia to Norway have increased at an annualized rate of 30.7%,  from $10.7k in 2017 to $156k in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK744k and imported NOK17k from Liberia, resulting in a positive trade balance of NOK727k. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-811k (-52.2%) from NOK1.56M to NOK744k, while imports decreased by NOK-181k (-91.4%) from NOK198k to NOK17k.

Trade In July 2024, the top exports of Norway to Liberia were Telecommunications and sound-recording and reproducing apparatus... (NOK694k), General industrial machinery and equipment, n.e.s.,... (NOK357k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK188k), Office machines and automatic data-processing machines (NOK144k), and Professional, scientific and controlling instruments and... (NOK84k). In July 2024 the top imports of Norway from Liberia were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK58k), Furniture, and parts thereof; bedding, mattresses,... (NOK23k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK12k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In July 2024, the decrease in Norway's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-2.87M or -97.2%), Meat and meat preparations (NOK-126k or -100%), and Essential oils and resinoids and perfume... (NOK-2k or -100%). In July 2024, the decrease in Norway's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in Manufactures of metals, n.e.s. (NOK-8k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-811k(-52.2%)
IMPORT GROWTH (July 2023 - July 2024)NOK-181k(-91.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.08M to Liberia. The main products exported from Norway to Liberia were Compasses ($310k), Non-fillet Frozen Fish ($226k), and Cars ($94.5k). During the last 5 years the exports of Norway to Liberia have decreased at an annualized rate of 43.6%, from $18.9M in 2017 to $1.08M in 2022.

In 2017, Liberia exported $156k to Norway. The main products exported from Liberia to Norway were Polyacetals ($73.7k), Raw Plastic Sheeting ($60.9k), and Rolled Tobacco ($6.26k). During the last 5 years the exports of Liberia to Norway have increased at an annualized rate of 30.7%, from $10.7k in 2022 to $156k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Norway than Liberia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Liberia than Norway included Lebanon ($106M), Rwanda ($18.2M), and Tanzania ($41.5M).

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

Comparative Advantage Norway - Liberia

Flow
Scale

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

During 2022, Norway had a large net trade with Liberia in the exports of Instruments ($370k), Animal Products ($267k), and Machines ($257k).

During 2017, Liberia had a large net trade with Norway in the exports of Plastics and Rubbers ($135k), Machines ($6.34k), and Foodstuffs ($6.26k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Liberia+$121kNon-fillet Frozen Fish
Top Product Potential Liberia Norway+$16.2kRaw Plastic Sheeting

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

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

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