Country intelligence · LBR · 2024

Liberia trade profile

In 2024, Liberia recorded $2.5B in merchandise exports and $28.7B in imports, producing a $26.3B trade deficit. Exports changed +16.2% from the previous year, while imports changed +10.5%.[1]

Exports

$2.5B

+16.2%

Imports

$28.7B

+10.5%

Trade balance

-$26.3B

deficit

Active partners

270

13 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$2.5B$28.7B-$26.3B+16.2%
2023$2.1B$26.0B-$23.9B+13.5%
2022$1.9B$23.2B-$21.3B+29.8%
2021$1.4B$16.3B-$14.9B+63.7%
2020$883.7M$12.2B-$11.3B-24.6%
2019$1.2B$12.1B-$11.0B-8.9%
2018$1.3B$9.8B-$8.6B+2.2%
2017$1.3B$8.6B-$7.3B+25.4%
2016$1.0B$9.6B-$8.6B-38.3%
2015$1.6B$8.4B-$6.8B+14.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 71 · Precious metals and stones

32 active HS6 lines · 19 export partners

$1.1B
2

HS 89 · HS chapter

15 active HS6 lines · 17 export partners

$449.1M
3

HS 26 · HS chapter

13 active HS6 lines · 11 export partners

$269.1M
4

HS 27 · Mineral fuels and oils

30 active HS6 lines · 23 export partners

$191.9M
5

HS 18 · HS chapter

8 active HS6 lines · 15 export partners

$190.9M
6

HS 40 · HS chapter

70 active HS6 lines · 39 export partners

$138.0M
7

HS 15 · HS chapter

38 active HS6 lines · 23 export partners

$93.2M
8

HS 99 · HS chapter

1 active HS6 lines · 18 export partners

$25.5M

Leading export markets

Destinations rank bilateral export flows from Liberia; growth describes each corridor rather than the whole economy.

1

Switzerland

Annual change +27.3% · 3-year CAGR 49.0%

$850.3M
2

Germany

Annual change +32.6% · 3-year CAGR 22.7%

$219.4M
3

Lebanon

Annual change +31.8% · 3-year CAGR 41.6%

$129.5M
4

Malaysia

Annual change +444.6% · 3-year CAGR 52.9%

$113.6M
5

China

Annual change +21.1% · 3-year CAGR 63.5%

$91.1M
6

Denmark

Annual change +86665.6% · 3-year CAGR 1.7%

$90.7M
7

United Arab Emirates

Annual change +22.5% · 3-year CAGR 58.1%

$76.7M
8

France

Annual change -59.2% · 3-year CAGR -18.3%

$72.4M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.