The Export Market of Liberia in 2024: The Comprehensive Trade Analysis

Liberia, based on the western coast of Africa, bordered by Guinea, the Ivory Coast, Sierra Leone, and the Atlantic Ocean, in the north-east-west-south direction, has emerged as a substantial contributor in the global export market via thriving production capacities of the industrial sectors. Liberia Import Data says the country has solidified its position as a top gold exporter due to the technological evolution of the mining strategies. The government authority of Liberia has shifted its focus to the development of the manufacturing units to maintain compatibility with the growing global demand.

Iron ore, following the gold export, accounts for 17.7% of the total export revenue generation. The active promotion of economic diversification through value-added products and tariff implementation over foreign trade, along with the notable development of the export infrastructure facilitating the outbound shipments, has resulted in an export trade value of 1.7 billion US dollars in 2024. Subscribe to Import Globals, an importexport trade provider, to stay updated with the latest information on Liberia’s export of specific goods via the Liberia trade data.

POLICY REFORMS SUPPORTING THE EXPORT MARKET OF LIBERIA IN 2024

The Liberia Single Window for Trade, introduced by the government authorities as a digital platform under development by the Ministry of Commerce, has reduced the export processing time. It has lowered the administrative cost while enhancing transparency; The International Capacity Building Partnership, signed by the Ministry of Commerce, secured multiple international collaborations. It has basically empowered the small and medium enterprises led by women employers to strengthen the IP system while enabling the local innovations to compete in a global manner.

The Spatial Agro-Industrial Processing Zones are further introduced for the transformation of the raw agricultural exports into higher-value goods. It has specifically empowered the youth of the nation to participate in the global value chains. The MSME support via the Youth Entrepreneurship and Technical Assistance Program has strengthened the small and medium enterprises to support the mechanisms that are focused on improving the ability of the producers regarding export-ready goods.

THE LEADING VARIANTS OF GOODS EXPORTED FROM LIBERIA IN 2024

Liberia, to maintain continuity in the diversification of export valuation for compatibility with the global standards, has modified the export infrastructure at a substantial rate. According to the Liberia Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  • Gold — The annual valuation of Gold exported from Liberia in 2024–342 million US dollars
  • Iron Ore — The annual valuation of Iron Ore exported from Liberia in 2024–276 million US dollars.
  • Passenger & Cargo Ships — The annual valuation of Passenger & Cargo Ships exported from Liberia in 2024–225 million US dollars.
  • Rubber — The annual valuation of Rubber exported from Liberia in 2024–187 million US dollars
  • Special Purpose Ships — The annual valuation of Special Purpose Ships exported from Liberia in 2024–154 million US dollars
  • Timber — The annual valuation of Timber exported from Liberia in 2024–127 million US dollars
  • Diamonds — The annual valuation of Diamonds exported from Liberia in 2024–109 million US dollars
  • Cocoa — The annual valuation of Cocoa exported from Liberia in 2024–102 million US dollars
  • Palm Oil — The annual valuation of Palm Oil exported from Liberia in 2024–89 million US dollars
  • Fish & Seafood — The annual valuation of Fish & Seafood exported from Liberia in 2024–76 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF LIBERIA

The country’s step forward in supply chain integration has built up a stable trade relationship with some of the top importers worldwide. According to the Liberia Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • Switzerland — The annual valuation of goods exported from Liberia to Switzerland in 2024–416 million US dollars

Top 5 variants of goods exported

· Lead

· Molybdenum

· Nickel

· Phosphates

· Rare earth minerals

  • France — The annual valuation of goods exported from Liberia to France in 2024–324 million US dollars

Top 5 variants of goods exported

· Bamboo

· Garri (processed cassava)

· Farina (cassava flour)

· Vegetable oils (misc.)

· Wax

  • Germany — The annual valuation of goods exported from Liberia to Germany in 2024–289 million US dollars

Top 5 variants of goods exported

· Zinc

· Zircon

· Rutile

· Ilmenite

· Monazite

  • United Kingdom– The annual valuation of goods exported from Liberia to the United Kingdom in 2024–216 million US dollars

Top 5 variants of goods exported

· Beryl

· Chromite

· Columbite‑tantalite (coltan)

· Copper

· Kyanite

  • Poland — The annual valuation of goods exported from Liberia to Poland in 2024–178 million US dollars

Top 5 variants of goods exported

· Articles of iron or steel

· Machinery or mechanical appliances (e.g., pumps, compressors)

· Toys, games, sports requisites

· Festive/novelty items

· Lubricating preparations

  • Belgium — The annual valuation of goods exported from Liberia to Belgium in 2024–124 million US dollars

Top 5 variants of goods exported

· Cocoa preparations (chocolate, cocoa butter)

· Medicinal or therapeutic preparations (e.g., medicaments)

· Soap and washing products

· Passenger & Cargo Ships

· Special Purpose Ships

  • Côte d’Ivoire (Ivory Coast) — The annual valuation of goods exported from Liberia to Côte d’Ivoire (Ivory Coast) in 2024–109 million US dollars

Top 5 variants of goods exported

· Cassava chips or gari (dried cassava)

· Rice (raw or processed)

· Bananas

· Plantains

· Sugar cane or processed sugar

· Coconut or coconut products

  • China– The annual valuation of goods exported from Liberia to China in 2024–102 million US dollars

Top 5 variants of goods exported

· Natural Rubber

· Crude Palm Oil

· Palm Kernel Oil / Coconut Oil

· Cocoa beans

· Coffee (Liberica variety)

  • India– The annual valuation of goods exported from Liberia to India in 2024–89 million US dollars

Top 5 variants of goods exported

· Timber (wood & lumber)

· Fuel wood (logs, billets)

· Rough wood — Tali round logs

· Teak round logs

· Gmelina round logs

  • United States– The annual valuation of goods exported from Liberia to the United States in 2024–81 million US dollars

Top 5 variants of goods exported

· Gold

· Diamonds

· Iron Ore

· Petroleum oils (bituminous crude)

  • Other minerals

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