Gold Export of Liberia: The Customs Trade Information

Gold is a chemical element and a ductile metal with excellent electrical conductivity. Gold is used in different industrial sectors, including the electronics industry, medical industry, aerospace, and nanotechnology. It is not just a precious metal for ornaments but is a valuable tool for high-tech industries and financial security. Liberia Import Data says, the country based on the west coast of Africa, sharing borders with Guinea and the Ivory Coast in the north and east direction, has recorded itself as the leading exporter of gold in the international trade market due to the mining sector’s contribution of 15% to Liberia’s GDP and infrastructure development, like roads and ports, facilitating easier exports of gold.

The regulatory reforms promoting the encouragement of local and foreign investment and the large-scale mining projects have led to an export trade value of gold worth 350 million US dollars in 2024. The skilled workforce engaged in the mining sector and environmental management, attracting eco-conscious investors, has been benefiting the overall export trade. Subscribe to Import Globals, the Liberia import export trade provider, to stay updated with the latest information regarding the gold export of Liberia via the Liberia trade data.

WHY IS GOLD A GLOBALLY TRADED COMMODITY?

Gold has been a globally traded commodity for several years due to its physical, economic, and cultural characteristics. The intrinsic value of the commodity has been gradually contributing to the increase in its global trade. The universal acceptance of gold as an ideal medium of exchange in international trade and the increasing demand by the fashion industry have made this a valuable product of trade.

The liquidity of the specific component, combined with its portability and divisibility, has strengthened its position as a top tradable commodity. The industrial and technological demand has recorded excellent electrical conductivity and malleability, solidifying its position as a consistent role player in the global trade market. The growing consumer demands and the increasing engagement of several trade authorities have been fuelling the overall revenue generation.

THE LEADING VARIANTS OF GOLD EXPORTED FROM LIBERIA

Liberia, via its technological evolution of the mining industry and the refining technologies, has actively recorded a diversity of variants in the export portfolio. According to the Liberia Export Data, the top 10 leading variants of gold exported from the nation in 2024 are,

Gold Doré Bars — The annual valuation of Gold Doré Bars exported from Liberia in 2024–92 million US dollars
Refined Gold Bars — The annual valuation of Refined Gold Bars exported from Liberia in 2024–87 million US dollars
Gold Nuggets — The annual valuation of Gold Nuggets exported from Liberia in 2024–75 million US dollars
Gold Granules — The annual valuation of Gold Granules exported from Liberia in 2024–68 million US dollars
Gold Dust — The annual valuation of Gold Dust exported from Liberia in 2024–54 million US dollars
Gold Coins — The annual valuation of Gold Coins exported from Liberia in 2024–48 million US dollars
Gold Ingots — The annual valuation of Gold Ingots exported from Liberia in 2024–37 million US dollars
Gold Scrap — The annual valuation of Gold Scrap exported from Liberia in 2024–29 million US dollars
Gold Powder — The annual valuation of Gold Powder exported from Liberia in 2024–22 million US dollars
Gold Leaf — The annual valuation of Gold Leaf exported from Liberia in 2024–18 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF LIBERIA IN 2024

The stronger bilateral ties of Liberia with the topmost importing authorities and the valuable efforts towards supply chain integration have solidified the trade relations. As per the Liberia Customs Data, the top 10 export trade partners of the nation for gold export in 2024 are,

1. Switzerland — The annual valuation of Gold exported from Liberia to Switzerland in 2024–123 million US dollars