Trade Statistics

Liberia has a diverse economy that is heavily reliant on trade. The nation's trade statistics for merchandise exports and imports are recorded using the general trade system, which provides valuable insights into its economic health, the performance of various sectors, and its position in the global market. Understanding Liberia's trade dynamics is crucial for policymakers, businesses, and investors aiming to engage with the country's economic activities

Liberia's trade history is deeply influenced by its natural resources, including rubber, iron ore, timber, gold, and diamonds, which have been the mainstay of its export. Over the years, Liberia has experienced trade deficits in relation to its exports and imports, with gold recently becoming the leading export commodity.

* Liberia Total Export equals Domestic Export and Re-Export
* Total Imports comprise of goods entered immediately upon arrival for use in Liberia, as well as goods entered for warehousing, and goods (other than those in transit) which are subsequently re-exported.

Trade Statistics Indicators

* Trade Balance: The difference between the value of a country's exports and imports. It is a vital indicator of the country's trade health and economic relationships with other nations.
* Import and Export Volumes: These indicators measure the total quantities of goods imported into and exported out of the country, providing insights into trade activity and economic integration.
* Terms of Trade: This ratio compares the export prices to import prices, indicating the relative competitiveness of a country’s products in the global market.

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