Liberia recorded a trade deficit of 23.80 USD Million in October of 2019.

Balance of Trade in Liberia averaged -45.29 USD Million from 2003 until 2019, reaching an all time high of 15.10 USD Million in January of 2005 and a record low of -198.10 USD Million in January of 2015. This page provides the latest reported value for - Liberia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Liberia Balance of Trade - values, historical data and charts - was last updated on June of 2020. source: Central Bank of Liberia

Balance of Trade in Liberia is expected to be -48.93 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Liberia to stand at -48.90 in 12 months time. In the long-term, the Liberia Balance of Trade is projected to trend around -48.90 USD Million in 2021, according to our econometric models.

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Liberia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-23.80 -41.20 15.10 -198.10 2003 - 2019 USD Million Monthly

Liberia Trade Last Previous Highest Lowest Unit
Balance of Trade -23.80 -41.20 15.10 -198.10 USD Million [+]
Current Account -130.66 -225.04 245.60 -1069.00 USD Million [+]
Current Account to GDP -22.30 -20.90 8.91 -64.70 percent [+]
Imports 60.40 84.70 219.10 3.40 USD Million [+]
Exports 36.60 43.50 83.50 0.00 USD Million [+]
Remittances 24.70 29.50 174.90 22.94 USD Million [+]
Terrorism Index 0.11 0.21 3.01 0.00 [+]
External Debt 805.95 850.85 1681.92 222.80 USD Million [+]


Liberia Balance of Trade
Liberia’s systemic trade deficit is a result of high imports. Liberia is a net importer of fuel (35 percent of total imports) and machinery (25 percent). The main exports are: rubber (60 percent of total exports), gold, diamonds and iron. Liberia’s main trading partners are the United States, Canada and the Middle East.