Liberia recorded a trade deficit of 46.10 USD Million in July of 2019. Balance of Trade in Liberia averaged -43.42 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 -198.02 USD Million in January of 2015. 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 -48.92 in 12 months time. In the long-term, the Liberia Balance of Trade is projected to trend around -48.90 USD Million in 2020, according to our econometric models.

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Liberia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-46.10 -31.40 15.10 -198.02 2003 - 2019 USD Million Monthly

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.

Liberia Trade Last Previous Highest Lowest Unit
Balance of Trade -46.10 -31.40 15.10 -198.02 USD Million [+]
Current Account -177.90 -131.30 245.60 -1069.00 USD Million [+]
Current Account to GDP -22.40 -22.70 8.91 -64.70 percent [+]
Exports 56.70 44.70 83.50 0.00 USD Million [+]
Imports 102.80 76.10 219.06 3.40 USD Million [+]
Terrorism Index 0.11 0.21 3.01 0.00 [+]
Remittances 24.70 24.79 174.90 22.94 USD Million [+]
External Debt 711.50 676.40 1681.92 222.80 USD Million [+]