Liberia

AGOA Status: Liberia is eligible for AGOA this year. It also qualifies for textile and apparel benefits.

Trade Agreements: The U.S. and Liberia signed a Trade & Investment Framework Agreement (TIFA) in 2007. The most recent U.S.-Liberia TIFA Council Meeting was held in March 2009.

U.S.-Liberia Trade Facts

Liberia is currently our 122nd largest goods trading partner with $370 million in total (exports plus imports) goods trade during 2010. Goods exports totaled $190 million; Goods imports totaled $180 million. The U.S. goods trade surplus with Liberia was $10 million in 2010.

Exports

Liberia was the United States' 120th largest goods export market in 2010.

U.S. goods exports to Liberia in 2010 were $190 million, up 101% from 2010.

The top export categories (2-digit HS) in 2010 were: Optic and Medical Instruments ($78 million), Vehicles ($21 million), Cereals (rice) ($14 million), Iron and Steel Products ($11 million), and Special Other (low value shipments) ($10 million).

Imports

Liberia was the United States' 112th largest supplier of goods imports in 2010.

U.S. goods imports from Liberia totaled $180 million in 2010, a 124% increase ($100 million) from 2009.

The five largest import categories in 2010 were: Rubber ($127 million), Special Other (returns) ($27 million), Mineral Fuel (oil) ($25 million), Precious Stones (diamonds) ($699,000), and Fats and Oils (palm oil) ($255,000).

Trade Balance

The U.S. goods trade surplus with Liberia was $10 million in 2010, down 29.9% from 2009.