Liberia had a history of trade surpluses before the war. Exports in 1998 were led by diamonds, followed by iron ore, rubber, and timber. Imports were led by mineral fuels, chemicals, machinery, transportation equipment, manufactured goods, and rice and other foodstuffs.
Principal trading partners in 1998 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
Singapore | 331 | 290 | 41 |
Belgium | 254 | 14 | 240 |
France | 78 | 807 | -729 |
Spain | 53 | 27 | 26 |
Croatia | 37 | 341 | -304 |
United States | 24 | 55 | -31 |
Germany | 23 | 75 | -52 |
Italy | 18 | 1,303 | -1,285 |
Korea | 5 | 1,610 | -1,605 |
Japan | n.a. | 1,013 | n.a. |
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