According to the 2006 estimates of the CIA World Factbook, Liberia’s exports stand at US$1.197 billion. The country ranks 144 in the world in terms of total export volumes. Due to an underdeveloped industrial sector, Liberia exports highly depend on agricultural productivity. The major items of export for Liberia are rubber, diamond, timber, iron, coffee and cocoa.
India and the US are the largest export partners for Liberia, according to the 2008 figures. Export to India accounts for approximately 21.3%, while export to the US is almost 19.2% of the total trade volume. Other major export partners are Poland, Germany and Belgium.
Liberia’s export trade suffered a serious setback during the civil war in the 1990s. The depleted situation of the wartime economy forced many investors to fly away from the country. Diamond used to be the highest foreign exchange earner for Liberia. However, as the country’s diamond sector was involved with the infamous Blood Diamond episode, the UN imposed an export ban, which was lifted in the year 2007.