The China-Liberia economic and trade cooperation has been growing since the resumption of bilateral cooperation in 2003 and the continuous peace-building in Liberia. In 2012, the Chinese Government offered 95% of the Liberian exports to China with duty-free treatment. In 2015, the Chinese Government offered 97% of the Liberian exports to China with duty-free treatment.
According to the statistics issued by the General Administration of Customs of China, the Chinese-Liberian trade volume in 2019 totaled US$4.03 billion, up 97% year-on-year, among which China's export to Liberia reached US$3.91 billion, a year-on-year increase of 99.6%, while its import from Liberia was US$0.12 billion, up 39.4% year-on-year. China has been encouraging all sectors in Liberia to expand its export to China by taking the advantages of China's offer of 97% of the Liberian exports to China with duty-free treatment as well as various economic and trade promotion activities in China including the China International Import Expo(CIIE), the Canton Fair, and the China-Africa Economic and Trade Expo.
According to the statistics from the Ministry of Commerce of China, the Foreign Direct Investment flowing from China to Liberia reached US$26.44 million in 2019. From January to December 2019, the value of China's newly signed project contracts in Liberia was US$300 million, a year-on-year increase of 138.7%, and the completed turnover was US$440 million, a year-on-year increase of 123.5%.
The Chinese enterprises and investors have been engaged in various investment and trade activities in Liberia covering many sectors, including mining development, infrastructure construction, pelagic fishery, forestry, industrial explosive services, telecommunication, logistics services, small commodity trade, so on and so forth.
Since China and Liberia established diplomatic ties, the Chinese government has aided Liberia by funding and implementing the construction of the Barreke Sugar Mill, the SKD Sports Complex and its renovation project, the renovation project of Liberia Broadcasting System, the Tappita hospital (Jackson F. Doe Memorial Regional Referral Hospital), the office building of the Ministry of Health, 3 rural middle schools, the agricultural technology demonstration center in Bong county, the Monrovia Vocational Training Center, the Fendell campus of the University of Liberia, Ebola Treatment Unit (ETU), Anti-malaria laboratory in JFK medical center, 50 bored wells in rural areas, two annexes to the Capitol Building, the Ministerial Complex, the new terminal of Roberts International Airport (concessional loan), etc. Besides, the Chinese government has provided vehicles and thousand tons of humanitarian aid rice to the Liberia government. Moreover, the Chinese government has also conducted various technical assistance in Liberia such as the bamboo and rattan weaving and vegetable plantation technical cooperation project, the Liberia Broadcasting System technical cooperation project, the agriculture technical cooperation project, the SKD Sports Complex technical cooperation project, and the mineral resources prospecting technical cooperation project and trained more than 2500 Liberian youth in areas of agriculture, broadcasting, mineral resource prospecting, facility maintenance and so forth.