Costa Rica (CRI) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Costa Rica-Liberia Trade: In 2022, Costa Rica exported $1.61k to Liberia. The main products that Costa Rica exported to Liberia were Insulated Wire ($1.34k) and Vaccines, blood, antisera, toxins and cultures ($270). Over the past 14 years the exports of Costa Rica to Liberia have decreased at an annualized rate of 19.2%, from $31.8k in 2008 to $1.61k in 2022.

In 2022, Costa Rica did not export any services to Liberia.

Liberia-Costa Rica In N/A, Liberia did not export any products to Costa Rica.

In 2022, Liberia did not export any services to Costa Rica.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $1.61k to Liberia. The main products exported from Costa Rica to Liberia were Insulated Wire ($1.34k) and Vaccines, blood, antisera, toxins and cultures ($270). During the last 14 years the exports of Costa Rica to Liberia have decreased at an annualized rate of 19.2%, from $31.8k in 2008 to $1.61k in 2022.

Liberia does not register exports to Costa Rica. The main products exported from Liberia to Costa Rica were Stainless Steel Wire ($108k), Centrifuges ($1.3k), and Polyacetals ($65).

Exports from Costa Rica () to Liberia () (2022)

Exports from Liberia () to Costa Rica () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Liberia
Top DestinationSwitzerland$544M

This map shows whether countries import more from Costa Rica or Liberia. Each country is colored based on the difference in imports they receive from Costa Rica and Liberia or the difference in the growth in imports.

In 2022, countries that imported more from Costa Rica than Liberia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Liberia than Costa Rica included Switzerland ($544M), Lebanon ($106M), and Cyprus ($53.7M).

Difference in imports from Liberia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Costa Rica and Liberia by product, considering products traded by both, Costa Rica and Liberia.

During 2022, Costa Rica had a large net trade with Liberia in the exports of Machines ($1.34k) and Chemical Products ($270).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Liberia+$7.05kInsulated Wire

Top Product Potential Liberia Costa Rica+$2.93kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Liberia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Liberia () (2022)

Exports from Liberia () to Costa Rica () (2022)

Market Competitiveness

Difference in imports from Liberia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Liberia () (2022)

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