Liberia (LBR) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Liberia-Azerbaijan Trade: In 2022, Liberia exported $4.77k to Azerbaijan. The main products that Liberia exported to Azerbaijan were Unglazed Ceramics ($4.77k). Over the past 24 years the exports of Liberia to Azerbaijan have decreased at an annualized rate of 5.33%, from $17.8k in 1998 to $4.77k in 2022.

In 2022, Liberia did not export any services to Azerbaijan.

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

In 2022, Azerbaijan did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $4.77k to Azerbaijan. The main products exported from Liberia to Azerbaijan were Unglazed Ceramics ($4.77k). During the last 24 years the exports of Liberia to Azerbaijan have decreased at an annualized rate of 5.33%, from $17.8k in 1998 to $4.77k in 2022.

Azerbaijan does not register exports to Liberia.

Exports from Liberia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Liberia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Liberia than Azerbaijan included Switzerland ($544M), Poland ($124M), and France ($158M).

In 2022, countries that imported more from Azerbaijan than Liberia included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Liberia () (2022)

Comparative Advantage Liberia - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Azerbaijan in the exports of Stone And Glass ($4.77k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Azerbaijan+$2.65kRefined Petroleum

Top Product Potential Azerbaijan Liberia+$3.29kRefined 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 Liberia and Azerbaijan. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Azerbaijan () (2022)

Exports from Azerbaijan () to Liberia () (2022)

Market Competitiveness

Difference in imports from Azerbaijan () and Liberia () (2022)

Comparative Advantage Liberia - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Azerbaijan () (2022)

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