Benin (BEN) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Benin-Liberia Trade: In 2022, Benin exported $1.68k to Liberia. The main products that Benin exported to Liberia were Other Oily Seeds ($1.68k). Over the past 5 years the exports of Benin to Liberia have decreased at an annualized rate of 57.6%, from $123k in 2017 to $1.68k in 2022.

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

Liberia-Benin Trade: In 2022, Liberia exported $8.02k to Benin. The main products that Liberia exported to Benin were Used Clothing ($8.02k). Over the past 5 years the exports of Liberia to Benin have decreased at an annualized rate of 57.6%, from $3.25M in 2017 to $8.02k in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $1.68k to Liberia. The main products exported from Benin to Liberia were Other Oily Seeds ($1.68k). During the last 5 years the exports of Benin to Liberia have decreased at an annualized rate of 57.6%, from $123k in 2017 to $1.68k in 2022.

In 2017, Liberia exported $8.02k to Benin. The main products exported from Liberia to Benin were Used Clothing ($8.02k). During the last 5 years the exports of Liberia to Benin have decreased at an annualized rate of 57.6%, from $3.25M in 2022 to $8.02k in 2017.

Exports from Benin () to Liberia () (2022)

Exports from Liberia () to Benin () (2022)

Latest Data

Trade between Benin () and Liberia ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Benin than Liberia included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

In 2022, countries that imported more from Liberia than Benin included Switzerland ($544M), Germany ($156M), and United Kingdom ($148M).

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

Comparative Advantage Benin - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Liberia in the exports of Vegetable Products ($1.68k).

During 2017, Liberia had a large net trade with Benin in the exports of Textiles ($8.02k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Liberia+$2.89kRefined Petroleum

Top Product Potential Liberia Benin+$2.76kRefined 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 Benin and Liberia. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Benin.

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Liberia () (2022)

Exports from Liberia () to Benin () (2022)

Latest Data

Trade between Benin () and Liberia ()

Benin Exports

Market Competitiveness

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

Comparative Advantage Benin - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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