Guatemala (GTM) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Guatemala-Liberia Trade: In 2022, Guatemala exported $398k to Liberia. The main products that Guatemala exported to Liberia were Refined Petroleum ($398k). Over the past 12 years the exports of Guatemala to Liberia have increased at an annualized rate of 33.5%, from $12.4k in 2010 to $398k in 2022.

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

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

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

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). 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, Guatemala exported $398k to Liberia. The main products exported from Guatemala to Liberia were Refined Petroleum ($398k). During the last 12 years the exports of Guatemala to Liberia have increased at an annualized rate of 33.5%, from $12.4k in 2010 to $398k in 2022.

Liberia does not register exports to Guatemala. The main products exported from Liberia to Guatemala were Palm Oil ($34).

Exports from Guatemala () to Liberia () (2022)

Exports from Liberia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Liberia ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Guatemala than Liberia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Liberia than Guatemala included Switzerland ($544M), France ($158M), and Lebanon ($106M).

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

Comparative Advantage Guatemala - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Liberia in the exports of Mineral Products ($398k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Liberia+$424kRefined Petroleum

Top Product Potential Liberia Guatemala+$3.52kRefined 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 Guatemala and Liberia. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Liberia () (2022)

Exports from Liberia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Liberia ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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