Liberia (LBR) and Belarus (BLR) Trade | The Observatory of Economic Complexity

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Liberia-Belarus Trade: In 2021, Liberia exported $266k to Belarus. The main products that Liberia exported to Belarus were N/A. Over the past 8 years the exports of Liberia to Belarus have decreased at an annualized rate of 1.99%, from $312k in 2013 to $266k in 2021.

In 2021, Liberia did not export any services to Belarus.

Belarus-Liberia Trade: In 2021, Belarus exported $148k to Liberia. The main products that Belarus exported to Liberia were N/A. Over the past 8 years the exports of Belarus to Liberia have increased at an annualized rate of 18.1%, from $64.3k in 2013 to $148k in 2021.

In 2014, Belarus exported services to Liberia worth $0, with being the largest in terms of value.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Liberia exported $266k to Belarus. There were not main exports from Liberia to Belarus in 2021. During the last 5 years the exports of Liberia to Belarus have decreased at an annualized rate of 20.2%, from $73.1M in 2017 to $266k in 2021.

In 2016, Belarus exported $148k to Liberia. There were not main exports from Belarus to Liberia in 2016. During the last 5 years the exports of Belarus to Liberia have increased at an annualized rate of 1.72%, from $26.4M in 2022 to $148k in 2016.

Exports from Liberia () to Belarus () (2021)

Exports from Belarus () to Liberia () (2021)

Latest Data

Trade between Liberia () and Belarus ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Belarus
Top DestinationChina$1.6B

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

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

In 2022, countries that imported more from Belarus than Liberia included China ($1.6B), Ukraine ($1.29B), and Kazakhstan ($827M).

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

Comparative Advantage Liberia - Belarus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Liberia had a large net trade with Belarus in the exports of .

During 2016, Belarus had a large net trade with Liberia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Belarus+$1.82kRefined Petroleum

Top Product Potential Belarus Liberia+$2.25kRefined 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 Belarus. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Belarus () (2021)

Exports from Belarus () to Liberia () (2021)

Latest Data

Trade between Liberia () and Belarus ()

Belarus Exports

Market Competitiveness

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

Comparative Advantage Liberia - Belarus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Belarus () (2021)

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