Liberia (LBR) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Liberia-Iceland Trade: In 2021, Liberia exported $2.59k to Iceland. The main products that Liberia exported to Iceland were N/A. Over the past 16 years the exports of Liberia to Iceland have decreased at an annualized rate of 38.2%, from $5.79M in 2005 to $2.59k in 2021.

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

Iceland-Liberia Trade: In 2021, Iceland exported $164k to Liberia. The main products that Iceland exported to Liberia were Refined Petroleum ($164k). Over the past 16 years the exports of Iceland to Liberia have increased at an annualized rate of 4.28%, from $90.9k in 2005 to $164k in 2021.

In 2021, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Liberia exported $2.59k to Iceland. There were not main exports from Liberia to Iceland in 2021. During the last 16 years the exports of Liberia to Iceland have decreased at an annualized rate of 38.2%, from $5.79M in 2005 to $2.59k in 2021.

In 2017, Iceland exported $164k to Liberia. The main products exported from Iceland to Liberia were Refined Petroleum ($164k). During the last 5 years the exports of Iceland to Liberia have increased at an annualized rate of 4.28%, from $90.9k in 2022 to $164k in 2017.

Exports from Liberia () to Iceland () (2022)

Exports from Iceland () to Liberia () (2022)

Latest Data

Trade between Liberia () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Liberia than Iceland included Switzerland ($544M), Lebanon ($106M), and United Arab Emirates ($60.5M).

In 2022, countries that imported more from Iceland than Liberia included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Liberia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Iceland had a large net trade with Liberia in the exports of Mineral Products ($164k).

Potential Exports

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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 Iceland. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Liberia.

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Iceland () (2022)

Exports from Iceland () to Liberia () (2022)

Latest Data

Trade between Liberia () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Liberia - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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