Liberia (LBR) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Liberia-Italy Trade: In 2022, Liberia exported $4.49M to Italy. The main products that Liberia exported to Italy were Rubber ($4.12M), Rough Wood ($150k), and Machinery Having Individual Functions ($140k). Over the past 5 years the exports of Liberia to Italy have increased at an annualized rate of 16.7%, from $2.07M in 2017 to $4.49M in 2022.

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

Italy-Liberia Trade: In 2022, Italy exported $14.6M to Liberia. The main products that Italy exported to Liberia were Passenger and Cargo Ships ($4M), Washing and Bottling Machines ($3.11M), and Edible Offal ($929k). Over the past 5 years the exports of Italy to Liberia have decreased at an annualized rate of 17.8%, from $38.8M in 2017 to $14.6M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $4.49M to Italy. The main products exported from Liberia to Italy were Rubber ($4.12M), Rough Wood ($150k), and Machinery Having Individual Functions ($140k). During the last 5 years the exports of Liberia to Italy have increased at an annualized rate of 16.7%, from $2.07M in 2017 to $4.49M in 2022.

In 2017, Italy exported $14.6M to Liberia. The main products exported from Italy to Liberia were Passenger and Cargo Ships ($4M), Washing and Bottling Machines ($3.11M), and Edible Offal ($929k). During the last 5 years the exports of Italy to Liberia have decreased at an annualized rate of 17.8%, from $38.8M in 2022 to $14.6M in 2017.

Exports from Liberia () to Italy () (2022)

Exports from Italy () to Liberia () (2022)

Latest Data

Trade between Liberia () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Liberia than from Italy.

In 2022, countries that imported more from Italy than Liberia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Liberia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Italy in the exports of Plastics and Rubbers ($4.12M), Machines ($171k), and Wood Products ($167k).

During 2017, Italy had a large net trade with Liberia in the exports of Machines ($6.38M), Transportation ($4.2M), and Animal Products ($1.75M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Italy+$2.42MRubber

Top Product Potential Italy Liberia+$6.5MPassenger and Cargo Ships

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Italy () (2022)

Exports from Italy () to Liberia () (2022)

Latest Data

Trade between Liberia () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Liberia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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