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

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Benin-Liberia Trade: In 2023, Benin exported $95.3k to Liberia. The main products that Benin exported to Liberia were Tractors ($70.4k), Semiconductor Devices ($17.9k), and Machinery Having Individual Functions ($3k). Over the past 5 years the exports of Benin to Liberia have increased at an annualized rate of 33.2%, from $22.7k in 2018 to $95.3k in 2023.

In 2023, Benin did not export any services to Liberia.

Liberia-Benin Trade: In 2023, Liberia exported $21.7k to Benin. The main products that Liberia exported to Benin were Used Clothing ($9.82k), Hard Liquor ($7.8k), and Cars ($2.72k). Over the past 5 years the exports of Liberia to Benin have decreased at an annualized rate of 48.7%, from $610k in 2018 to $21.7k in 2023.

In 2023, Liberia did not export any services to Benin.

Comparison: In 2023, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Benin exported $95.3k to Liberia. The main products exported from Benin to Liberia were Tractors ($70.4k), Semiconductor Devices ($17.9k), and Machinery Having Individual Functions ($3k). During the last 5 years the exports of Benin to Liberia have increased at an annualized rate of 33.2%, from $22.7k in 2018 to $95.3k in 2023.

In 2018, Liberia exported $21.7k to Benin. The main products exported from Liberia to Benin were Used Clothing ($9.82k), Hard Liquor ($7.8k), and Cars ($2.72k). During the last 5 years the exports of Liberia to Benin have decreased at an annualized rate of 48.7%, from $610k in 2023 to $21.7k in 2018.

Exports from Benin () to Liberia () (2023)

Exports from Liberia () to Benin () (2023)

Latest Data

Trade between Benin () and Liberia ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationUnited Arab Emirates$803M

Liberia
Top DestinationSwitzerland$708M

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 2023, countries that imported more from Benin than Liberia included United Arab Emirates ($803M), Bangladesh ($391M), and India ($216M).

In 2023, countries that imported more from Liberia than Benin included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

Difference in imports from Liberia () and Benin () (2023)

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 2023, Benin had a large net trade with Liberia in the exports of Transportation ($70.4k), Machines ($20.9k), and Textiles ($2.13k).

During 2018, Liberia had a large net trade with Benin in the exports of Textiles ($9.82k), Foodstuffs ($9.21k), and Transportation ($2.72k).

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 () (2023)

Exports from Liberia () to Benin () (2023)

Latest Data

Trade between Benin () and Liberia ()

Benin Exports

Market Competitiveness

Difference in imports from Liberia () and Benin () (2023)

Comparative Advantage Benin - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Liberia () (2023)

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