2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Brazil-Liberia Trade: In 2022, Brazil exported $501M to Liberia. The main products that Brazil exported to Liberia were Refined Petroleum ($446M), Poultry Meat ($10.6M), and Raw Sugar ($8.12M). Over the past 5 years the exports of Brazil to Liberia have increased at an annualized rate of 83.6%, from $24M in 2017 to $501M in 2022.

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

Liberia-Brazil Trade: In 2022, Liberia exported $478k to Brazil. The main products that Liberia exported to Brazil were Coconut Oil ($387k), Rubber ($76.7k), and Other Heating Machinery ($13.9k). Over the past 5 years the exports of Liberia to Brazil have decreased at an annualized rate of 27.5%,  from $2.39M in 2017 to $478k in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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
Value

In 2022, Brazil exported $501M to Liberia. The main products exported from Brazil to Liberia were Refined Petroleum ($446M), Poultry Meat ($10.6M), and Raw Sugar ($8.12M). During the last 5 years the exports of Brazil to Liberia have increased at an annualized rate of 83.6%, from $24M in 2017 to $501M in 2022.

In 2017, Liberia exported $478k to Brazil. The main products exported from Liberia to Brazil were Coconut Oil ($387k), Rubber ($76.7k), and Other Heating Machinery ($13.9k). During the last 5 years the exports of Liberia to Brazil have decreased at an annualized rate of 27.5%, from $2.39M in 2022 to $478k in 2017.

Exports from Brazil (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Liberia
Top Destination
Switzerland$544M

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

In 2022, countries that imported more from Brazil than Liberia included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Liberia than Brazil included Rwanda ($18.2M) and Tanzania ($41.5M).

Difference in imports from Liberia (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Liberia

Flow
Scale

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

During 2022, Brazil had a large net trade with Liberia in the exports of Mineral Products ($446M), Animal Products ($22.3M), and Foodstuffs ($18.8M).

During 2017, Liberia had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($387k), Plastics and Rubbers ($76.7k), and Machines ($15k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Liberia+$1.43MPoultry Meat
Top Product Potential Liberia Brazil+$545kRubber

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

This visualization shows the product space at the HS4 level with the flags of Brazil and Liberia. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Liberia (Flag) (2022)

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