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Pricing

2023
Flag → Flag
Exports $254Rnk 173 / 174
2023
Flag → Flag
Top Product $226Processed Crustaceans
2023
Flag → Flag
Exports $93kRnk 67 / 112
2023
Flag → Flag
Top Product $91.7kOther Steel Bars
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Ecuador-Liberia Trade: In 2023, Ecuador exported $254 to Liberia. The main products that Ecuador exported to Liberia were Processed Crustaceans ($226) and Coffee and Tea Extracts ($28). Over the past 5 years the exports of Ecuador to Liberia have decreased at an annualized rate of 72.5%, from $162k in 2018 to $254 in 2023.

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

Liberia-Ecuador Trade: In 2023, Liberia exported $93k to Ecuador. The main products that Liberia exported to Ecuador were Other Steel Bars ($91.7k), Rubber Tires ($784), and Ball Bearings ($533). Over the past 5 years the exports of Liberia to Ecuador have increased at an annualized rate of 317%,  from $74 in 2018 to $93k in 2023.

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

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

N/A

About

Overview In N/A, Ecuador exported $N/A and imported $N/A from Liberia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Ecuador have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Ecuador to Liberia were . In N/A the top imports of Ecuador from Liberia were .

Origins In N/A the exports of Ecuador were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Ecuador's year-by-year exports to Liberia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ecuador's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Liberia and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $254 to Liberia. The main products exported from Ecuador to Liberia were Processed Crustaceans ($226) and Coffee and Tea Extracts ($28). During the last 5 years the exports of Ecuador to Liberia have decreased at an annualized rate of 72.5%, from $162k in 2018 to $254 in 2023.

In 2018, Liberia exported $93k to Ecuador. The main products exported from Liberia to Ecuador were Other Steel Bars ($91.7k), Rubber Tires ($784), and Ball Bearings ($533). During the last 5 years the exports of Liberia to Ecuador have increased at an annualized rate of 317%, from $74 in 2023 to $93k in 2018.

Exports from Ecuador (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Ecuador than Liberia included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from Liberia than Ecuador included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

Difference in imports from Liberia (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Liberia

Flow
Scale

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

During 2023, Ecuador had a large net trade with Liberia in the exports of Foodstuffs ($254).

During 2018, Liberia had a large net trade with Ecuador in the exports of Metals ($91.7k), Plastics and Rubbers ($784), and Machines ($533).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Liberia+$3.98kRefined Petroleum
Top Product Potential Liberia Ecuador+$3.43kRefined 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

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

Product Space of Ecuador (Flag) and Liberia (Flag) (2023)

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