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2023
Flag → Flag
Exports $28.7MRnk 141 / 220
2023
Flag → Flag
Top Product $8.75MPetroleum Coke
2023
Flag → Flag
Exports $65.5MRnk 11 / 112
2023
Flag → Flag
Top Product $48.6MIron Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Spain-Liberia Trade: In 2023, Spain exported $28.7M to Liberia. The main products that Spain exported to Liberia were Petroleum Coke ($8.75M), Unglazed Ceramics ($2.05M), and Rubber ($1.95M). Over the past 5 years the exports of Spain to Liberia have decreased at an annualized rate of 15.5%, from $66.9M in 2018 to $28.7M in 2023.

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

Liberia-Spain Trade: In 2023, Liberia exported $65.5M to Spain. The main products that Liberia exported to Spain were Iron Ore ($48.6M), Rubber ($9.51M), and Palm Oil ($7.03M). Over the past 5 years the exports of Liberia to Spain have increased at an annualized rate of 30.8%,  from $17.1M in 2018 to $65.5M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €1.06M and imported €6.64M from Liberia, resulting in a negative trade balance of €5.58M. Between November 2023 and November 2024 the exports of Spain have decreased by €-544k (-33.9%) from €1.6M to €1.06M, while imports decreased by €-5.04M (-43.1%) from €11.7M to €6.64M.

Trade In November 2024, the top exports of Spain to Liberia were Raw Plastic Sheeting (€190k), Unglazed Ceramics (€179k), Poultry Meat (€80.9k), Quicklime (€61.4k), and Plastic Pipes (€34.9k). In November 2024 the top imports of Spain from Liberia were Rubber (€1.54M), Engine Parts (€3.32k), Other Rubber Products (€2.64k), Other Floating Structures (€1.7k), and Basketwork (€204).

Origins In November 2024 the exports of Spain were mainly from Valladolid (€336k), Valencia (€294k), Castellón (€115k), Barcelona (€93k), and Girona (€37.9k), while imports destinations were mainly Asturias (€6.35M), Vizcaya (€274k), Cádiz (€4.68k), Valencia (€3.55k), and Murcia (€1.52k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Centrifuges (€-116k or -81.3%), Poultry Meat (€-100k or -55.3%), and Glaziers Putty (€-2.8k or -27%). In November 2024, the decrease in Spain's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-544k(-33.9%)
IMPORT GROWTH (November 2023 - November 2024)€-5.04M(-43.1%)
MAIN EXPORTER (November 2024)Valladolid€336k

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

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

For full datasets download visit Bulk Download page.

Explore Liberia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $28.7M to Liberia. The main products exported from Spain to Liberia were Petroleum Coke ($8.75M), Unglazed Ceramics ($2.05M), and Rubber ($1.95M). During the last 5 years the exports of Spain to Liberia have decreased at an annualized rate of 15.5%, from $66.9M in 2018 to $28.7M in 2023.

In 2018, Liberia exported $65.5M to Spain. The main products exported from Liberia to Spain were Iron Ore ($48.6M), Rubber ($9.51M), and Palm Oil ($7.03M). During the last 5 years the exports of Liberia to Spain have increased at an annualized rate of 30.8%, from $17.1M in 2023 to $65.5M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Spain than Liberia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, no countries were registered that imported more from Liberia than from Spain.

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

Comparative Advantage Spain - Liberia

Flow
Scale

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

During 2023, Spain had a large net trade with Liberia in the exports of Mineral Products ($10.7M), Machines ($3.21M), and Foodstuffs ($3.01M).

During 2018, Liberia had a large net trade with Spain in the exports of Mineral Products ($48.6M), Plastics and Rubbers ($9.52M), and Animal and Vegetable Bi-Products ($7.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Liberia+$428kPig Meat
Top Product Potential Liberia Spain+$4.26MPalm Oil

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

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

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