Croatia (HRV) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Croatia-Liberia Trade: In 2022, Croatia exported $548k to Liberia. The main products that Croatia exported to Liberia were Malt ($376k), Broadcasting Equipment ($139k), and Central Heating Boilers ($13.1k). Over the past 5 years the exports of Croatia to Liberia have decreased at an annualized rate of 8.62%, from $860k in 2017 to $548k in 2022.

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

Liberia-Croatia Trade: In 2022, Liberia exported $155k to Croatia. The main products that Liberia exported to Croatia were Air Conditioners ($154k), Electric Motors ($286), and Valves ($105). Over the past 5 years the exports of Liberia to Croatia have increased at an annualized rate of 37.8%, from $31.1k in 2017 to $155k in 2022.

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

Comparison: In 2022, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Croatia exported $548k to Liberia. The main products exported from Croatia to Liberia were Malt ($376k), Broadcasting Equipment ($139k), and Central Heating Boilers ($13.1k). During the last 5 years the exports of Croatia to Liberia have decreased at an annualized rate of 8.62%, from $860k in 2017 to $548k in 2022.

In 2017, Liberia exported $155k to Croatia. The main products exported from Liberia to Croatia were Air Conditioners ($154k), Electric Motors ($286), and Valves ($105). During the last 5 years the exports of Liberia to Croatia have increased at an annualized rate of 37.8%, from $31.1k in 2022 to $155k in 2017.

Exports from Croatia () to Liberia () (2022)

Exports from Liberia () to Croatia () (2022)

Latest Data

Trade between Croatia () and Liberia ()

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.44B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Croatia than Liberia included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

In 2022, countries that imported more from Liberia than Croatia included Switzerland ($544M), Lebanon ($106M), and Malaysia ($57.6M).

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

Comparative Advantage Croatia - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Croatia had a large net trade with Liberia in the exports of Vegetable Products ($376k), Machines ($172k), and Metals ($120).

During 2017, Liberia had a large net trade with Croatia in the exports of Machines ($155k) and Instruments ($20).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Liberia+$56kTelephones

Top Product Potential Liberia Croatia+$3.14kRefined 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 Croatia and Liberia. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Croatia.

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Liberia () (2022)

Exports from Liberia () to Croatia () (2022)

Latest Data

Trade between Croatia () and Liberia ()

Croatia Exports

Market Competitiveness

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

Comparative Advantage Croatia - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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