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Pricing

2022
Flag → Flag
Exports $14.6MRnk 169 / 221
2022
Flag → Flag
Top Product $4MPassenger and Cargo Ships
2022
Flag → Flag
Exports $4.49MRnk 29 / 86
2022
Flag → Flag
Top Product $4.12MRubber
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Italy-Liberia Trade: In 2022, Italy exported $14.6M to Liberia. The main products that Italy exported to Liberia were Passenger and Cargo Ships ($4M), Washing and Bottling Machines ($3.11M), and Edible Offal ($929k). Over the past 5 years the exports of Italy to Liberia have decreased at an annualized rate of 17.8%, from $38.8M in 2017 to $14.6M in 2022.

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

Liberia-Italy Trade: In 2022, Liberia exported $4.49M to Italy. The main products that Liberia exported to Italy were Rubber ($4.12M), Rough Wood ($150k), and Machinery Having Individual Functions ($140k). Over the past 5 years the exports of Liberia to Italy have increased at an annualized rate of 4.39%,  from $2.07M in 2017 to $4.49M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

N/A

About

Overview In N/A, Italy 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 Italy 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 Italy to Liberia were N/A. In N/A the top imports of Italy from Liberia were .

Growth In N/A, the N/A in Italy's year-by-year exports to Liberia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy'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 Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

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

For full datasets download visit Bulk Download page.

Explore Liberia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $14.6M to Liberia. The main products exported from Italy to Liberia were Passenger and Cargo Ships ($4M), Washing and Bottling Machines ($3.11M), and Edible Offal ($929k). During the last 5 years the exports of Italy to Liberia have decreased at an annualized rate of 17.8%, from $38.8M in 2017 to $14.6M in 2022.

In 2017, Liberia exported $4.49M to Italy. The main products exported from Liberia to Italy were Rubber ($4.12M), Rough Wood ($150k), and Machinery Having Individual Functions ($140k). During the last 5 years the exports of Liberia to Italy have increased at an annualized rate of 4.39%, from $2.07M in 2022 to $4.49M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Italy than Liberia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Liberia than from Italy.

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

Comparative Advantage Italy - Liberia

Flow
Scale

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

During 2022, Italy had a large net trade with Liberia in the exports of Machines ($6.38M), Transportation ($4.2M), and Animal Products ($1.75M).

During 2017, Liberia had a large net trade with Italy in the exports of Plastics and Rubbers ($4.12M), Machines ($171k), and Wood Products ($167k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Liberia+$6.5MPassenger and Cargo Ships
Top Product Potential Liberia Italy+$2.42MRubber

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

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

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