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 GROWTH
43.3%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 GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Italy-Liberia In 2022, Italy exported $14.6M to Liberia. The main products that Italy exported to Liberia are Passenger and Cargo Ships ($4M), Washing and Bottling Machines ($3.11M), and Edible Offal ($929k). During the last 27 years the exports of Italy to Liberia have decreased at an annualized rate of 12.2%, from $490M in 1995 to $14.6M in 2022.

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

Liberia-Italy 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). During the last 27 years the exports of Liberia to Italy have decreased at an annualized rate of 1.6%, from $6.94M in 1995 to $4.49M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Liberia ranked 144 in total exports ($1.96B), and does not have data regarding Economic Complexity Index.

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 27 years the exports of Italy to Liberia have decreased at an annualized rate of 12.2%, from $490M in 1995 to $14.6M in 2022.

In 2022, 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 27 years the exports of Liberia to Italy have decreased at an annualized rate of 1.6%, from $6.94M in 1995 to $4.49M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Liberia
Top Destination
Switzerland$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 2021, countries that imported more from Italy than Liberia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, 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 2022, Liberia had a large net trade with Italy in the exports of Plastics and Rubbers ($4.12M), Machines ($171k), and Wood Products ($167k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Liberia. Similarly, the more yellow a dot/product is, the more Liberia has comparative advantage over Italy.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with