Liberia (LBR) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Liberia-Albania Trade: In 2007, Liberia exported $24.7k to Albania. The main products that Liberia exported to Albania were N/A. Over the past 11 years the exports of Liberia to Albania have increased at an annualized rate of 16.4%, from $4.63k in 1996 to $24.7k in 2007.

In 2007, Liberia did not export any services to Albania.

Albania-Liberia Trade: In 2007, Albania exported $32.2k to Liberia. The main products that Albania exported to Liberia were N/A. Over the past 11 years the exports of Albania to Liberia have increased at an annualized rate of 95.9%, from $1.12k in 1996 to $32.2k in 2007.

In 2007, Albania did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2007, Liberia exported $24.7k to Albania. There were not main exports from Liberia to Albania in 2007. During the last 11 years the exports of Liberia to Albania have increased at an annualized rate of 16.4%, from $4.63k in 1996 to $24.7k in 2007.

In 2007, Albania exported $32.2k to Liberia. There were not main exports from Albania to Liberia in 2007. During the last 5 years the exports of Albania to Liberia have increased at an annualized rate of 95.9%, from $1.12k in 2012 to $32.2k in 2007.

Exports from Liberia () to Albania () (2012)

Exports from Albania () to Liberia () (2012)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Liberia than Albania included Switzerland ($544M), France ($158M), and Lebanon ($106M).

In 2022, countries that imported more from Albania than Liberia included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Liberia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2007, Liberia had a large net trade with Albania in the exports of .

During 2007, Albania had a large net trade with Liberia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Albania+$2.09kRefined Petroleum

Top Product Potential Albania Liberia+$2.08kRefined 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 Liberia and Albania. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Liberia.

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Albania () (2012)

Exports from Albania () to Liberia () (2012)

Market Competitiveness

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

Comparative Advantage Liberia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Albania () (2012)

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