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2019
Flag → Flag
Exports $3.73kRnk 94 / 0
2019
Flag → Flag
Exports $1.66BRnk 33 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Liberia-Armenia Trade: In 2019, Liberia exported $3.73k to Armenia. The main products that Liberia exported to Armenia were N/A. Over the past 11 years the exports of Liberia to Armenia have increased at an annualized rate of 30.8%, from $194 in 2008 to $3.73k in 2019.

In 2019, Liberia did not export any services to Armenia.

Armenia-Liberia In N/A, Armenia did not export any products to Liberia.

In 2019, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Liberia exported $3.73k to Armenia. There were not main exports from Liberia to Armenia in 2019. During the last 11 years the exports of Liberia to Armenia have increased at an annualized rate of 30.8%, from $194 in 2008 to $3.73k in 2019.

Armenia does not register exports to Liberia.

Exports from Liberia (Flag) to Armenia (Flag) (2019)

Exports from Armenia (Flag) to Liberia (Flag) (2019)

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Liberia than Armenia included Switzerland ($544M), France ($158M), and United Kingdom ($148M).

In 2022, countries that imported more from Armenia than Liberia included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage Liberia - Armenia

Flow
Scale

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

During 2019, Liberia had a large net trade with Armenia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Armenia+$2.73kGold
Top Product Potential Armenia Liberia+$1.42kRefined 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

This visualization shows the product space at the HS4 level with the flags of Liberia and Armenia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Liberia.

Product Space of Liberia (Flag) and Armenia (Flag) (2019)

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