Liberia (LBR) and Austria (AUT) Trade | The Observatory of Economic Complexity

About

Liberia-Austria Trade: In 2022, Liberia exported $45.6k to Austria. The main products that Liberia exported to Austria were Other Measuring Instruments ($45.5k) and Beauty Products ($88). Over the past 5 years the exports of Liberia to Austria have increased at an annualized rate of 50.4%, from $5.93k in 2017 to $45.6k in 2022.

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

Austria-Liberia Trade: In 2022, Austria exported $1.28M to Liberia. The main products that Austria exported to Liberia were Flavored Water ($887k), Other Printed Material ($124k), and Edible Offal ($67.4k). Over the past 5 years the exports of Austria to Liberia have decreased at an annualized rate of 6.12%, from $2.41M in 2017 to $1.28M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $45.6k to Austria. The main products exported from Liberia to Austria were Other Measuring Instruments ($45.5k) and Beauty Products ($88). During the last 5 years the exports of Liberia to Austria have increased at an annualized rate of 50.4%, from $5.93k in 2017 to $45.6k in 2022.

In 2017, Austria exported $1.28M to Liberia. The main products exported from Austria to Liberia were Flavored Water ($887k), Other Printed Material ($124k), and Edible Offal ($67.4k). During the last 5 years the exports of Austria to Liberia have decreased at an annualized rate of 6.12%, from $2.41M in 2022 to $1.28M in 2017.

Exports from Liberia () to Austria () (2022)

Exports from Austria () to Liberia () (2022)

Latest Data

Trade between Liberia () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Liberia than Austria included Lebanon ($106M), Tanzania ($41.5M), and Rwanda ($18.2M).

In 2022, countries that imported more from Austria than Liberia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Liberia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Austria in the exports of Instruments ($45.5k) and Chemical Products ($88).

During 2017, Austria had a large net trade with Liberia in the exports of Foodstuffs ($887k), Paper Goods ($125k), and Machines ($89.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Austria+$22.9kOther Measuring Instruments

Top Product Potential Austria Liberia+$106kFlavored Water

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Austria () (2022)

Exports from Austria () to Liberia () (2022)

Latest Data

Trade between Liberia () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Liberia - Austria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring