Liberia (LBR) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Liberia-Benin Trade: In 2022, Liberia exported $8.02k to Benin. The main products that Liberia exported to Benin were Used Clothing ($8.02k). Over the past 5 years the exports of Liberia to Benin have decreased at an annualized rate of 69.9%, from $3.25M in 2017 to $8.02k in 2022.

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

Benin-Liberia Trade: In 2022, Benin exported $1.68k to Liberia. The main products that Benin exported to Liberia were Other Oily Seeds ($1.68k). Over the past 5 years the exports of Benin to Liberia have decreased at an annualized rate of 57.6%, from $123k in 2017 to $1.68k in 2022.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $8.02k to Benin. The main products exported from Liberia to Benin were Used Clothing ($8.02k). During the last 5 years the exports of Liberia to Benin have decreased at an annualized rate of 69.9%, from $3.25M in 2017 to $8.02k in 2022.

In 2017, Benin exported $1.68k to Liberia. The main products exported from Benin to Liberia were Other Oily Seeds ($1.68k). During the last 5 years the exports of Benin to Liberia have decreased at an annualized rate of 57.6%, from $123k in 2022 to $1.68k in 2017.

Exports from Liberia () to Benin () (2022)

Exports from Benin () to Liberia () (2022)

Latest Data

Trade between Liberia () and Benin ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Liberia than Benin included Switzerland ($544M), Germany ($156M), and United Kingdom ($148M).

In 2022, countries that imported more from Benin than Liberia included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

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

Comparative Advantage Liberia - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Benin in the exports of Textiles ($8.02k).

During 2017, Benin had a large net trade with Liberia in the exports of Vegetable Products ($1.68k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Benin+$2.76kRefined Petroleum

Top Product Potential Benin Liberia+$2.89kRefined 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 Benin. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Benin () (2022)

Exports from Benin () to Liberia () (2022)

Latest Data

Trade between Liberia () and Benin ()

Benin Exports

Market Competitiveness

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

Comparative Advantage Liberia - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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