Liberia (LBR) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Liberia-Colombia Trade: In 2022, Liberia exported $254k to Colombia. The main products that Liberia exported to Colombia were Cinnamon ($210k) and Tufted Carpets ($43.9k). Over the past 5 years the exports of Liberia to Colombia have increased at an annualized rate of 47.1%, from $36.9k in 2017 to $254k in 2022.

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

Colombia-Liberia Trade: In 2022, Colombia exported $874k to Liberia. The main products that Colombia exported to Liberia were Garden Tools ($528k), Edible Offal ($232k), and Confectionery Sugar ($115k). Over the past 5 years the exports of Colombia to Liberia have increased at an annualized rate of 3.68%, from $730k in 2017 to $874k in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $254k to Colombia. The main products exported from Liberia to Colombia were Cinnamon ($210k) and Tufted Carpets ($43.9k). During the last 5 years the exports of Liberia to Colombia have increased at an annualized rate of 47.1%, from $36.9k in 2017 to $254k in 2022.

In 2017, Colombia exported $874k to Liberia. The main products exported from Colombia to Liberia were Garden Tools ($528k), Edible Offal ($232k), and Confectionery Sugar ($115k). During the last 5 years the exports of Colombia to Liberia have increased at an annualized rate of 3.68%, from $730k in 2022 to $874k in 2017.

Exports from Liberia () to Colombia () (2022)

Exports from Colombia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Liberia than Colombia included Switzerland ($544M), Lebanon ($106M), and Cyprus ($53.7M).

In 2022, countries that imported more from Colombia than Liberia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Liberia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Colombia in the exports of Vegetable Products ($210k) and Textiles ($43.9k).

During 2017, Colombia had a large net trade with Liberia in the exports of Metals ($528k), Animal Products ($232k), and Foodstuffs ($115k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Colombia+$4.25kRefined Petroleum

Top Product Potential Colombia Liberia+$37.1kConfectionery Sugar

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 Colombia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Colombia () (2022)

Exports from Colombia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Liberia - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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