Liberia (LBR) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Liberia-Denmark Trade: In 2022, Liberia exported $35.5M to Denmark. The main products that Liberia exported to Denmark were Passenger and Cargo Ships ($35.4M), Electric Soldering Equipment ($4.49k), and Scales ($3.01k). Over the past 5 years the exports of Liberia to Denmark have increased at an annualized rate of 201%, from $144k in 2017 to $35.5M in 2022.

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

Denmark-Liberia Trade: In 2022, Denmark exported $171M to Liberia. The main products that Denmark exported to Liberia were Passenger and Cargo Ships ($165M), Engine Parts ($713k), and Fork-Lifts ($567k). Over the past 5 years the exports of Denmark to Liberia have increased at an annualized rate of 99.5%, from $5.4M in 2017 to $171M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $35.5M to Denmark. The main products exported from Liberia to Denmark were Passenger and Cargo Ships ($35.4M), Electric Soldering Equipment ($4.49k), and Scales ($3.01k). During the last 5 years the exports of Liberia to Denmark have increased at an annualized rate of 201%, from $144k in 2017 to $35.5M in 2022.

In 2017, Denmark exported $171M to Liberia. The main products exported from Denmark to Liberia were Passenger and Cargo Ships ($165M), Engine Parts ($713k), and Fork-Lifts ($567k). During the last 5 years the exports of Denmark to Liberia have increased at an annualized rate of 99.5%, from $5.4M in 2022 to $171M in 2017.

Exports from Liberia () to Denmark () (2022)

Exports from Denmark () to Liberia () (2022)

Latest Data

Trade between Liberia () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Liberia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Liberia - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Denmark in the exports of Transportation ($35.4M), Machines ($11.6k), and Metals ($1.44k).

During 2017, Denmark had a large net trade with Liberia in the exports of Transportation ($165M), Machines ($2.7M), and Foodstuffs ($737k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Denmark+$6.2kIron Structures

Top Product Potential Denmark Liberia+$204kValves

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Denmark () (2022)

Exports from Denmark () to Liberia () (2022)

Latest Data

Trade between Liberia () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Liberia - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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