Liberia (LBR) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Liberia-Ecuador Trade: In 2023, Liberia exported $93k to Ecuador. The main products that Liberia exported to Ecuador were Other Steel Bars ($91.7k), Rubber Tires ($784), and Ball Bearings ($533). Over the past 7 years the exports of Liberia to Ecuador have increased at an annualized rate of 413%, from $1 in 2016 to $93k in 2023.

In 2023, Liberia did not export any services to Ecuador.

Ecuador-Liberia Trade: In 2023, Ecuador exported $254 to Liberia. The main products that Ecuador exported to Liberia were Processed Crustaceans ($226) and Coffee and Tea Extracts ($28). Over the past 7 years the exports of Ecuador to Liberia have decreased at an annualized rate of 72.5%, from $162k in 2016 to $254 in 2023.

In 2023, Ecuador did not export any services to Liberia.

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $93k to Ecuador. The main products exported from Liberia to Ecuador were Other Steel Bars ($91.7k), Rubber Tires ($784), and Ball Bearings ($533). During the last 7 years the exports of Liberia to Ecuador have increased at an annualized rate of 413%, from $1 in 2016 to $93k in 2023.

In 2018, Ecuador exported $254 to Liberia. The main products exported from Ecuador to Liberia were Processed Crustaceans ($226) and Coffee and Tea Extracts ($28). During the last 5 years the exports of Ecuador to Liberia have decreased at an annualized rate of 72.5%, from $162k in 2023 to $254 in 2018.

Exports from Liberia () to Ecuador () (2023)

Exports from Ecuador () to Liberia () (2023)

Latest Data

Trade between Liberia () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Liberia than Ecuador included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

In 2023, countries that imported more from Ecuador than Liberia included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

Difference in imports from Ecuador () and Liberia () (2023)

Comparative Advantage Liberia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Ecuador in the exports of Metals ($91.7k), Plastics and Rubbers ($784), and Machines ($533).

During 2018, Ecuador had a large net trade with Liberia in the exports of Foodstuffs ($254).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Ecuador+$3.43kRefined Petroleum

Top Product Potential Ecuador Liberia+$3.98kRefined 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 Ecuador. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Ecuador () (2023)

Exports from Ecuador () to Liberia () (2023)

Latest Data

Trade between Liberia () and Ecuador ()

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Liberia () (2023)

Comparative Advantage Liberia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Ecuador () (2023)

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