Liberia (LBR) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Liberia-Spain Trade: In 2022, Liberia exported $53.1M to Spain. The main products that Liberia exported to Spain were Iron Ore ($29.4M), Rubber ($15.9M), and Palm Oil ($7.76M). Over the past 5 years the exports of Liberia to Spain have increased at an annualized rate of 42.4%, from $9.07M in 2017 to $53.1M in 2022.

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

Spain-Liberia Trade: In 2022, Spain exported $20M to Liberia. The main products that Spain exported to Liberia were Iron Railway Products ($4.85M), Unglazed Ceramics ($2.1M), and Pig Meat ($1.12M). Over the past 5 years the exports of Spain to Liberia have increased at an annualized rate of 3.22%, from $17.1M in 2017 to $20M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $53.1M to Spain. The main products exported from Liberia to Spain were Iron Ore ($29.4M), Rubber ($15.9M), and Palm Oil ($7.76M). During the last 5 years the exports of Liberia to Spain have increased at an annualized rate of 42.4%, from $9.07M in 2017 to $53.1M in 2022.

In 2017, Spain exported $20M to Liberia. The main products exported from Spain to Liberia were Iron Railway Products ($4.85M), Unglazed Ceramics ($2.1M), and Pig Meat ($1.12M). During the last 5 years the exports of Spain to Liberia have increased at an annualized rate of 3.22%, from $17.1M in 2022 to $20M in 2017.

Exports from Liberia () to Spain () (2022)

Exports from Spain () to Liberia () (2022)

Latest Data

Trade between Liberia () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Liberia than Spain included Rwanda ($18.2M).

In 2022, countries that imported more from Spain than Liberia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Liberia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Spain in the exports of Mineral Products ($29.4M), Plastics and Rubbers ($15.9M), and Animal and Vegetable Bi-Products ($7.76M).

During 2017, Spain had a large net trade with Liberia in the exports of Metals ($5.71M), Animal Products ($4.01M), and Mineral Products ($2.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Spain+$4.26MPalm Oil

Top Product Potential Spain Liberia+$428kPig Meat

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Spain () (2022)

Exports from Spain () to Liberia () (2022)

Latest Data

Trade between Liberia () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Liberia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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