Liberia (LBR) and Guinea (GIN) Trade | The Observatory of Economic Complexity

About

Liberia-Guinea Trade: In 2023, Liberia exported $941k to Guinea. The main products that Liberia exported to Guinea were Flavored Water ($592k), Raw Iron Bars ($271k), and Fruit Juice ($44.4k). Over the past 8 years the exports of Liberia to Guinea have decreased at an annualized rate of 25%, from $9.39M in 2015 to $941k in 2023.

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

Guinea-Liberia Trade: In 2023, Guinea exported $10.4M to Liberia. The main products that Guinea exported to Liberia were Rubber ($10.2M), Sheep and Goats ($83.3k), and Ground Nuts ($43.8k). Over the past 8 years the exports of Guinea to Liberia have increased at an annualized rate of 31%, from $2.69M in 2015 to $10.4M in 2023.

In 2023, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $941k to Guinea. The main products exported from Liberia to Guinea were Flavored Water ($592k), Raw Iron Bars ($271k), and Fruit Juice ($44.4k). During the last 8 years the exports of Liberia to Guinea have decreased at an annualized rate of 25%, from $9.39M in 2015 to $941k in 2023.

In 2018, Guinea exported $10.4M to Liberia. The main products exported from Guinea to Liberia were Rubber ($10.2M), Sheep and Goats ($83.3k), and Ground Nuts ($43.8k). During the last 5 years the exports of Guinea to Liberia have increased at an annualized rate of 31%, from $2.69M in 2023 to $10.4M in 2018.

Exports from Liberia () to Guinea () (2023)

Exports from Guinea () to Liberia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Liberia than Guinea included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

In 2023, countries that imported more from Guinea than Liberia included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

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

Comparative Advantage Liberia - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Guinea in the exports of Foodstuffs ($637k), Metals ($271k), and Animal and Vegetable Bi-Products ($31.5k).

During 2018, Guinea had a large net trade with Liberia in the exports of Plastics and Rubbers ($10.2M), Animal Products ($99.2k), and Vegetable Products ($93.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Guinea+$3.38kRefined Petroleum

Top Product Potential Guinea Liberia+$2.43kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Guinea. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Guinea () (2023)

Exports from Guinea () to Liberia () (2023)

Market Competitiveness

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

Comparative Advantage Liberia - Guinea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring