Liberia (LBR) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Liberia-Guatemala Trade: In 2022, Liberia exported $34 to Guatemala. The main products that Liberia exported to Guatemala were Palm Oil ($34). Over the past 14 years the exports of Liberia to Guatemala have decreased at an annualized rate of 35.7%, from $16.6k in 2008 to $34 in 2022.

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

Guatemala-Liberia In N/A, Guatemala did not export any products to Liberia.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $34 to Guatemala. The main products exported from Liberia to Guatemala were Palm Oil ($34). During the last 14 years the exports of Liberia to Guatemala have decreased at an annualized rate of 35.7%, from $16.6k in 2008 to $34 in 2022.

Guatemala does not register exports to Liberia. The main products exported from Guatemala to Liberia were Refined Petroleum ($398k).

Exports from Liberia () to Guatemala () (2022)

Exports from Guatemala () to Liberia () (2022)

Latest Data

Trade between Liberia () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Liberia than Guatemala included Switzerland ($544M), France ($158M), and Lebanon ($106M).

In 2022, countries that imported more from Guatemala than Liberia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

Comparative Advantage Liberia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Guatemala in the exports of Animal and Vegetable Bi-Products ($34).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Guatemala+$3.52kRefined Petroleum

Top Product Potential Guatemala Liberia+$424kRefined 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 Guatemala. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Guatemala () (2022)

Exports from Guatemala () to Liberia () (2022)

Latest Data

Trade between Liberia () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Liberia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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