Liberia (LBR) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Liberia-Hungary Trade: In 2023, Liberia exported $24.6k to Hungary. The main products that Liberia exported to Hungary were Broadcasting Equipment ($24.6k). Over the past 5 years the exports of Liberia to Hungary have increased at an annualized rate of 177%, from $150 in 2018 to $24.6k in 2023.

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

Hungary-Liberia Trade: In 2023, Hungary exported $1.43M to Liberia. The main products that Hungary exported to Liberia were Poultry Meat ($567k), Other Nitrogen Compounds ($275k), and Cars ($212k). Over the past 5 years the exports of Hungary to Liberia have decreased at an annualized rate of 9.67%, from $2.38M in 2018 to $1.43M in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $24.6k to Hungary. The main products exported from Liberia to Hungary were Broadcasting Equipment ($24.6k). During the last 5 years the exports of Liberia to Hungary have increased at an annualized rate of 177%, from $150 in 2018 to $24.6k in 2023.

In 2018, Hungary exported $1.43M to Liberia. The main products exported from Hungary to Liberia were Poultry Meat ($567k), Other Nitrogen Compounds ($275k), and Cars ($212k). During the last 5 years the exports of Hungary to Liberia have decreased at an annualized rate of 9.67%, from $2.38M in 2023 to $1.43M in 2018.

Exports from Liberia () to Hungary () (2023)

Exports from Hungary () to Liberia () (2023)

Latest Data

Trade between Liberia () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Liberia than Hungary included Lebanon ($105M), Tanzania ($38M), and Ghana ($27M).

In 2023, countries that imported more from Hungary than Liberia included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Liberia - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Hungary in the exports of Machines ($24.6k).

During 2018, Hungary had a large net trade with Liberia in the exports of Animal Products ($776k), Chemical Products ($275k), and Transportation ($212k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Hungary+$13.2kTelephones

Top Product Potential Hungary Liberia+$493kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Hungary () (2023)

Exports from Hungary () to Liberia () (2023)

Latest Data

Trade between Liberia () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Liberia - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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