Liberia (LBR) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Liberia-Romania Trade: In 2023, Liberia exported $1.32M to Romania. The main products that Liberia exported to Romania were Rubber ($1.32M) and Electrical Ignitions ($415). Over the past 5 years the exports of Liberia to Romania have increased at an annualized rate of 61.6%, from $119k in 2018 to $1.32M in 2023.

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

Romania-Liberia Trade: In 2023, Romania exported $1.03M to Liberia. The main products that Romania exported to Liberia were Cars ($394k), Electrical Transformers ($147k), and Poultry Meat ($122k). Over the past 5 years the exports of Romania to Liberia have decreased at an annualized rate of 14.2%, from $2.22M in 2018 to $1.03M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $1.32M to Romania. The main products exported from Liberia to Romania were Rubber ($1.32M) and Electrical Ignitions ($415). During the last 5 years the exports of Liberia to Romania have increased at an annualized rate of 61.6%, from $119k in 2018 to $1.32M in 2023.

In 2018, Romania exported $1.03M to Liberia. The main products exported from Romania to Liberia were Cars ($394k), Electrical Transformers ($147k), and Poultry Meat ($122k). During the last 5 years the exports of Romania to Liberia have decreased at an annualized rate of 14.2%, from $2.22M in 2023 to $1.03M in 2018.

Exports from Liberia () to Romania () (2023)

Exports from Romania () to Liberia () (2023)

Latest Data

Trade between Liberia () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Liberia than Romania included Tanzania ($38M), Ghana ($27M), and Cameroon ($10.6M).

In 2023, countries that imported more from Romania than Liberia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Liberia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Romania in the exports of Plastics and Rubbers ($1.32M) and Machines ($415).

During 2018, Romania had a large net trade with Liberia in the exports of Transportation ($394k), Animal Products ($261k), and Machines ($223k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Romania+$1.3MRubber

Top Product Potential Romania Liberia+$474kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Romania () (2023)

Exports from Romania () to Liberia () (2023)

Latest Data

Trade between Liberia () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Liberia - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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