Liberia (LBR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Liberia-Venezuela Trade: In 2013, Liberia exported $19.9k to Venezuela. The main products that Liberia exported to Venezuela were N/A. Over the past 8 years the exports of Liberia to Venezuela have decreased at an annualized rate of 25.6%, from $211k in 2005 to $19.9k in 2013.

In 2013, Liberia did not export any services to Venezuela.

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

In 2013, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, Liberia exported $19.9k to Venezuela. There were not main exports from Liberia to Venezuela in 2013. During the last 8 years the exports of Liberia to Venezuela have decreased at an annualized rate of 25.6%, from $211k in 2005 to $19.9k in 2013.

Venezuela does not register exports to Liberia.

Exports from Liberia () to Venezuela () (2021)

Exports from Venezuela () to Liberia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Liberia than Venezuela included Switzerland ($708M), United Kingdom ($306M), and Germany ($155M).

In 2023, countries that imported more from Venezuela than Liberia included United States ($3.81B), China ($739M), and Spain ($670M).

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

Comparative Advantage Liberia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, Liberia had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Venezuela () (2021)

Exports from Venezuela () to Liberia () (2021)

Market Competitiveness

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

Comparative Advantage Liberia - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Liberia () and Venezuela () (2021)

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