2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
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GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Romania-Liberia Trade: In 2022, Romania exported $45.1M to Liberia. The main products that Romania exported to Liberia were Passenger and Cargo Ships ($44.4M), Cars ($321k), and Video and Card Games ($115k). Over the past 5 years the exports of Romania to Liberia have decreased at an annualized rate of 18.8%, from $128M in 2017 to $45.1M in 2022.

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

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

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $45.1M to Liberia. The main products exported from Romania to Liberia were Passenger and Cargo Ships ($44.4M), Cars ($321k), and Video and Card Games ($115k). During the last 5 years the exports of Romania to Liberia have decreased at an annualized rate of 18.8%, from $128M in 2017 to $45.1M in 2022.

Liberia does not register exports to Romania. The main products exported from Liberia to Romania were Rubber ($4.25M).

Exports from Romania (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Liberia (Flag)

Romania Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Liberia
Top Destination
Switzerland$544M

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

In 2022, countries that imported more from Romania than Liberia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Liberia than Romania included Tanzania ($41.5M), Rwanda ($18.2M), and Cote d'Ivoire ($25.3M).

Difference in imports from Liberia (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Liberia

Flow
Scale

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

During 2022, Romania had a large net trade with Liberia in the exports of Transportation ($44.7M), Animal Products ($162k), and Miscellaneous ($115k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Liberia+$474kCars
Top Product Potential Liberia Romania+$1.3MRubber

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

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

Product Space of Romania (Flag) and Liberia (Flag) (2022)

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