2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH
33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH
8.6%CURRENT US$
Rnk 138 / 195

About

Chile-Liberia Trade: In 2023, Chile exported $1.99M to Liberia. The main products that Chile exported to Liberia were Wine ($868k), Rough Wood ($417k), and Non-fillet Frozen Fish ($309k). Over the past 5 years the exports of Chile to Liberia have decreased at an annualized rate of 1.61%, from $2.16M in 2018 to $1.99M in 2023.

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

Liberia-Chile Trade: In 2023, Liberia exported $6.44M to Chile. The main products that Liberia exported to Chile were Refined Petroleum ($6.44M). Over the past 5 years the exports of Liberia to Chile have increased at an annualized rate of 398%,  from $2.1k in 2018 to $6.44M in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $1.99M to Liberia. The main products exported from Chile to Liberia were Wine ($868k), Rough Wood ($417k), and Non-fillet Frozen Fish ($309k). During the last 5 years the exports of Chile to Liberia have decreased at an annualized rate of 1.61%, from $2.16M in 2018 to $1.99M in 2023.

In 2018, Liberia exported $6.44M to Chile. The main products exported from Liberia to Chile were Refined Petroleum ($6.44M). During the last 5 years the exports of Liberia to Chile have increased at an annualized rate of 398%, from $2.1k in 2023 to $6.44M in 2018.

Exports from Chile (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Liberia
Top Destination
Switzerland$708M

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

In 2023, countries that imported more from Chile than Liberia included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Liberia than Chile included Lebanon ($105M), Tanzania ($38M), and Cyprus ($18.6M).

Difference in imports from Liberia (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Liberia

Flow
Scale

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

During 2023, Chile had a large net trade with Liberia in the exports of Foodstuffs ($868k), Animal Products ($569k), and Wood Products ($417k).

During 2018, Liberia had a large net trade with Chile in the exports of Mineral Products ($6.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Liberia+$204kNon-fillet Frozen Fish
Top Product Potential Liberia Chile+$4.7kRefined 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

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

Product Space of Chile (Flag) and Liberia (Flag) (2023)

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