Colombia (COL) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Colombia-Liberia Trade: In 2023, Colombia exported $1.27M to Liberia. The main products that Colombia exported to Liberia were Edible Offal ($407k), Garden Tools ($378k), and Confectionery Sugar ($256k). Over the past 5 years the exports of Colombia to Liberia have increased at an annualized rate of 6.39%, from $933k in 2018 to $1.27M in 2023.

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

Liberia-Colombia Trade: In 2023, Liberia exported $4.35k to Colombia. The main products that Liberia exported to Colombia were Refrigerators ($4.35k). Over the past 5 years the exports of Liberia to Colombia have decreased at an annualized rate of 46.9%, from $103k in 2018 to $4.35k in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $1.27M to Liberia. The main products exported from Colombia to Liberia were Edible Offal ($407k), Garden Tools ($378k), and Confectionery Sugar ($256k). During the last 5 years the exports of Colombia to Liberia have increased at an annualized rate of 6.39%, from $933k in 2018 to $1.27M in 2023.

In 2018, Liberia exported $4.35k to Colombia. The main products exported from Liberia to Colombia were Refrigerators ($4.35k). During the last 5 years the exports of Liberia to Colombia have decreased at an annualized rate of 46.9%, from $103k in 2023 to $4.35k in 2018.

Exports from Colombia () to Liberia () (2023)

Exports from Liberia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Liberia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Colombia than Liberia included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Liberia than Colombia included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

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

Comparative Advantage Colombia - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Liberia in the exports of Metals ($530k), Animal Products ($407k), and Foodstuffs ($335k).

During 2018, Liberia had a large net trade with Colombia in the exports of Machines ($4.35k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Liberia+$37.1kConfectionery Sugar

Top Product Potential Liberia Colombia+$4.25kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Liberia () (2023)

Exports from Liberia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Liberia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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