2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 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 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Colombia-Liberia Trade: In 2022, Colombia exported $874k to Liberia. The main products that Colombia exported to Liberia were Garden Tools ($528k), Edible Offal ($232k), and Confectionery Sugar ($115k). Over the past 5 years the exports of Colombia to Liberia have increased at an annualized rate of 3.68%, from $730k in 2017 to $874k in 2022.

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

Liberia-Colombia Trade: In 2022, Liberia exported $254k to Colombia. The main products that Liberia exported to Colombia were Cinnamon ($210k) and Tufted Carpets ($43.9k). Over the past 5 years the exports of Liberia to Colombia have increased at an annualized rate of 47.1%,  from $36.9k in 2017 to $254k in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $874k to Liberia. The main products exported from Colombia to Liberia were Garden Tools ($528k), Edible Offal ($232k), and Confectionery Sugar ($115k). During the last 5 years the exports of Colombia to Liberia have increased at an annualized rate of 3.68%, from $730k in 2017 to $874k in 2022.

In 2017, Liberia exported $254k to Colombia. The main products exported from Liberia to Colombia were Cinnamon ($210k) and Tufted Carpets ($43.9k). During the last 5 years the exports of Liberia to Colombia have increased at an annualized rate of 47.1%, from $36.9k in 2022 to $254k in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Liberia (Flag)

Colombia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Liberia
Top Destination
Switzerland$544M

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 2022, countries that imported more from Colombia than Liberia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Liberia than Colombia included Switzerland ($544M), Lebanon ($106M), and Cyprus ($53.7M).

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

Comparative Advantage Colombia - Liberia

Flow
Scale

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

During 2022, Colombia had a large net trade with Liberia in the exports of Metals ($528k), Animal Products ($232k), and Foodstuffs ($115k).

During 2017, Liberia had a large net trade with Colombia in the exports of Vegetable Products ($210k) and Textiles ($43.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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