2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 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 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

Denmark-Liberia Trade: In 2022, Denmark exported $171M to Liberia. The main products that Denmark exported to Liberia were Passenger and Cargo Ships ($165M), Engine Parts ($713k), and Fork-Lifts ($567k). Over the past 5 years the exports of Denmark to Liberia have increased at an annualized rate of 99.5%, from $5.4M in 2017 to $171M in 2022.

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

Liberia-Denmark Trade: In 2022, Liberia exported $35.5M to Denmark. The main products that Liberia exported to Denmark were Passenger and Cargo Ships ($35.4M), Electric Soldering Equipment ($4.49k), and Scales ($3.01k). Over the past 5 years the exports of Liberia to Denmark have increased at an annualized rate of 201%,  from $144k in 2017 to $35.5M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). 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, Denmark exported $171M to Liberia. The main products exported from Denmark to Liberia were Passenger and Cargo Ships ($165M), Engine Parts ($713k), and Fork-Lifts ($567k). During the last 5 years the exports of Denmark to Liberia have increased at an annualized rate of 99.5%, from $5.4M in 2017 to $171M in 2022.

In 2017, Liberia exported $35.5M to Denmark. The main products exported from Liberia to Denmark were Passenger and Cargo Ships ($35.4M), Electric Soldering Equipment ($4.49k), and Scales ($3.01k). During the last 5 years the exports of Liberia to Denmark have increased at an annualized rate of 201%, from $144k in 2022 to $35.5M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and Liberia (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
Liberia
Top Destination
Switzerland$544M

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

In 2022, countries that imported more from Denmark than Liberia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Liberia than Denmark included Lebanon ($106M), Tanzania ($41.5M), and Rwanda ($18.2M).

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

Comparative Advantage Denmark - Liberia

Flow
Scale

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

During 2022, Denmark had a large net trade with Liberia in the exports of Transportation ($165M), Machines ($2.7M), and Foodstuffs ($737k).

During 2017, Liberia had a large net trade with Denmark in the exports of Transportation ($35.4M), Machines ($11.6k), and Metals ($1.44k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Liberia+$204kValves
Top Product Potential Liberia Denmark+$6.2kIron Structures

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 Denmark and Liberia. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Denmark.

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

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