Guinea (GIN) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Guinea-Liberia Trade: In 2023, Guinea exported $10.4M to Liberia. The main products that Guinea exported to Liberia were Rubber ($10.2M), Sheep and Goats ($83.3k), and Ground Nuts ($43.8k). Over the past 5 years the exports of Guinea to Liberia have increased at an annualized rate of 31%, from $2.69M in 2018 to $10.4M in 2023.

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

Liberia-Guinea Trade: In 2023, Liberia exported $941k to Guinea. The main products that Liberia exported to Guinea were Flavored Water ($592k), Raw Iron Bars ($271k), and Fruit Juice ($44.4k). Over the past 5 years the exports of Liberia to Guinea have increased at an annualized rate of 76.8%, from $54.6k in 2018 to $941k in 2023.

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

Comparison: In 2023, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). 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, Guinea exported $10.4M to Liberia. The main products exported from Guinea to Liberia were Rubber ($10.2M), Sheep and Goats ($83.3k), and Ground Nuts ($43.8k). During the last 5 years the exports of Guinea to Liberia have increased at an annualized rate of 31%, from $2.69M in 2018 to $10.4M in 2023.

In 2018, Liberia exported $941k to Guinea. The main products exported from Liberia to Guinea were Flavored Water ($592k), Raw Iron Bars ($271k), and Fruit Juice ($44.4k). During the last 5 years the exports of Liberia to Guinea have increased at an annualized rate of 76.8%, from $54.6k in 2023 to $941k in 2018.

Exports from Guinea () to Liberia () (2023)

Exports from Liberia () to Guinea () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Guinea than Liberia included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

In 2023, countries that imported more from Liberia than Guinea included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

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

Comparative Advantage Guinea - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Liberia in the exports of Plastics and Rubbers ($10.2M), Animal Products ($99.2k), and Vegetable Products ($93.9k).

During 2018, Liberia had a large net trade with Guinea in the exports of Foodstuffs ($637k), Metals ($271k), and Animal and Vegetable Bi-Products ($31.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Liberia+$2.43kRefined Petroleum

Top Product Potential Liberia Guinea+$3.38kRefined 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 Guinea and Liberia. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Liberia () (2023)

Exports from Liberia () to Guinea () (2023)

Market Competitiveness

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

Comparative Advantage Guinea - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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