Greece (GRC) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Greece-Liberia Trade: In 2023, Greece exported $180M to Liberia. The main products that Greece exported to Liberia were Refined Petroleum ($77.8M), Passenger and Cargo Ships ($49.6M), and Engine Parts ($19.5M). Over the past 5 years the exports of Greece to Liberia have decreased at an annualized rate of 2.73%, from $207M in 2018 to $180M in 2023.

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

Liberia-Greece Trade: In 2023, Liberia exported $9.81M to Greece. The main products that Liberia exported to Greece were Passenger and Cargo Ships ($9.4M), Cocoa Beans ($185k), and Scrap Iron ($91.9k). Over the past 5 years the exports of Liberia to Greece have decreased at an annualized rate of 12.5%, from $37.1M in 2018 to $9.81M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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, Greece exported $180M to Liberia. The main products exported from Greece to Liberia were Refined Petroleum ($77.8M), Passenger and Cargo Ships ($49.6M), and Engine Parts ($19.5M). During the last 5 years the exports of Greece to Liberia have decreased at an annualized rate of 2.73%, from $207M in 2018 to $180M in 2023.

In 2018, Liberia exported $9.81M to Greece. The main products exported from Liberia to Greece were Passenger and Cargo Ships ($9.4M), Cocoa Beans ($185k), and Scrap Iron ($91.9k). During the last 5 years the exports of Liberia to Greece have decreased at an annualized rate of 12.5%, from $37.1M in 2023 to $9.81M in 2018.

Exports from Greece () to Liberia () (2023)

Exports from Liberia () to Greece () (2023)

Latest Data

Trade between Greece () and Liberia ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Greece than Liberia included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

In 2023, countries that imported more from Liberia than Greece included Switzerland ($708M), Tanzania ($38M), and Cote d'Ivoire ($26.3M).

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

Comparative Advantage Greece - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Liberia in the exports of Mineral Products ($81.7M), Transportation ($50.4M), and Machines ($32.6M).

During 2018, Liberia had a large net trade with Greece in the exports of Transportation ($9.41M), Foodstuffs ($185k), and Metals ($132k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Liberia+$782kPassenger and Cargo Ships

Top Product Potential Liberia Greece+$140kScrap Aluminium

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Liberia () (2023)

Exports from Liberia () to Greece () (2023)

Latest Data

Trade between Greece () and Liberia ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Greece - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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