Iceland (ISL) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Iceland-Liberia Trade: In 2023, Iceland exported $11.7k to Liberia. The main products that Iceland exported to Liberia were Fishing and Hunting Equipment ($6.17k), Fruit Pressing Machinery ($3.49k), and Thermostats ($1.84k). Over the past 5 years the exports of Iceland to Liberia have decreased at an annualized rate of 41.3%, from $169k in 2018 to $11.7k in 2023.

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

Liberia-Iceland In N/A, Liberia did not export any products to Iceland.

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

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $11.7k to Liberia. The main products exported from Iceland to Liberia were Fishing and Hunting Equipment ($6.17k), Fruit Pressing Machinery ($3.49k), and Thermostats ($1.84k). During the last 5 years the exports of Iceland to Liberia have decreased at an annualized rate of 41.3%, from $169k in 2018 to $11.7k in 2023.

Liberia does not register exports to Iceland. The main products exported from Liberia to Iceland were Electrical Power Accessories ($11.3k) and Plastic Pipes ($1.29k).

Exports from Iceland () to Liberia () (2023)

Exports from Liberia () to Iceland () (2023)

Latest Data

Trade between Iceland () and Liberia ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Iceland than Liberia included Netherlands ($1.97B), United States ($735M), and Germany ($771M).

In 2023, countries that imported more from Liberia than Iceland included Switzerland ($708M), Lebanon ($105M), and United Arab Emirates ($71.6M).

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

Comparative Advantage Iceland - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Liberia in the exports of Miscellaneous ($6.17k), Machines ($3.49k), and Instruments ($1.84k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Liberia () (2023)

Exports from Liberia () to Iceland () (2023)

Latest Data

Trade between Iceland () and Liberia ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Liberia

Economic Complexity

Competitive Landscape

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

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