Israel (ISR) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Israel-Liberia Trade: In 2023, Israel exported $23k to Liberia. The main products that Israel exported to Liberia were Mixed Mineral or Chemical Fertilizers ($16.7k), Other Measuring Instruments ($2.55k), and Rubber Tires ($2.18k). Over the past 5 years the exports of Israel to Liberia have decreased at an annualized rate of 53.8%, from $1.09M in 2018 to $23k in 2023.

In 2007, Israel exported services to Liberia worth $0, with being the largest in terms of value.

Liberia-Israel Trade: In 2023, Liberia exported $356k to Israel. The main products that Liberia exported to Israel were Diamonds ($355k) and Electrical Control Boards ($1k). Over the past 5 years the exports of Liberia to Israel have increased at an annualized rate of 41.8%, from $62k in 2018 to $356k in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $23k to Liberia. The main products exported from Israel to Liberia were Mixed Mineral or Chemical Fertilizers ($16.7k), Other Measuring Instruments ($2.55k), and Rubber Tires ($2.18k). During the last 5 years the exports of Israel to Liberia have decreased at an annualized rate of 53.8%, from $1.09M in 2018 to $23k in 2023.

In 2018, Liberia exported $356k to Israel. The main products exported from Liberia to Israel were Diamonds ($355k) and Electrical Control Boards ($1k). During the last 5 years the exports of Liberia to Israel have increased at an annualized rate of 41.8%, from $62k in 2023 to $356k in 2018.

Exports from Israel () to Liberia () (2023)

Exports from Liberia () to Israel () (2023)

Latest Data

Trade between Israel () and Liberia ()

Israel Exports

Date

May 2020

Mar 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Israel than Liberia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Liberia than Israel included Lebanon ($105M), Switzerland ($708M), and Tanzania ($38M).

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

Comparative Advantage Israel - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Liberia in the exports of Chemical Products ($16.7k), Instruments ($2.55k), and Plastics and Rubbers ($2.18k).

During 2018, Liberia had a large net trade with Israel in the exports of Precious Metals ($355k) and Machines ($1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Liberia+$258kTelephones

Top Product Potential Liberia Israel+$4.03kRefined 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 Israel and Liberia. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Israel.

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Liberia () (2023)

Exports from Liberia () to Israel () (2023)

Latest Data

Trade between Israel () and Liberia ()

Israel Exports

Market Competitiveness

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

Comparative Advantage Israel - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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