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Pricing

2023
Flag → Flag
Exports $35.6MRnk 153 / 219
2023
Flag → Flag
Top Product $18MPassenger and Cargo Ships
2023
Flag → Flag
Exports $8.02MRnk 26 / 112
2023
Flag → Flag
Top Product $6.68MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Italy-Liberia Trade: In 2023, Italy exported $35.6M to Liberia. The main products that Italy exported to Liberia were Passenger and Cargo Ships ($18M), Liquid Dispersing Machines ($1.53M), and Edible Offal ($1.4M). Over the past 5 years the exports of Italy to Liberia have increased at an annualized rate of 10.2%, from $21.9M in 2018 to $35.6M in 2023.

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

Liberia-Italy Trade: In 2023, Liberia exported $8.02M to Italy. The main products that Liberia exported to Italy were Passenger and Cargo Ships ($6.68M), Rubber ($871k), and Rough Wood ($291k). Over the past 5 years the exports of Liberia to Italy have increased at an annualized rate of 11.5%,  from $4.65M in 2018 to $8.02M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Liberia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Liberia were N/A. In N/A the top imports of Italy from Liberia were .

Growth In N/A, the N/A in Italy's year-by-year exports to Liberia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Liberia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $35.6M to Liberia. The main products exported from Italy to Liberia were Passenger and Cargo Ships ($18M), Liquid Dispersing Machines ($1.53M), and Edible Offal ($1.4M). During the last 5 years the exports of Italy to Liberia have increased at an annualized rate of 10.2%, from $21.9M in 2018 to $35.6M in 2023.

In 2018, Liberia exported $8.02M to Italy. The main products exported from Liberia to Italy were Passenger and Cargo Ships ($6.68M), Rubber ($871k), and Rough Wood ($291k). During the last 5 years the exports of Liberia to Italy have increased at an annualized rate of 11.5%, from $4.65M in 2023 to $8.02M in 2018.

Exports from Italy (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Italy than Liberia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Liberia than from Italy.

Difference in imports from Liberia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Liberia

Flow
Scale

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

During 2023, Italy had a large net trade with Liberia in the exports of Transportation ($18.6M), Machines ($10.3M), and Animal Products ($2.64M).

During 2018, Liberia had a large net trade with Italy in the exports of Transportation ($6.68M), Plastics and Rubbers ($871k), and Wood Products ($336k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Liberia+$6.5MPassenger and Cargo Ships
Top Product Potential Liberia Italy+$2.42MRubber

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

Product Space of Italy (Flag) and Liberia (Flag) (2023)

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