Liberia (LBR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Liberia-Armenia Trade: In 2023, Liberia exported $115k to Armenia. The main products that Liberia exported to Armenia were Cocoa Beans ($115k). Over the past 14 years the exports of Liberia to Armenia have increased at an annualized rate of 75.1%, from $45 in 2009 to $115k in 2023.

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

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

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

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $115k to Armenia. The main products exported from Liberia to Armenia were Cocoa Beans ($115k). During the last 14 years the exports of Liberia to Armenia have increased at an annualized rate of 75.1%, from $45 in 2009 to $115k in 2023.

Armenia does not register exports to Liberia.

Exports from Liberia () to Armenia () (2023)

Exports from Armenia () to Liberia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Armenia
Top DestinationRussia$3.38B

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

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

In 2023, countries that imported more from Armenia than Liberia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Liberia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Armenia in the exports of Foodstuffs ($115k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Armenia+$2.73kGold

Top Product Potential Armenia Liberia+$1.42kRefined 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 Liberia and Armenia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Armenia () (2023)

Exports from Armenia () to Liberia () (2023)

Market Competitiveness

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

Comparative Advantage Liberia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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