Liberia (LBR) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Liberia-Belgium Trade: In 2022, Liberia exported $23.8M to Belgium. The main products that Liberia exported to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). Over the past 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%, from $9.87M in 2017 to $23.8M in 2022.

In 2022, Liberia did not export any services to Belgium.

Belgium-Liberia Trade: In 2022, Belgium exported $49M to Liberia. The main products that Belgium exported to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). Over the past 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%, from $20.2M in 2017 to $49M in 2022.

In 2022, Belgium did not export any services to Liberia.

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $23.8M to Belgium. The main products exported from Liberia to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). During the last 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%, from $9.87M in 2017 to $23.8M in 2022.

In 2017, Belgium exported $49M to Liberia. The main products exported from Belgium to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). During the last 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%, from $20.2M in 2022 to $49M in 2017.

Exports from Liberia () to Belgium () (2022)

Exports from Belgium () to Liberia () (2022)

Latest Data

Trade between Liberia () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Liberia than from Belgium.

In 2022, countries that imported more from Belgium than Liberia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Liberia () (2022)

Comparative Advantage Liberia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Belgium in the exports of N/A.

During 2017, Belgium had a large net trade with Liberia in the exports of Transportation ($20M), Mineral Products ($13.6M), and Chemical Products ($4.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Belgium+$2.92MDiamonds

Top Product Potential Belgium Liberia+$14MRefined 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 Belgium. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Belgium () (2022)

Exports from Belgium () to Liberia () (2022)

Latest Data

Trade between Liberia () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Liberia () (2022)

Comparative Advantage Liberia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Belgium () (2022)

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