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2022
Flag → Flag
Exports $122Rnk 82 / 86
2022
Flag → Flag
Top Product $122Transmissions
2022
Flag → Flag
Exports $25.7kRnk 142 / 163
2022
Flag → Flag
Top Product $22.2kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Liberia-Dominican Republic Trade: In 2022, Liberia exported $122 to Dominican Republic. The main products that Liberia exported to Dominican Republic were Transmissions ($122). Over the past 6 years the exports of Liberia to Dominican Republic have decreased at an annualized rate of 22.4%, from $558 in 2016 to $122 in 2022.

In 2022, Liberia did not export any services to Dominican Republic.

Dominican Republic-Liberia Trade: In 2022, Dominican Republic exported $25.7k to Liberia. The main products that Dominican Republic exported to Liberia were Refined Petroleum ($22.2k), Textile Scraps ($2.27k), and Rolled Tobacco ($1.2k). Over the past 6 years the exports of Dominican Republic to Liberia have decreased at an annualized rate of 12.7%,  from $50.8k in 2016 to $25.7k in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $122 to Dominican Republic. The main products exported from Liberia to Dominican Republic were Transmissions ($122). During the last 6 years the exports of Liberia to Dominican Republic have decreased at an annualized rate of 22.4%, from $558 in 2016 to $122 in 2022.

In 2017, Dominican Republic exported $25.7k to Liberia. The main products exported from Dominican Republic to Liberia were Refined Petroleum ($22.2k), Textile Scraps ($2.27k), and Rolled Tobacco ($1.2k). During the last 5 years the exports of Dominican Republic to Liberia have decreased at an annualized rate of 12.7%, from $50.8k in 2022 to $25.7k in 2017.

Exports from Liberia (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Liberia (Flag) (2022)

Latest Data

Trade between Liberia (Flag) and Dominican Republic (Flag)

Dominican Republic Exports

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Liberia than Dominican Republic included Lebanon ($106M), France ($158M), and Poland ($124M).

In 2022, countries that imported more from Dominican Republic than Liberia included United States ($6.85B), Haiti ($1.02B), and Switzerland ($1.08B).

Difference in imports from Dominican Republic (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Dominican Republic

Flow
Scale

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

During 2022, Liberia had a large net trade with Dominican Republic in the exports of Machines ($122).

During 2017, Dominican Republic had a large net trade with Liberia in the exports of Mineral Products ($22.2k), Textiles ($2.27k), and Foodstuffs ($1.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Dominican Republic+$3.16kRefined Petroleum
Top Product Potential Dominican Republic Liberia+$1.99kRefined 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

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

Product Space of Liberia (Flag) and Dominican Republic (Flag) (2022)

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