2022
Flag  
GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Liberia-Ecuador Trade: In 2021, Liberia exported $36.1k to Ecuador. The main products that Liberia exported to Ecuador were N/A. Over the past 6 years the exports of Liberia to Ecuador have increased at an annualized rate of 57.6%, from $2.35k in 2015 to $36.1k in 2021.

In 2021, Liberia did not export any services to Ecuador.

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

In 2021, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Liberia exported $36.1k to Ecuador. There were not main exports from Liberia to Ecuador in 2021. During the last 6 years the exports of Liberia to Ecuador have increased at an annualized rate of 57.6%, from $2.35k in 2015 to $36.1k in 2021.

Ecuador does not register exports to Liberia.

Exports from Liberia (Flag) to Ecuador (Flag) (2021)

Exports from Ecuador (Flag) to Liberia (Flag) (2021)

Latest Data

Trade between Liberia (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Liberia
Top Destination
Switzerland$544M
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Liberia than Ecuador included Switzerland ($544M), Lebanon ($106M), and Cyprus ($53.7M).

In 2022, countries that imported more from Ecuador than Liberia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Ecuador

Flow
Scale

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

During 2021, Liberia had a large net trade with Ecuador in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Ecuador+$3.43kRefined Petroleum
Top Product Potential Ecuador Liberia+$3.98kRefined 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 Ecuador. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Liberia.

Product Space of Liberia (Flag) and Ecuador (Flag) (2021)

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