Liberia (LBR) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Liberia-Spain Trade: In 2023, Liberia exported $65.5M to Spain. The main products that Liberia exported to Spain were Iron Ore ($48.6M), Rubber ($9.51M), and Palm Oil ($7.03M). Over the past 5 years the exports of Liberia to Spain have increased at an annualized rate of 30.8%, from $17.1M in 2018 to $65.5M in 2023.

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

Spain-Liberia Trade: In 2023, Spain exported $28.7M to Liberia. The main products that Spain exported to Liberia were Petroleum Coke ($8.75M), Unglazed Ceramics ($2.05M), and Rubber ($1.95M). Over the past 5 years the exports of Spain to Liberia have decreased at an annualized rate of 10%, from $66.9M in 2018 to $28.7M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $65.5M to Spain. The main products exported from Liberia to Spain were Iron Ore ($48.6M), Rubber ($9.51M), and Palm Oil ($7.03M). During the last 5 years the exports of Liberia to Spain have increased at an annualized rate of 30.8%, from $17.1M in 2018 to $65.5M in 2023.

In 2018, Spain exported $28.7M to Liberia. The main products exported from Spain to Liberia were Petroleum Coke ($8.75M), Unglazed Ceramics ($2.05M), and Rubber ($1.95M). During the last 5 years the exports of Spain to Liberia have decreased at an annualized rate of 10%, from $66.9M in 2023 to $28.7M in 2018.

Exports from Liberia () to Spain () (2023)

Exports from Spain () to Liberia () (2023)

Latest Data

Trade between Liberia () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Spain
Top DestinationFrance$61.9B

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

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

In 2023, countries that imported more from Spain than Liberia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Liberia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Spain in the exports of Mineral Products ($48.6M), Plastics and Rubbers ($9.52M), and Animal and Vegetable Bi-Products ($7.03M).

During 2018, Spain had a large net trade with Liberia in the exports of Mineral Products ($10.7M), Machines ($3.21M), and Foodstuffs ($3.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Spain+$4.26MPalm Oil

Top Product Potential Spain Liberia+$428kPig Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Spain () (2023)

Exports from Spain () to Liberia () (2023)

Latest Data

Trade between Liberia () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Liberia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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