Liberia (LBR) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Liberia-Greece Trade: In 2022, Liberia exported $339k to Greece. The main products that Liberia exported to Greece were Scrap Aluminium ($191k), Engine Parts ($113k), and Marble, Travertine and Alabaster ($20.4k). Over the past 5 years the exports of Liberia to Greece have decreased at an annualized rate of 49.3%, from $10.1M in 2017 to $339k in 2022.

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

Greece-Liberia Trade: In 2022, Greece exported $302M to Liberia. The main products that Greece exported to Liberia were Refined Petroleum ($250M), Engine Parts ($18.2M), and Centrifuges ($10.7M). Over the past 5 years the exports of Greece to Liberia have increased at an annualized rate of 19%, from $127M in 2017 to $302M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $339k to Greece. The main products exported from Liberia to Greece were Scrap Aluminium ($191k), Engine Parts ($113k), and Marble, Travertine and Alabaster ($20.4k). During the last 5 years the exports of Liberia to Greece have decreased at an annualized rate of 49.3%, from $10.1M in 2017 to $339k in 2022.

In 2017, Greece exported $302M to Liberia. The main products exported from Greece to Liberia were Refined Petroleum ($250M), Engine Parts ($18.2M), and Centrifuges ($10.7M). During the last 5 years the exports of Greece to Liberia have increased at an annualized rate of 19%, from $127M in 2022 to $302M in 2017.

Exports from Liberia () to Greece () (2022)

Exports from Greece () to Liberia () (2022)

Latest Data

Trade between Liberia () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Liberia than Greece included Switzerland ($544M), Tanzania ($41.5M), and Rwanda ($18.2M).

In 2022, countries that imported more from Greece than Liberia included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Liberia - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Greece in the exports of Metals ($192k), Machines ($118k), and Mineral Products ($20.4k).

During 2017, Greece had a large net trade with Liberia in the exports of Mineral Products ($250M), Machines ($35.1M), and Metals ($6.52M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Greece+$140kScrap Aluminium

Top Product Potential Greece Liberia+$782kPassenger and Cargo Ships

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Greece () (2022)

Exports from Greece () to Liberia () (2022)

Latest Data

Trade between Liberia () and Greece ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Liberia - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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