Liberia (LBR) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Liberia-Ireland Trade: In 2023, Liberia exported $15.3k to Ireland. The main products that Liberia exported to Ireland were Rubber Apparel ($14.7k), Beauty Products ($187), and Beer ($154). Over the past 5 years the exports of Liberia to Ireland have decreased at an annualized rate of 23.1%, from $57.1k in 2018 to $15.3k in 2023.

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

Ireland-Liberia Trade: In 2023, Ireland exported $7.33M to Liberia. The main products that Ireland exported to Liberia were Scented Mixtures ($3.51M), Malt Extract ($2.13M), and Non-fillet Frozen Fish ($577k). Over the past 5 years the exports of Ireland to Liberia have increased at an annualized rate of 8.99%, from $4.77M in 2018 to $7.33M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $15.3k to Ireland. The main products exported from Liberia to Ireland were Rubber Apparel ($14.7k), Beauty Products ($187), and Beer ($154). During the last 5 years the exports of Liberia to Ireland have decreased at an annualized rate of 23.1%, from $57.1k in 2018 to $15.3k in 2023.

In 2018, Ireland exported $7.33M to Liberia. The main products exported from Ireland to Liberia were Scented Mixtures ($3.51M), Malt Extract ($2.13M), and Non-fillet Frozen Fish ($577k). During the last 5 years the exports of Ireland to Liberia have increased at an annualized rate of 8.99%, from $4.77M in 2023 to $7.33M in 2018.

Exports from Liberia () to Ireland () (2023)

Exports from Ireland () to Liberia () (2023)

Latest Data

Trade between Liberia () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Liberia than Ireland included Tanzania ($38M), Lebanon ($105M), and North Korea ($38.5k).

In 2023, countries that imported more from Ireland than Liberia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Liberia - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Ireland in the exports of Plastics and Rubbers ($14.7k), Foodstuffs ($272), and Chemical Products ($206).

During 2018, Ireland had a large net trade with Liberia in the exports of Chemical Products ($3.74M), Foodstuffs ($2.29M), and Animal Products ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Ireland+$28.7kComputers

Top Product Potential Ireland Liberia+$273kScented Mixtures

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Ireland () (2023)

Exports from Ireland () to Liberia () (2023)

Latest Data

Trade between Liberia () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Liberia - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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