Liberia (LBR) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Liberia-Israel Trade: In 2023, Liberia exported $356k to Israel. The main products that Liberia exported to Israel were Diamonds ($355k) and Electrical Control Boards ($1k). Over the past 9 years the exports of Liberia to Israel have increased at an annualized rate of 43.3%, from $14k in 2014 to $356k in 2023.

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

Israel-Liberia Trade: In 2023, Israel exported $23k to Liberia. The main products that Israel exported to Liberia were Mixed Mineral or Chemical Fertilizers ($16.7k), Other Measuring Instruments ($2.55k), and Rubber Tires ($2.18k). Over the past 9 years the exports of Israel to Liberia have decreased at an annualized rate of 53.8%, from $1.09M in 2014 to $23k in 2023.

In 2007, Israel exported services to Liberia worth $0, with being the largest in terms of value.

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $356k to Israel. The main products exported from Liberia to Israel were Diamonds ($355k) and Electrical Control Boards ($1k). During the last 9 years the exports of Liberia to Israel have increased at an annualized rate of 43.3%, from $14k in 2014 to $356k in 2023.

In 2018, Israel exported $23k to Liberia. The main products exported from Israel to Liberia were Mixed Mineral or Chemical Fertilizers ($16.7k), Other Measuring Instruments ($2.55k), and Rubber Tires ($2.18k). During the last 5 years the exports of Israel to Liberia have decreased at an annualized rate of 53.8%, from $1.09M in 2023 to $23k in 2018.

Exports from Liberia () to Israel () (2023)

Exports from Israel () to Liberia () (2023)

Latest Data

Trade between Liberia () and Israel ()

Israel Exports

Date

May 2020

Mar 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Liberia than Israel included Lebanon ($105M), Switzerland ($708M), and Tanzania ($38M).

In 2023, countries that imported more from Israel than Liberia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Liberia - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Israel in the exports of Precious Metals ($355k) and Machines ($1k).

During 2018, Israel had a large net trade with Liberia in the exports of Chemical Products ($16.7k), Instruments ($2.55k), and Plastics and Rubbers ($2.18k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Israel+$4.03kRefined Petroleum

Top Product Potential Israel Liberia+$258kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Israel () (2023)

Exports from Israel () to Liberia () (2023)

Latest Data

Trade between Liberia () and Israel ()

Israel Exports

Market Competitiveness

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

Comparative Advantage Liberia - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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