Liberia (LBR) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Liberia-Italy Trade: In 2023, Liberia exported $8.02M to Italy. The main products that Liberia exported to Italy were Passenger and Cargo Ships ($6.68M), Rubber ($871k), and Rough Wood ($291k). Over the past 5 years the exports of Liberia to Italy have increased at an annualized rate of 11.5%, from $4.65M in 2018 to $8.02M in 2023.

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

Italy-Liberia Trade: In 2023, Italy exported $35.6M to Liberia. The main products that Italy exported to Liberia were Passenger and Cargo Ships ($18M), Liquid Dispersing Machines ($1.53M), and Edible Offal ($1.4M). Over the past 5 years the exports of Italy to Liberia have increased at an annualized rate of 10.2%, from $21.9M in 2018 to $35.6M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $8.02M to Italy. The main products exported from Liberia to Italy were Passenger and Cargo Ships ($6.68M), Rubber ($871k), and Rough Wood ($291k). During the last 5 years the exports of Liberia to Italy have increased at an annualized rate of 11.5%, from $4.65M in 2018 to $8.02M in 2023.

In 2018, Italy exported $35.6M to Liberia. The main products exported from Italy to Liberia were Passenger and Cargo Ships ($18M), Liquid Dispersing Machines ($1.53M), and Edible Offal ($1.4M). During the last 5 years the exports of Italy to Liberia have increased at an annualized rate of 10.2%, from $21.9M in 2023 to $35.6M in 2018.

Exports from Liberia () to Italy () (2023)

Exports from Italy () to Liberia () (2023)

Latest Data

Trade between Liberia () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Italy
Top DestinationGermany$71.4B

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

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

In 2023, countries that imported more from Italy than Liberia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Liberia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Italy in the exports of Transportation ($6.68M), Plastics and Rubbers ($871k), and Wood Products ($336k).

During 2018, Italy had a large net trade with Liberia in the exports of Transportation ($18.6M), Machines ($10.3M), and Animal Products ($2.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Italy+$2.42MRubber

Top Product Potential Italy Liberia+$6.5MPassenger 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 Italy. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Liberia.

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Italy () (2023)

Exports from Italy () to Liberia () (2023)

Latest Data

Trade between Liberia () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Liberia - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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