Liberia (LBR) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Liberia-Portugal Trade: In 2022, Liberia exported $429k to Portugal. The main products that Liberia exported to Portugal were Cocoa Beans ($138k), Petroleum Coke ($93.5k), and Railway Cargo Containers ($86.9k). Over the past 5 years the exports of Liberia to Portugal have increased at an annualized rate of 29.2%, from $119k in 2017 to $429k in 2022.

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

Portugal-Liberia Trade: In 2022, Portugal exported $1.66M to Liberia. The main products that Portugal exported to Liberia were Petroleum Coke ($357k), Machinery Having Individual Functions ($309k), and Large Iron Containers ($205k). Over the past 5 years the exports of Portugal to Liberia have decreased at an annualized rate of 1.7%, from $1.84M in 2017 to $1.66M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $429k to Portugal. The main products exported from Liberia to Portugal were Cocoa Beans ($138k), Petroleum Coke ($93.5k), and Railway Cargo Containers ($86.9k). During the last 5 years the exports of Liberia to Portugal have increased at an annualized rate of 29.2%, from $119k in 2017 to $429k in 2022.

In 2017, Portugal exported $1.66M to Liberia. The main products exported from Portugal to Liberia were Petroleum Coke ($357k), Machinery Having Individual Functions ($309k), and Large Iron Containers ($205k). During the last 5 years the exports of Portugal to Liberia have decreased at an annualized rate of 1.7%, from $1.84M in 2022 to $1.66M in 2017.

Exports from Liberia () to Portugal () (2022)

Exports from Portugal () to Liberia () (2022)

Latest Data

Trade between Liberia () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Liberia than Portugal included Lebanon ($106M), Tanzania ($41.5M), and Malaysia ($57.6M).

In 2022, countries that imported more from Portugal than Liberia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Liberia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Portugal in the exports of Foodstuffs ($138k), Mineral Products ($93.5k), and Transportation ($88.1k).

During 2017, Portugal had a large net trade with Liberia in the exports of Machines ($511k), Mineral Products ($357k), and Metals ($283k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Portugal+$125kPalm Oil

Top Product Potential Portugal Liberia+$161kCentrifuges

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Portugal () (2022)

Exports from Portugal () to Liberia () (2022)

Latest Data

Trade between Liberia () and Portugal ()

Portugal Exports

Market Competitiveness

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

Comparative Advantage Liberia - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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