Liberia (LBR) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Liberia-Paraguay Trade: In 2020, Liberia exported $1.52k to Paraguay. The main products that Liberia exported to Paraguay were N/A. Over the past 20 years the exports of Liberia to Paraguay have decreased at an annualized rate of 20.7%, from $158k in 2000 to $1.52k in 2020.

In 2020, Liberia did not export any services to Paraguay.

Paraguay-Liberia Trade: In 2020, Paraguay exported $769k to Liberia. The main products that Paraguay exported to Liberia were Edible Offal ($566k), Poultry Meat ($162k), and Sheep and Goat Meat ($34.6k). Over the past 20 years the exports of Paraguay to Liberia have increased at an annualized rate of 16.6%, from $356k in 2000 to $769k in 2020.

In 2020, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2020, Liberia exported $1.52k to Paraguay. There were not main exports from Liberia to Paraguay in 2020. During the last 20 years the exports of Liberia to Paraguay have decreased at an annualized rate of 20.7%, from $158k in 2000 to $1.52k in 2020.

In 2018, Paraguay exported $769k to Liberia. The main products exported from Paraguay to Liberia were Edible Offal ($566k), Poultry Meat ($162k), and Sheep and Goat Meat ($34.6k). During the last 5 years the exports of Paraguay to Liberia have increased at an annualized rate of 16.6%, from $356k in 2023 to $769k in 2018.

Exports from Liberia () to Paraguay () (2023)

Exports from Paraguay () to Liberia () (2023)

Latest Data

Trade between Liberia () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Liberia than Paraguay included Switzerland ($708M), France ($197M), and United Kingdom ($306M).

In 2023, countries that imported more from Paraguay than Liberia included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Liberia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2020, Liberia had a large net trade with Paraguay in the exports of .

During 2018, Paraguay had a large net trade with Liberia in the exports of Animal Products ($763k), Machines ($5.72k), and Metals ($44).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Paraguay+$2.88kRefined Petroleum

Top Product Potential Paraguay Liberia+$12.3kPoultry Meat

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Paraguay () (2023)

Exports from Paraguay () to Liberia () (2023)

Latest Data

Trade between Liberia () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Liberia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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