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2021
Flag → Flag
Exports $4.82MRnk 173 / 0
2021
Flag → Flag
Exports $7.08MRnk 53 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Liberia-Russia Trade: In 2021, Liberia exported $4.82M to Russia. The main products that Liberia exported to Russia were N/A. Over the past 5 years the exports of Liberia to Russia have increased at an annualized rate of 86.7%, from $213k in 2016 to $4.82M in 2021.

In 2021, Liberia did not export any services to Russia.

Russia-Liberia Trade: In 2021, Russia exported $7.08M to Liberia. The main products that Russia exported to Liberia were N/A. Over the past 5 years the exports of Russia to Liberia have increased at an annualized rate of 44.3%,  from $1.13M in 2016 to $7.08M in 2021.

In 2020, Russia exported services to Liberia worth $21M, with Transportation ($17.5M), Other business services ($2.83M), and Insurance services ($461k) being the largest in terms of value.

Comparison: In 2022,  Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Liberia exported $4.82M to Russia. There were not main exports from Liberia to Russia in 2021. During the last 5 years the exports of Liberia to Russia have increased at an annualized rate of 86.7%, from $213k in 2016 to $4.82M in 2021.

In 2016, Russia exported $7.08M to Liberia. There were not main exports from Russia to Liberia in 2016. During the last 5 years the exports of Russia to Liberia have increased at an annualized rate of 44.3%, from $1.13M in 2021 to $7.08M in 2016.

Exports from Liberia (Flag) to Russia (Flag) (2021)

Exports from Russia (Flag) to Liberia (Flag) (2021)

Latest Data

Trade between Liberia (Flag) and Russia (Flag)

Russia Exports

Market Competitiveness

Color
Liberia
Top DestinationN/AN/A
Russia
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Russia (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Russia

Flow
Scale

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

During 2021, Liberia had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Liberia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Russia+$3.91kIron Ore
Top Product Potential Russia Liberia+$7.83kRefined Petroleum

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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Bilateral Service Trade

In 2020, Russia exported services to Liberia worth $21M, with Transportation ($17.5M), Other business services ($2.83M), and Insurance services ($461k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Liberia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Liberia and Russia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Liberia.

Product Space of Liberia (Flag) and Russia (Flag) (2021)

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