Liberia (LBR) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Liberia-Russia Trade: In 2021, Liberia exported $5.19M 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 88.2%, from $220k in 2016 to $5.19M in 2021.

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

Russia-Liberia Trade: In 2021, Russia exported $1.67M to Liberia. The main products that Russia exported to Liberia were Non-fillet Frozen Fish ($902k), Non-fillet Fresh Fish ($321k), and Edible Offal ($300k). Over the past 5 years the exports of Russia to Liberia have decreased at an annualized rate of 22.9%, from $6.12M in 2016 to $1.67M 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 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Liberia exported $5.19M 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 88.2%, from $220k in 2016 to $5.19M in 2021.

In 2018, Russia exported $1.67M to Liberia. The main products exported from Russia to Liberia were Non-fillet Frozen Fish ($902k), Non-fillet Fresh Fish ($321k), and Edible Offal ($300k). During the last 5 years the exports of Russia to Liberia have decreased at an annualized rate of 22.9%, from $6.12M in 2023 to $1.67M in 2018.

Exports from Liberia () to Russia () (2023)

Exports from Russia () to Liberia () (2023)

Latest Data

Trade between Liberia () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Russia
Top DestinationChina$129B

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.

In 2023, countries that imported more from Liberia than Russia included Cameroon ($10.6M), Vietnam ($962k), and Guinea ($941k).

In 2023, countries that imported more from Russia than Liberia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Liberia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2018, Russia had a large net trade with Liberia in the exports of Animal Products ($1.67M), Foodstuffs ($1.68k), and Chemical Products ($166).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Rus Year

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 () to Liberia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Russia () (2023)

Exports from Russia () to Liberia () (2023)

Latest Data

Trade between Liberia () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Liberia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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