Liberia (LBR) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Liberia-Serbia Trade: In 2021, Liberia exported $10.8k to Serbia. The main products that Liberia exported to Serbia were N/A. Over the past 7 years the exports of Liberia to Serbia have decreased at an annualized rate of 37.9%, from $302k in 2014 to $10.8k in 2021.

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

Serbia-Liberia Trade: In 2021, Serbia exported $397k to Liberia. The main products that Serbia exported to Liberia were Other Prepared Meat ($154k), Low-voltage Protection Equipment ($88.8k), and Edible Offal ($36.4k). Over the past 7 years the exports of Serbia to Liberia have increased at an annualized rate of 11.3%, from $233k in 2014 to $397k in 2021.

In 2009, Serbia exported services to Liberia worth $53.2k, with Compensation of employees ($31.6k), Travel ($18.6k), and Workers' remittances ($2.9k) 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, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Liberia exported $10.8k to Serbia. There were not main exports from Liberia to Serbia in 2021. During the last 7 years the exports of Liberia to Serbia have decreased at an annualized rate of 37.9%, from $302k in 2014 to $10.8k in 2021.

In 2017, Serbia exported $397k to Liberia. The main products exported from Serbia to Liberia were Other Prepared Meat ($154k), Low-voltage Protection Equipment ($88.8k), and Edible Offal ($36.4k). During the last 5 years the exports of Serbia to Liberia have increased at an annualized rate of 11.3%, from $233k in 2022 to $397k in 2017.

Exports from Liberia () to Serbia () (2022)

Exports from Serbia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Liberia than Serbia included Switzerland ($544M), Lebanon ($106M), and Malaysia ($57.6M).

In 2022, countries that imported more from Serbia than Liberia included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Liberia - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Serbia had a large net trade with Liberia in the exports of Foodstuffs ($161k), Machines ($120k), and Animal Products ($36.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Serbia+$2.92kIron Ore

Top Product Potential Serbia Liberia+$57.9kLow-voltage Protection Equipment

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Serbia () (2022)

Exports from Serbia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Serbia ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Liberia - Serbia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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