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2023
Flag → Flag
Exports $3.98MRnk 141 / 211
2023
Flag → Flag
Top Product $891kPetroleum Coke
2023
Flag → Flag
Exports $455kRnk 46 / 112
2023
Flag → Flag
Top Product $157kRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Portugal-Liberia Trade: In 2023, Portugal exported $3.98M to Liberia. The main products that Portugal exported to Liberia were Petroleum Coke ($891k), Water and Gas Generators ($866k), and Refined Petroleum ($390k). Over the past 5 years the exports of Portugal to Liberia have increased at an annualized rate of 31.5%, from $1.01M in 2018 to $3.98M in 2023.

In 2023, Portugal did not export any services to Liberia.

Liberia-Portugal Trade: In 2023, Liberia exported $455k to Portugal. The main products that Liberia exported to Portugal were Railway Cargo Containers ($157k), Petroleum Coke ($142k), and Palm Oil ($84.4k). Over the past 5 years the exports of Liberia to Portugal have increased at an annualized rate of 25.7%,  from $145k in 2018 to $455k in 2023.

In 2023, Liberia did not export any services to Portugal.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €122k and imported €12k from Liberia, resulting in a positive trade balance of €110k. Between December 2023 and December 2024 the exports of Portugal have increased by €20.1k (19.8%) from €101k to €122k, while imports decreased by €-11.7k (-49.3%) from €23.7k to €12k.

Trade In December 2024, the top exports of Portugal to Liberia were Ceramic products (€38.6k), Plastics & articles thereof (€11.6k), Machinery, mechanical appliances, & parts (€8.33k), Optical, photo, & film equipment; medical... (€5.86k), and Iron/Steel Articles (€3.97k). In December 2024 the top imports of Portugal from Liberia were Mineral fuels, mineral oils and products... (€10.2k), Railway and trams (€6.42k), Iron & steel (€4.94k), Ships, boats, & floating structures (€800), and Plastics & articles thereof (€236).

Growth In December 2024, the increase in Portugal's year-by-year exports to Liberia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€7.36k or 759%). In December 2024, the decrease in Portugal's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€20.1k(19.8%)
IMPORT GROWTH (December 2023 - December 2024)€-11.7k(-49.3%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Liberia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $3.98M to Liberia. The main products exported from Portugal to Liberia were Petroleum Coke ($891k), Water and Gas Generators ($866k), and Refined Petroleum ($390k). During the last 5 years the exports of Portugal to Liberia have increased at an annualized rate of 31.5%, from $1.01M in 2018 to $3.98M in 2023.

In 2018, Liberia exported $455k to Portugal. The main products exported from Liberia to Portugal were Railway Cargo Containers ($157k), Petroleum Coke ($142k), and Palm Oil ($84.4k). During the last 5 years the exports of Liberia to Portugal have increased at an annualized rate of 25.7%, from $145k in 2023 to $455k in 2018.

Exports from Portugal (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Portugal than Liberia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Liberia than Portugal included Lebanon ($105M), Tanzania ($38M), and North Korea ($38.5k).

Difference in imports from Liberia (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Liberia

Flow
Scale

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

During 2023, Portugal had a large net trade with Liberia in the exports of Machines ($1.8M), Mineral Products ($1.28M), and Stone And Glass ($170k).

During 2018, Liberia had a large net trade with Portugal in the exports of Transportation ($162k), Mineral Products ($142k), and Animal and Vegetable Bi-Products ($84.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Liberia+$161kCentrifuges
Top Product Potential Liberia Portugal+$125kPalm Oil

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

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

Product Space of Portugal (Flag) and Liberia (Flag) (2023)

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