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Pricing

2023
Flag → Flag
Exports $1.67MRnk 116 / 137
2023
Flag → Flag
Top Product $902kNon-fillet Frozen Fish
2023
Flag → Flag
Exports $5.19MRnk 80 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.44Rnk 126 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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 $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH8.6%CURRENT US$
Rnk 138 / 195

About

Russia-Liberia Trade: In 2023, 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 2018 to $1.67M in 2023.

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.

Liberia-Russia Trade: In 2023, 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 2018 to $5.19M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $472k and imported $451k from Liberia, resulting in a positive trade balance of $21.5k. Between January 2021 and January 2022 the exports of Russia have increased by $211k (80.4%) from $262k to $472k, while imports decreased by $-179k (-28.4%) from $630k to $451k.

Trade In January 2022, the top exports of Russia to Liberia were Poultry Meat ($246k), Water ($1.74k), Pig Meat ($1.28k), Frozen Bovine Meat ($1.27k), and Cheese ($790). In January 2022 the top imports of Russia from Liberia were Rubber ($630k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($201k), PENZA REGION ($97.2k), LENINGRAD REGION ($88.9k), STAVROPOL TERRITORY ($64k), and TAMBOV REGION ($21.2k), while imports destinations were mainly LENINGRAD REGION ($451k).

Growth In January 2022, the increase in Russia's year-by-year exports to Liberia was explained primarily by an increase in product exports in . In January 2022, the decrease in Russia's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$211k(80.4%)
IMPORT GROWTH (January 2021 - January 2022)$-179k(-28.4%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$201k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.67M in 2023.

In 2016, Liberia exported $5.19M to Russia. There were not main exports from Liberia to Russia in 2016. During the last 5 years the exports of Liberia to Russia have increased at an annualized rate of 88.2%, from $220k in 2021 to $5.19M in 2016.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Liberia
Top DestinationSwitzerland$708M

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

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

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

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

Comparative Advantage Russia - Liberia

Flow
Scale

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

During 2023, Russia had a large net trade with Liberia in the exports of Animal Products ($1.67M), Foodstuffs ($1.68k), and Chemical Products ($166).

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

Potential Exports

Potential Exports

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

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

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

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