Finland (FIN) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Finland-Liberia Trade: In 2022, Finland exported $891k to Liberia. The main products that Finland exported to Liberia were Ethylene Polymers ($480k), Transmissions ($248k), and Stone Processing Machines ($111k). Over the past 5 years the exports of Finland to Liberia have decreased at an annualized rate of 22.2%, from $3.13M in 2017 to $891k in 2022.

In 2022, Finland did not export any services to Liberia.

Liberia-Finland Trade: In 2022, Liberia exported $2.32M to Finland. The main products that Liberia exported to Finland were Rubber ($2.32M). Over the past 5 years the exports of Liberia to Finland have increased at an annualized rate of 75.9%, from $138k in 2017 to $2.32M in 2022.

In 2022, Liberia did not export any services to Finland.

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $891k to Liberia. The main products exported from Finland to Liberia were Ethylene Polymers ($480k), Transmissions ($248k), and Stone Processing Machines ($111k). During the last 5 years the exports of Finland to Liberia have decreased at an annualized rate of 22.2%, from $3.13M in 2017 to $891k in 2022.

In 2017, Liberia exported $2.32M to Finland. The main products exported from Liberia to Finland were Rubber ($2.32M). During the last 5 years the exports of Liberia to Finland have increased at an annualized rate of 75.9%, from $138k in 2022 to $2.32M in 2017.

Exports from Finland () to Liberia () (2022)

Exports from Liberia () to Finland () (2022)

Latest Data

Trade between Finland () and Liberia ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Finland than Liberia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Liberia than Finland included Lebanon ($106M), Cyprus ($53.7M), and Cote d'Ivoire ($25.3M).

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

Comparative Advantage Finland - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Liberia in the exports of Plastics and Rubbers ($480k), Machines ($380k), and Animal Products ($16.3k).

During 2017, Liberia had a large net trade with Finland in the exports of Plastics and Rubbers ($2.32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Liberia+$101kStone Processing Machines

Top Product Potential Liberia Finland+$396kRubber

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Liberia () (2022)

Exports from Liberia () to Finland () (2022)

Latest Data

Trade between Finland () and Liberia ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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