Flag South Korea / Liberia Flag

2021
FlagFlag
Exports
: $1.99B, Rnk 38 / 218

2021
FlagFlag
Top Product
: $1.98B, Passenger and Cargo Ships

2021
FlagFlag
Exports
: $7.61M, Rnk 20 / 91

2021
FlagFlag
Top Product
: $5.19M, Passenger and Cargo Ships

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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 GDP
: $3.49B, CURRENT US$
Rnk 154 / 182

2011-2021
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GDP GROWTH
: 45.4%, CURRENT US$
Rnk 59 / 182

2021
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GDP PC 
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

2021
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GDP PC
: $673, CURRENT US$
Rnk 173 / 182

2011-2021
Flag
GDP PC GROWTH
: 12.8%, CURRENT US$
Rnk 97 / 182

South Korea-Liberia In 2021, South Korea exported $1.99B to Liberia. The main products that South Korea exported to Liberia are Passenger and Cargo Ships ($1.98B), Cars ($4.86M), and Propylene Polymers ($2.02M). During the last 26 years the exports of South Korea to Liberia have increased at an annualized rate of 2.69%, from $998M in 1995 to $1.99B in 2021.

In 2021, South Korea did not export any services to Liberia.

Liberia-South Korea In 2021, Liberia exported $7.61M to South Korea. The main products that Liberia exported to South Korea were Passenger and Cargo Ships ($5.19M), Scrap Copper ($1.73M), and Refined Petroleum ($292k). During the last 26 years the exports of Liberia to South Korea have increased at an annualized rate of 14.6%, from $218k in 1995 to $7.61M in 2021.

In 2021, Liberia did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82),  and 5 in total exports ($653B). That same year, Liberia ranked 152 in total exports ($1.58B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, South Korea exported $1.99B to Liberia. The main products exported from South Korea to Liberia were Passenger and Cargo Ships ($1.98B), Cars ($4.86M), and Propylene Polymers ($2.02M). During the last 26 years the exports of South Korea to Liberia have increased at an annualized rate of 2.69%, from $998M in 1995 to $1.99B in 2021.

In 2021, Liberia exported $7.61M to South Korea. The main products exported from Liberia to South Korea were Passenger and Cargo Ships ($5.19M), Scrap Copper ($1.73M), and Refined Petroleum ($292k). During the last 26 years the exports of Liberia to South Korea have increased at an annualized rate of 14.6%, from $218k in 1995 to $7.61M in 2021.

Market Competitiveness

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Color

South Korea
Top Destination
: China, $158B

Liberia
Top Destination
: Switzerland, $343M

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

In 2021, countries that imported more from South Korea than Liberia were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2019, no countries were registered that imported more from Liberia than from South Korea.

Comparative Advantage South Korea - Liberia

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Flow
Scale

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

During 2021, South Korea had a large net trade with Liberia in the exports of Transportation ($1.98B), Plastics and Rubbers ($5.22M), and Chemical Products ($1.34M).

During 2021, Liberia had a large net trade with South Korea in the exports of Transportation ($5.39M), Metals ($1.82M), and Mineral Products ($292k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Liberia. Similarly, the more yellow a dot/product is, the more Liberia has comparative advantage over South Korea.