2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH
43.3%CURRENT US$
Rnk 80 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$755CURRENT US$
Rnk 176 / 186
2012-2022
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GDP PC GROWTH
17.1%CURRENT US$
Rnk 96 / 186

About

South Korea-Liberia In 2022, South Korea exported $4.18B to Liberia. The main products that South Korea exported to Liberia are Passenger and Cargo Ships ($4.16B), Cars ($4.96M), and Propylene Polymers ($1.8M). During the last 27 years the exports of South Korea to Liberia have increased at an annualized rate of 5.44%, from $998M in 1995 to $4.18B in 2022.

In 2022, South Korea did not export any services to Liberia.

Liberia-South Korea In 2022, Liberia exported $12.5M to South Korea. The main products that Liberia exported to South Korea were Passenger and Cargo Ships ($9M), Scrap Copper ($2.37M), and Refined Petroleum ($490k). During the last 27 years the exports of Liberia to South Korea have increased at an annualized rate of 16.1%, from $220k in 1995 to $12.5M in 2022.

In 2022, Liberia did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). 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
Value

In 2022, South Korea exported $4.18B to Liberia. The main products exported from South Korea to Liberia were Passenger and Cargo Ships ($4.16B), Cars ($4.96M), and Propylene Polymers ($1.8M). During the last 27 years the exports of South Korea to Liberia have increased at an annualized rate of 5.44%, from $998M in 1995 to $4.18B in 2022.

In 2022, Liberia exported $12.5M to South Korea. The main products exported from Liberia to South Korea were Passenger and Cargo Ships ($9M), Scrap Copper ($2.37M), and Refined Petroleum ($490k). During the last 27 years the exports of Liberia to South Korea have increased at an annualized rate of 16.1%, from $220k in 1995 to $12.5M in 2022.

Exports from South Korea (Flag) to Liberia (Flag) (2022)

Exports from Liberia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Liberia
Top Destination
Switzerland$544M

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 ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Liberia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Liberia

Flow
Scale

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

During 2022, South Korea had a large net trade with Liberia in the exports of Transportation ($4.17B), Plastics and Rubbers ($4.06M), and Chemical Products ($883k).

During 2022, Liberia had a large net trade with South Korea in the exports of Transportation ($9.14M), Metals ($2.61M), and Mineral Products ($490k).

Economic Complexity

Competitive Landscape

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.

Product Space of South Korea (Flag) and Liberia (Flag) (2022)

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