Kuwait (KWT) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Kuwait-Liberia Trade: In 2023, Kuwait exported $601k to Liberia. The main products that Kuwait exported to Liberia were Refined Petroleum ($294k), Organic Composite Solvents ($153k), and Poultry Meat ($120k). Over the past 5 years the exports of Kuwait to Liberia have decreased at an annualized rate of 7.99%, from $912k in 2018 to $601k in 2023.

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

Liberia-Kuwait Trade: In 2023, Liberia exported $9.12k to Kuwait. The main products that Liberia exported to Kuwait were Non-Knit Women's Suits ($9.12k). Over the past 5 years the exports of Liberia to Kuwait have increased at an annualized rate of 38.1%, from $1.81k in 2018 to $9.12k in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $601k to Liberia. The main products exported from Kuwait to Liberia were Refined Petroleum ($294k), Organic Composite Solvents ($153k), and Poultry Meat ($120k). During the last 5 years the exports of Kuwait to Liberia have decreased at an annualized rate of 7.99%, from $912k in 2018 to $601k in 2023.

In 2018, Liberia exported $9.12k to Kuwait. The main products exported from Liberia to Kuwait were Non-Knit Women's Suits ($9.12k). During the last 5 years the exports of Liberia to Kuwait have increased at an annualized rate of 38.1%, from $1.81k in 2023 to $9.12k in 2018.

Exports from Kuwait () to Liberia () (2023)

Exports from Liberia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Liberia ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Kuwait than Liberia included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Liberia than Kuwait included Switzerland ($708M), Lebanon ($105M), and Cote d'Ivoire ($26.3M).

Difference in imports from Liberia () and Kuwait () (2023)

Comparative Advantage Kuwait - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Liberia in the exports of Mineral Products ($294k), Chemical Products ($187k), and Animal Products ($120k).

During 2018, Liberia had a large net trade with Kuwait in the exports of Textiles ($9.12k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Liberia+$91.5kCars

Top Product Potential Liberia Kuwait+$4.48kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Liberia () (2023)

Exports from Liberia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Liberia ()

Kuwait Exports

Market Competitiveness

Difference in imports from Liberia () and Kuwait () (2023)

Comparative Advantage Kuwait - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Liberia () (2023)

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