Liberia (LBR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Liberia-South Korea Trade: In 2022, Liberia exported $13.6M to South Korea. The main products that Liberia exported to South Korea were N/A. Over the past 5 years the exports of Liberia to South Korea have increased at an annualized rate of 8.57%, from $9.05M in 2017 to $13.6M in 2022.

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

South Korea-Liberia Trade: In 2022, South Korea exported $4.18B to Liberia. The main products that South Korea exported to Liberia were N/A. Over the past 5 years the exports of South Korea to Liberia have increased at an annualized rate of 26.2%, from $1.31B in 2017 to $4.18B in 2022.

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

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $13.6M to South Korea. There were not main exports from Liberia to South Korea in 2022. During the last 5 years the exports of Liberia to South Korea have increased at an annualized rate of 8.57%, from $9.05M in 2017 to $13.6M in 2022.

In 2017, South Korea exported $4.18B to Liberia. There were not main exports from South Korea to Liberia in 2017. During the last 5 years the exports of South Korea to Liberia have increased at an annualized rate of 26.2%, from $1.31B in 2022 to $4.18B in 2017.

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

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

Latest Data

Trade between Liberia () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

South Korea
Top DestinationChina$162B

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

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

In 2023, countries that imported more from South Korea than Liberia included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Liberia () (2023)

Comparative Advantage Liberia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Liberia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia South Korea+$3.99MPassenger and Cargo Ships

Top Product Potential South Korea Liberia+$2.08MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Liberia () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Liberia () (2023)

Comparative Advantage Liberia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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