Liberia (LBR) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

About

Liberia-Malaysia Trade: In 2022, Liberia exported $57.6M to Malaysia. The main products that Liberia exported to Malaysia were Rubber ($47.3M), Cocoa Beans ($10.4M), and Industrial Fatty Acids, Oils and Alcohols ($572). Over the past 5 years the exports of Liberia to Malaysia have increased at an annualized rate of 37.9%, from $11.6M in 2017 to $57.6M in 2022.

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

Malaysia-Liberia Trade: In 2022, Malaysia exported $22M to Liberia. The main products that Malaysia exported to Liberia were Palm Oil ($4.97M), Malt Extract ($3.48M), and Rubberworking Machinery ($2.42M). Over the past 5 years the exports of Malaysia to Liberia have decreased at an annualized rate of 6.11%, from $38.7M in 2017 to $22M in 2022.

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

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $57.6M to Malaysia. The main products exported from Liberia to Malaysia were Rubber ($47.3M), Cocoa Beans ($10.4M), and Industrial Fatty Acids, Oils and Alcohols ($572). During the last 5 years the exports of Liberia to Malaysia have increased at an annualized rate of 37.9%, from $11.6M in 2017 to $57.6M in 2022.

In 2017, Malaysia exported $22M to Liberia. The main products exported from Malaysia to Liberia were Palm Oil ($4.97M), Malt Extract ($3.48M), and Rubberworking Machinery ($2.42M). During the last 5 years the exports of Malaysia to Liberia have decreased at an annualized rate of 6.11%, from $38.7M in 2022 to $22M in 2017.

Exports from Liberia () to Malaysia () (2022)

Exports from Malaysia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Liberia than Malaysia included Cyprus ($53.7M).

In 2022, countries that imported more from Malaysia than Liberia included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Liberia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Malaysia in the exports of Plastics and Rubbers ($47.3M), Foodstuffs ($10.4M), and Chemical Products ($572).

During 2017, Malaysia had a large net trade with Liberia in the exports of Machines ($6.84M), Animal and Vegetable Bi-Products ($4.97M), and Foodstuffs ($3.89M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Malaysia+$1.58MCocoa Beans

Top Product Potential Malaysia Liberia+$1.27MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Liberia and Malaysia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Malaysia () (2022)

Exports from Malaysia () to Liberia () (2022)

Latest Data

Trade between Liberia () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Liberia - Malaysia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring