Liberia (LBR) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Liberia-Turkey Trade: In 2023, Liberia exported $20M to Turkey. The main products that Liberia exported to Turkey were Passenger and Cargo Ships ($15M), Rubber ($1.46M), and Cocoa Beans ($1.34M). Over the past 5 years the exports of Liberia to Turkey have increased at an annualized rate of 7.59%, from $13.9M in 2018 to $20M in 2023.

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

Turkey-Liberia Trade: In 2023, Turkey exported $273M to Liberia. The main products that Turkey exported to Liberia were Refined Petroleum ($76.5M), Passenger and Cargo Ships ($51.9M), and Excavation Machinery ($7.78M). Over the past 5 years the exports of Turkey to Liberia have increased at an annualized rate of 11.7%, from $157M in 2018 to $273M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $20M to Turkey. The main products exported from Liberia to Turkey were Passenger and Cargo Ships ($15M), Rubber ($1.46M), and Cocoa Beans ($1.34M). During the last 5 years the exports of Liberia to Turkey have increased at an annualized rate of 7.59%, from $13.9M in 2018 to $20M in 2023.

In 2018, Turkey exported $273M to Liberia. The main products exported from Turkey to Liberia were Refined Petroleum ($76.5M), Passenger and Cargo Ships ($51.9M), and Excavation Machinery ($7.78M). During the last 5 years the exports of Turkey to Liberia have increased at an annualized rate of 11.7%, from $157M in 2023 to $273M in 2018.

Exports from Liberia () to Turkey () (2023)

Exports from Turkey () to Liberia () (2023)

Latest Data

Trade between Liberia () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Liberia than Turkey included North Korea ($38.5k).

In 2023, countries that imported more from Turkey than Liberia included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Liberia - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Turkey in the exports of Transportation ($15M), Plastics and Rubbers ($1.46M), and Foodstuffs ($1.37M).

During 2018, Turkey had a large net trade with Liberia in the exports of Mineral Products ($79.1M), Transportation ($62.9M), and Machines ($60.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Turkey+$2.94MPassenger and Cargo Ships

Top Product Potential Turkey Liberia+$7.17MRefined 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Turkey () (2023)

Exports from Turkey () to Liberia () (2023)

Latest Data

Trade between Liberia () and Turkey ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Liberia - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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