2023
Flag
 GDP
$4.24BCURRENT US$
Rnk 161 / 195
2013-2023
Flag
GDP GROWTH
33.5%CURRENT US$
Rnk 106 / 195
2023
Flag
GDP PC
$772CURRENT US$
Rnk 184 / 196
2013-2023
Flag
GDP PC GROWTH
8.6%CURRENT US$
Rnk 138 / 195

About

North Korea-Liberia Trade: In 2023, North Korea exported $5.74M to Liberia. The main products that North Korea exported to Liberia were Cars ($2.38M), Ethylene Polymers ($531k), and Other Nitrogen Compounds ($467k). Over the past 5 years the exports of North Korea to Liberia have decreased at an annualized rate of 10.9%, from $10.2M in 2018 to $5.74M in 2023.

In 2023, North Korea did not export any services to Liberia.

Liberia-North Korea Trade: In 2023, Liberia exported $38.5k to North Korea. The main products that Liberia exported to North Korea were Fuel Wood ($38.5k). Over the past 5 years the exports of Liberia to North Korea have decreased at an annualized rate of 21%,  from $125k in 2018 to $38.5k in 2023.

In 2023, Liberia did not export any services to North Korea.

Comparison In 2023,  North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, North Korea exported $5.74M to Liberia. The main products exported from North Korea to Liberia were Cars ($2.38M), Ethylene Polymers ($531k), and Other Nitrogen Compounds ($467k). During the last 5 years the exports of North Korea to Liberia have decreased at an annualized rate of 10.9%, from $10.2M in 2018 to $5.74M in 2023.

In 2018, Liberia exported $38.5k to North Korea. The main products exported from Liberia to North Korea were Fuel Wood ($38.5k). During the last 5 years the exports of Liberia to North Korea have decreased at an annualized rate of 21%, from $125k in 2023 to $38.5k in 2018.

Exports from North Korea (Flag) to Liberia (Flag) (2023)

Exports from Liberia (Flag) to North Korea (Flag) (2023)

Market Competitiveness

Color
North Korea
Top Destination
China$292M
Liberia
Top Destination
Switzerland$708M

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

In 2023, countries that imported more from North Korea than Liberia included China ($292M), Angola ($10.2M), and Austria ($10.1M).

In 2023, countries that imported more from Liberia than North Korea included Switzerland ($708M), United Kingdom ($306M), and France ($197M).

Difference in imports from Liberia (Flag) and North Korea (Flag) (2023)

Comparative Advantage North Korea - Liberia

Flow
Scale

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

During 2023, North Korea had a large net trade with Liberia in the exports of Transportation ($2.87M), Chemical Products ($942k), and Machines ($699k).

During 2018, Liberia had a large net trade with North Korea in the exports of Wood Products ($38.5k).

Economic Complexity

Competitive Landscape

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

Product Space of North Korea (Flag) and Liberia (Flag) (2023)

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