Singapore (SGP) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Singapore-Liberia Trade: In 2023, Singapore exported $2.97M to Liberia. The main products that Singapore exported to Liberia were Malt Extract ($686k), Coffee and Tea Extracts ($641k), and Refined Petroleum ($377k). Over the past 5 years the exports of Singapore to Liberia have decreased at an annualized rate of 12.1%, from $5.68M in 2018 to $2.97M in 2023.

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

Liberia-Singapore Trade: In 2023, Liberia exported $8.66M to Singapore. The main products that Liberia exported to Singapore were Rubber ($2.7M), Lubricating Products ($2.12M), and Cocoa Beans ($1.84M). Over the past 5 years the exports of Liberia to Singapore have increased at an annualized rate of 8.37%, from $5.79M in 2018 to $8.66M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $2.97M to Liberia. The main products exported from Singapore to Liberia were Malt Extract ($686k), Coffee and Tea Extracts ($641k), and Refined Petroleum ($377k). During the last 5 years the exports of Singapore to Liberia have decreased at an annualized rate of 12.1%, from $5.68M in 2018 to $2.97M in 2023.

In 2018, Liberia exported $8.66M to Singapore. The main products exported from Liberia to Singapore were Rubber ($2.7M), Lubricating Products ($2.12M), and Cocoa Beans ($1.84M). During the last 5 years the exports of Liberia to Singapore have increased at an annualized rate of 8.37%, from $5.79M in 2023 to $8.66M in 2018.

Exports from Singapore () to Liberia () (2023)

Exports from Liberia () to Singapore () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Singapore than Liberia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Liberia than Singapore included Lebanon ($105M), Eswatini ($1.37M), and North Korea ($38.5k).

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

Comparative Advantage Singapore - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Liberia in the exports of Foodstuffs ($1.48M), Machines ($741k), and Mineral Products ($377k).

During 2018, Liberia had a large net trade with Singapore in the exports of Plastics and Rubbers ($2.7M), Chemical Products ($2.12M), and Foodstuffs ($1.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Liberia+$1.02MRefined Petroleum

Top Product Potential Liberia Singapore+$741kRubber

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Liberia () (2023)

Exports from Liberia () to Singapore () (2023)

Market Competitiveness

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

Comparative Advantage Singapore - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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