Tanzania (TZA) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Tanzania-Liberia Trade: In 2022, Tanzania exported $347k to Liberia. The main products that Tanzania exported to Liberia were Petroleum Jelly ($112k), Beauty Products ($89.4k), and Soap ($58.7k). Over the past 6 years the exports of Tanzania to Liberia have increased at an annualized rate of 73.7%, from $12.6k in 2016 to $347k in 2022.

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

Liberia-Tanzania Trade: In 2022, Liberia exported $41.5M to Tanzania. The main products that Liberia exported to Tanzania were Refined Petroleum ($40.9M), Coconut Oil ($535k), and Cleaning Products ($20.5k). Over the past 6 years the exports of Liberia to Tanzania have increased at an annualized rate of 69.2%, from $2.99M in 2016 to $41.5M in 2022.

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

Comparison: In 2022, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Tanzania exported $347k to Liberia. The main products exported from Tanzania to Liberia were Petroleum Jelly ($112k), Beauty Products ($89.4k), and Soap ($58.7k). During the last 6 years the exports of Tanzania to Liberia have increased at an annualized rate of 73.7%, from $12.6k in 2016 to $347k in 2022.

In 2017, Liberia exported $41.5M to Tanzania. The main products exported from Liberia to Tanzania were Refined Petroleum ($40.9M), Coconut Oil ($535k), and Cleaning Products ($20.5k). During the last 5 years the exports of Liberia to Tanzania have increased at an annualized rate of 69.2%, from $2.99M in 2022 to $41.5M in 2017.

Exports from Tanzania () to Liberia () (2022)

Exports from Liberia () to Tanzania () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Tanzania
Top DestinationIndia$2.73B

Liberia
Top DestinationSwitzerland$544M

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

In 2022, countries that imported more from Tanzania than Liberia included India ($2.73B), United Arab Emirates ($1.07B), and South Africa ($939M).

In 2022, countries that imported more from Liberia than Tanzania included Switzerland ($544M), France ($158M), and Lebanon ($106M).

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

Comparative Advantage Tanzania - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Tanzania had a large net trade with Liberia in the exports of Mineral Products ($150k), Chemical Products ($148k), and Foodstuffs ($28.2k).

During 2017, Liberia had a large net trade with Tanzania in the exports of Mineral Products ($40.9M), Animal and Vegetable Bi-Products ($535k), and Chemical Products ($20.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Tanzania Liberia+$36.6kSoap

Top Product Potential Liberia Tanzania+$6.05kSoap

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

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Historical Data

Bilateral Trade by Products

Exports from Tanzania () to Liberia () (2022)

Exports from Liberia () to Tanzania () (2022)

Market Competitiveness

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

Comparative Advantage Tanzania - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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