Bangladesh (BGD) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Bangladesh-Liberia Trade: In 2023, Bangladesh exported $447k to Liberia. The main products that Bangladesh exported to Liberia were Flavored Water ($116k), Other Processed Vegetables ($79.4k), and Pasta ($71.8k). Over the past 5 years the exports of Bangladesh to Liberia have increased at an annualized rate of 10.2%, from $274k in 2018 to $447k in 2023.

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

Liberia-Bangladesh Trade: In 2023, Liberia exported $66.7k to Bangladesh. The main products that Liberia exported to Bangladesh were Cocoa Beans ($45.9k), Wood Stakes ($10.2k), and Knit T-shirts ($5.56k). Over the past 5 years the exports of Liberia to Bangladesh have decreased at an annualized rate of 29.3%, from $376k in 2018 to $66.7k in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $447k to Liberia. The main products exported from Bangladesh to Liberia were Flavored Water ($116k), Other Processed Vegetables ($79.4k), and Pasta ($71.8k). During the last 5 years the exports of Bangladesh to Liberia have increased at an annualized rate of 10.2%, from $274k in 2018 to $447k in 2023.

In 2018, Liberia exported $66.7k to Bangladesh. The main products exported from Liberia to Bangladesh were Cocoa Beans ($45.9k), Wood Stakes ($10.2k), and Knit T-shirts ($5.56k). During the last 5 years the exports of Liberia to Bangladesh have decreased at an annualized rate of 29.3%, from $376k in 2023 to $66.7k in 2018.

Exports from Bangladesh () to Liberia () (2023)

Exports from Liberia () to Bangladesh () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Liberia
Top DestinationSwitzerland$708M

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

In 2023, countries that imported more from Bangladesh than Liberia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Liberia than Bangladesh included Lebanon ($105M), Tanzania ($38M), and Ghana ($27M).

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

Comparative Advantage Bangladesh - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Liberia in the exports of Foodstuffs ($319k), Textiles ($68.8k), and Instruments ($27.4k).

During 2018, Liberia had a large net trade with Bangladesh in the exports of Foodstuffs ($45.9k), Wood Products ($10.2k), and Textiles ($8.49k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Liberia+$2.18kNon-Knit Men's Suits

Top Product Potential Liberia Bangladesh+$4.54kRefined 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 Bangladesh and Liberia. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Liberia () (2023)

Exports from Liberia () to Bangladesh () (2023)

Market Competitiveness

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

Comparative Advantage Bangladesh - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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