Liberia (LBR) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Liberia-Finland Trade: In 2022, Liberia exported $2.32M to Finland. The main products that Liberia exported to Finland were Rubber ($2.32M). Over the past 8 years the exports of Liberia to Finland have increased at an annualized rate of 16.2%, from $698k in 2014 to $2.32M in 2022.

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

Finland-Liberia Trade: In 2022, Finland exported $891k to Liberia. The main products that Finland exported to Liberia were Ethylene Polymers ($480k), Transmissions ($248k), and Stone Processing Machines ($111k). Over the past 8 years the exports of Finland to Liberia have decreased at an annualized rate of 22.2%, from $3.13M in 2014 to $891k in 2022.

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

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $2.32M to Finland. The main products exported from Liberia to Finland were Rubber ($2.32M). During the last 8 years the exports of Liberia to Finland have increased at an annualized rate of 16.2%, from $698k in 2014 to $2.32M in 2022.

In 2017, Finland exported $891k to Liberia. The main products exported from Finland to Liberia were Ethylene Polymers ($480k), Transmissions ($248k), and Stone Processing Machines ($111k). During the last 5 years the exports of Finland to Liberia have decreased at an annualized rate of 22.2%, from $3.13M in 2022 to $891k in 2017.

Exports from Liberia () to Finland () (2022)

Exports from Finland () to Liberia () (2022)

Latest Data

Trade between Liberia () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Liberia than Finland included Lebanon ($106M), Cyprus ($53.7M), and Cote d'Ivoire ($25.3M).

In 2022, countries that imported more from Finland than Liberia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Liberia - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Finland in the exports of Plastics and Rubbers ($2.32M).

During 2017, Finland had a large net trade with Liberia in the exports of Plastics and Rubbers ($480k), Machines ($380k), and Animal Products ($16.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Finland+$396kRubber

Top Product Potential Finland Liberia+$101kStone Processing Machines

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Finland () (2022)

Exports from Finland () to Liberia () (2022)

Latest Data

Trade between Liberia () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Liberia - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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