Liberia (LBR) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Liberia-Hong Kong Trade: In 2023, Liberia exported $398k to Hong Kong. The main products that Liberia exported to Hong Kong were Scrap Aluminium ($229k), Dried/Salted/Smoked/Brined Fish ($113k), and Rubber Tires ($55k). Over the past 5 years the exports of Liberia to Hong Kong have decreased at an annualized rate of 17.5%, from $1.04M in 2018 to $398k in 2023.

In 2023, Liberia did not export any services to Hong Kong.

Hong Kong-Liberia Trade: In 2023, Hong Kong exported $3.15M to Liberia. The main products that Hong Kong exported to Liberia were Other toys ($1.07M), Broadcasting Equipment ($815k), and Coated Flat-Rolled Iron ($172k). Over the past 5 years the exports of Hong Kong to Liberia have increased at an annualized rate of 6.3%, from $2.32M in 2018 to $3.15M in 2023.

In 2023, Hong Kong did not export any services to Liberia.

Comparison: In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Liberia exported $398k to Hong Kong. The main products exported from Liberia to Hong Kong were Scrap Aluminium ($229k), Dried/Salted/Smoked/Brined Fish ($113k), and Rubber Tires ($55k). During the last 5 years the exports of Liberia to Hong Kong have decreased at an annualized rate of 17.5%, from $1.04M in 2018 to $398k in 2023.

In 2018, Hong Kong exported $3.15M to Liberia. The main products exported from Hong Kong to Liberia were Other toys ($1.07M), Broadcasting Equipment ($815k), and Coated Flat-Rolled Iron ($172k). During the last 5 years the exports of Hong Kong to Liberia have increased at an annualized rate of 6.3%, from $2.32M in 2023 to $3.15M in 2018.

Exports from Liberia () to Hong Kong () (2023)

Exports from Hong Kong () to Liberia () (2023)

Latest Data

Trade between Liberia () and Hong Kong ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$708M

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Liberia than Hong Kong included Lebanon ($105M), Cote d'Ivoire ($26.3M), and Eswatini ($1.37M).

In 2023, countries that imported more from Hong Kong than Liberia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and Liberia () (2023)

Comparative Advantage Liberia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Liberia had a large net trade with Hong Kong in the exports of Metals ($229k), Animal Products ($113k), and Plastics and Rubbers ($55k).

During 2018, Hong Kong had a large net trade with Liberia in the exports of Machines ($1.28M), Miscellaneous ($1.21M), and Metals ($225k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Hong Kong+$272kScrap Copper

Top Product Potential Hong Kong Liberia+$1.15MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Hong Kong () (2023)

Exports from Hong Kong () to Liberia () (2023)

Latest Data

Trade between Liberia () and Hong Kong ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Liberia () (2023)

Comparative Advantage Liberia - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Liberia () and Hong Kong () (2023)

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