Liberia (LBR) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Liberia-Thailand Trade: In 2022, Liberia exported $13.5M to Thailand. The main products that Liberia exported to Thailand were Passenger and Cargo Ships ($13.5M), Precious Stones ($5.1k), and Used Clothing ($1.15k). Over the past 5 years the exports of Liberia to Thailand have increased at an annualized rate of 29.3%, from $3.75M in 2017 to $13.5M in 2022.

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

Thailand-Liberia Trade: In 2022, Thailand exported $6.44M to Liberia. The main products that Thailand exported to Liberia were Other Cast Iron Products ($1.85M), Wood Fiberboard ($1.63M), and Uncoated Paper ($696k). Over the past 5 years the exports of Thailand to Liberia have increased at an annualized rate of 2.72%, from $4.42M in 2017 to $6.44M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $13.5M to Thailand. The main products exported from Liberia to Thailand were Passenger and Cargo Ships ($13.5M), Precious Stones ($5.1k), and Used Clothing ($1.15k). During the last 5 years the exports of Liberia to Thailand have increased at an annualized rate of 29.3%, from $3.75M in 2017 to $13.5M in 2022.

In 2017, Thailand exported $6.44M to Liberia. The main products exported from Thailand to Liberia were Other Cast Iron Products ($1.85M), Wood Fiberboard ($1.63M), and Uncoated Paper ($696k). During the last 5 years the exports of Thailand to Liberia have increased at an annualized rate of 2.72%, from $4.42M in 2022 to $6.44M in 2017.

Exports from Liberia () to Thailand () (2022)

Exports from Thailand () to Liberia () (2022)

Latest Data

Trade between Liberia () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Liberia than Thailand included Cyprus ($53.7M).

In 2022, countries that imported more from Thailand than Liberia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Liberia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Thailand in the exports of Transportation ($13.5M), Precious Metals ($5.1k), and Textiles ($1.15k).

During 2017, Thailand had a large net trade with Liberia in the exports of Metals ($1.94M), Wood Products ($1.63M), and Plastics and Rubbers ($1.07M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Thailand+$624kPassenger and Cargo Ships

Top Product Potential Thailand Liberia+$328kRice

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

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Thailand () (2022)

Exports from Thailand () to Liberia () (2022)

Latest Data

Trade between Liberia () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Liberia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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