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2022
Flag → Flag
Exports $8.39MRnk 27 / 86
2022
Flag → Flag
Top Product $5.87MPassenger and Cargo Ships
2022
Flag → Flag
Exports $245MRnk 104 / 219
2022
Flag → Flag
Top Product $82.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Liberia-Turkey Trade: In 2022, Liberia exported $8.39M to Turkey. The main products that Liberia exported to Turkey were Passenger and Cargo Ships ($5.87M), Cocoa Beans ($748k), and Rubber ($654k). Over the past 5 years the exports of Liberia to Turkey have increased at an annualized rate of 1.86%, from $7.65M in 2017 to $8.39M in 2022.

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

Turkey-Liberia Trade: In 2022, Turkey exported $245M to Liberia. The main products that Turkey exported to Liberia were Refined Petroleum ($82.5M), Nitrogenous Fertilizers ($9.08M), and Centrifuges ($8.78M). Over the past 5 years the exports of Turkey to Liberia have increased at an annualized rate of 4.09%,  from $171M in 2017 to $245M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Liberia exported $8.39M to Turkey. The main products exported from Liberia to Turkey were Passenger and Cargo Ships ($5.87M), Cocoa Beans ($748k), and Rubber ($654k). During the last 5 years the exports of Liberia to Turkey have increased at an annualized rate of 1.86%, from $7.65M in 2017 to $8.39M in 2022.

In 2017, Turkey exported $245M to Liberia. The main products exported from Turkey to Liberia were Refined Petroleum ($82.5M), Nitrogenous Fertilizers ($9.08M), and Centrifuges ($8.78M). During the last 5 years the exports of Turkey to Liberia have increased at an annualized rate of 4.09%, from $171M in 2022 to $245M in 2017.

Exports from Liberia (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Liberia (Flag) (2022)

Latest Data

Trade between Liberia (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Liberia
Top DestinationSwitzerland$544M
Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Liberia than from Turkey.

In 2022, countries that imported more from Turkey than Liberia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey (Flag) and Liberia (Flag) (2022)

Comparative Advantage Liberia - Turkey

Flow
Scale

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

During 2022, Liberia had a large net trade with Turkey in the exports of Transportation ($5.89M), Foodstuffs ($776k), and Plastics and Rubbers ($654k).

During 2017, Turkey had a large net trade with Liberia in the exports of Mineral Products ($90.5M), Machines ($57.8M), and Chemical Products ($23.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Liberia Turkey+$2.94MPassenger and Cargo Ships
Top Product Potential Turkey Liberia+$7.17MRefined 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

This visualization shows the product space at the HS4 level with the flags of Liberia and Turkey. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Liberia.

Product Space of Liberia (Flag) and Turkey (Flag) (2022)

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