Liberia (LBR) and Tanzania (TZA) Trade | The Observatory of Economic Complexity

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Liberia-Tanzania Trade: In 2022, Liberia exported $41.5M to Tanzania. The main products that Liberia exported to Tanzania were Refined Petroleum ($40.9M), Coconut Oil ($535k), and Cleaning Products ($20.5k). Over the past 5 years the exports of Liberia to Tanzania have increased at an annualized rate of 69.2%, from $2.99M in 2017 to $41.5M in 2022.

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

Tanzania-Liberia Trade: In 2022, Tanzania exported $347k to Liberia. The main products that Tanzania exported to Liberia were Petroleum Jelly ($112k), Beauty Products ($89.4k), and Soap ($58.7k). Over the past 5 years the exports of Tanzania to Liberia have increased at an annualized rate of 69.2%, from $25k in 2017 to $347k in 2022.

In 2022, Tanzania 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, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Liberia exported $41.5M to Tanzania. The main products exported from Liberia to Tanzania were Refined Petroleum ($40.9M), Coconut Oil ($535k), and Cleaning Products ($20.5k). During the last 5 years the exports of Liberia to Tanzania have increased at an annualized rate of 69.2%, from $2.99M in 2017 to $41.5M in 2022.

In 2017, Tanzania exported $347k to Liberia. The main products exported from Tanzania to Liberia were Petroleum Jelly ($112k), Beauty Products ($89.4k), and Soap ($58.7k). During the last 5 years the exports of Tanzania to Liberia have increased at an annualized rate of 69.2%, from $25k in 2022 to $347k in 2017.

Exports from Liberia () to Tanzania () (2022)

Exports from Tanzania () to Liberia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Tanzania
Top DestinationIndia$2.73B

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

In 2022, countries that imported more from Liberia than Tanzania included Switzerland ($544M), France ($158M), and Lebanon ($106M).

In 2022, countries that imported more from Tanzania than Liberia included India ($2.73B), United Arab Emirates ($1.07B), and South Africa ($939M).

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

Comparative Advantage Liberia - Tanzania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Tanzania in the exports of Mineral Products ($40.9M), Animal and Vegetable Bi-Products ($535k), and Chemical Products ($20.5k).

During 2017, Tanzania had a large net trade with Liberia in the exports of Mineral Products ($150k), Chemical Products ($148k), and Foodstuffs ($28.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Tanzania+$6.05kSoap

Top Product Potential Tanzania Liberia+$36.6kSoap

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

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Historical Data

Bilateral Trade by Products

Exports from Liberia () to Tanzania () (2022)

Exports from Tanzania () to Liberia () (2022)

Market Competitiveness

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

Comparative Advantage Liberia - Tanzania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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